The U.S. Federal Reserve is keeping its existing, easy monetary policy unchanged. But, it’s prepared to take additional action, if necessary, to stimulate the economy and combat falling prices.
Continue reading…
While the manufacturing sector continued to expand and the U.S. budget deficit was less than expected in August, consumer sentiment unexpectedly hit a roadblock, falling 2.3 points in September to 66.6 — the index’s lowest level since August 2009.
A …
August’s as-expected 0.3% consumer price index rise shows the U.S. economy is experiencing disinflation, or lower inflation, but not outright deflation. Still, current levels are about as low as the Fed wants inflation to be.
…
Inflation at the wholesale level remains tame, as producer prices rose 0.4% in August, but that statistic was boosted higher by a jump in often-volatile energy prices, the U.S. Labor Department announced Thursday. The core rate, which excludes food and…
It has been two years since Lehman Brothers went under, sparking the Great Recession. While the banks have done surprisingly well in past two years, the economy is still struggling to recover and millions remain out of work. He…