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FOMC Raises A Special Interest Rate On Bank Reserves

FOMC Raises A Special Interest Rate On Bank Reserves

WASHINGTON (MarketWatch) – The Federal Reserve left its benchmark short-term interest rate unchanged again in January, but it did slightly raise a special reserve rate it charges to banks. The Fed reaffirmed its prior view that inflation is low and the economy...
Brexit Done: How It Happened and What’s Next

Brexit Done: How It Happened and What’s Next

LONDON and WASHINGTON — It took one referendum, two general elections, three prime ministers and nearly four years, but on Friday, the U.K. will finally be leaving the European Union. For anyone following the tumultuous path to Brexit since the U.K. voted to...
Hiring Picked Up In January

Hiring Picked Up In January

The numbers: The U.S. created a robust 225,000 new jobs in January to get off to a good start in 2020, reflecting surprising resilience in the labor market even though manufacturing has contracted and the economy has softened. The economy has added an average of...
Consumer confidence hits 18-year high

Consumer confidence hits 18-year high

Confidence among American consumers rose in August to the highest level in nearly 18 years as their assessment of current conditions improved further and their expectations about the future rebounded. The Conference Board reported Tuesday that its consumer confidence...