Economy News
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Unclear whether Fed's bond buying has helped economy: Fisher
- While the Federal Reserve's accommodative policies have boosted stocks and helped the rich, it is unclear whether they are doing enough for the broader U.S. economy, a top central bank official said on Monday.
Fed has right monetary accommodation in place, Evans says
CHICAGO - The Federal Reserve has the appropriate level of monetary accommodation in place, allowing the economy to reach "escape velocity" next year, a top Fed official said on Monday.
Fed could keep up bond buys, end in autumn if sure on jobs: Evans
CHICAGO - The U.S. Federal Reserve could keep up its current level of bond-buying stimulus, but could end it abruptly in the autumn if by then it was sure that the labor market was on a solid footing, a top Fed official said on Monday.
Analysis: Shrinking deficit reduces pressure for budget deal
WASHINGTON - The chances of a deal between Democratic and Republican lawmakers that would overhaul the tax system, trim government spending and reform safety net spending programs appear to be fading.
Job market gains could lead Fed to taper QE3 early
- The beginning of the end of the Federal Reserve's massive bond-buying program might come sooner than many investors think if recent gains in the U.S. labor market do not prove fleeting.
Bernanke upbeat on innovation outlook in commencement address
WASHINGTON - Federal Reserve Chairman Ben Bernanke painted an upbeat picture on Saturday for the potential of innovation to lift living standards, delivering a sweeping look at the last 100 years that included memories of his 1963 South Carolina home.
Unemployment rates drop in most states, Illinois climbs
WASHINGTON - Unemployment rates dropped in 43 out of the 50 U.S. states and in the District of Columbia in April from a year before, according to Labor Department data released on Friday.
Obama budget cuts deficit $1.1 trillion over decade: CBO
WASHINGTON - Near-term U.S. deficits under President Barack Obama's 2014 budget plan would be higher than those forecast by the Congressional Budget Office this week but $1.1 trillion lower than what it estimates over the coming decade, CBO said on Friday.
May consumer sentiment highest in nearly six years
NEW YORK - Americans felt better about their economic and financial prospects in early May as consumer sentiment rose to the highest level in nearly six years, an encouraging sign after other recent data had suggested broader U.S. growth is cooling.
Treasury gears up to buy time under reimposed debt cap
WASHINGTON - The Obama administration on Friday notified Congress it was prepared to take a series of steps to free up about $260 billion so it can keep paying the nation's bills once a temporary suspension in the government's debt ceiling lapses this weekend.
Markets
- U.S.
- Europe
- Asia
- Sectors
| DOW | 15,346.03 |  -8.37 |
-0.05% |
| S&P; 500 | 1,667.10 | -0.37 |
-0.02% |
| NASDAQ | 3,497.01 | -1.95 |
-0.06% |
| TR US Index | 151.31 |  +0.01 |
+0.01% |
Sector Summary
| Energy | +1.05% |
| Basic Materials | +0.72% |
| Industrials | +0.83% |
| Cyclical Goods & Services | +0.67% |
| Non-Cyclical Goods & Services | -0.10% |
| Financials | +0.45% |
| Healthcare | -0.20% |
| Technology | +0.48% |
| Telecoms | +0.55% |
| Utilities | +0.74% |
What to expect from Bernanke testimony and Fed minutes this week
Fed Chairman Ben Bernanke testifies this week while minutes of the central bank's last meeting will offer clues into the debate over a possible curbing of Fed stimulus.
Forward Calendar - U.S. corporate bond new issues
May 20 - The following are lists of upcoming high-grade and high-yield corporate bond offerings in the United States. The information was gathered from Thomson Reuters U.S. new issues team, and other market sources: *Denotes 144a private placement debt offering. HIGH-GRADE BOND SALES EXPECTED FOR THE WEEK OF 5/20/2013 COMPANY AMT MAT/DEBT RTGS MGRS PRICED CF Industries $750 mln 10-yr Baa2/BBB-/BBB GS/MS 5/2
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
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