The nation’s factories continue to show signs that they will support economic growth in the immediate quarters ahead, as manufacturing output rose 0.5% in October — the sector’s biggest gain in three months — the Federal Reserve announced Tuesday.
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Producer prices rose less than expected, with much of the hike coming from energy. Excluding food and energy, PPI fell 0.6% in the month. Overall, wholesale prices are up just 1.5% in the past year — still too close to deflati…
William Dudley, president of the Federal Reserve Bank of New York, struck back at critics of the Fed’s asset buying program, saying they “do not understand” the tools available to the Fed.
“People do not understand clearly” that “we can have an enla…
A group of Republican economists aren’t keen on the Fed’s decision to buy $600 billion in bonds in an effort to spur the U.S. economy. They charge that the aggressive strategy — championed by Fed Chairman Ben Bernanke — could…
The seemingly symbiotic relationship between the China and America — dubbed Chimerica — is now clearly chimerical. What was once billed as the ideal partnership is quickly turning into a competition for global influence inste…