U.S. Could Lose 14 Million Jobs: Are We Entering A Depression?
The Federal Reserve of St. Louis estimates the nation's jobless rate could hit a staggering 32% within months.
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The Federal Reserve of St. Louis estimates the nation's jobless rate could hit a staggering 32% within months.
In response to concerns over COVID-19, the Federal Reserve recently cut its benchmark interest rate to near zero.
A new report says the nation's four most-populated states carry the highest total amount of credit card debt, with Texas residents in the number two spot.
Fed officials ended their two-day meeting by hiking the federal funds rate -- what banks charge each other for short-term loans -- to a range of 1.25 to 1.5 percent.
The Federal Reserve is raising its benchmark interest rate for the second time in three months and signaling that any further hikes this year will be gradual.
The Federal Reserve is expected to raise its key interest rate for the first time in a year when its policy meeting ends Wednesday.
The nation's second largest bank engaged in practices that allegedly allowed the bank to open millions of accounts without customers' permission.
The vice chair of the Federal Reserve said Tuesday that the recent slump in financial markets could be a sign the global economy is slowing, which would affect U.S. growth.
The Federal Reserve has decided to keep the rates at record lows.
The vast majority of business economists expect the Federal Reserve will raise interest rates before the end of the year, according to a survey released Monday.
On Tuesday night in Dallas, the President and CEO of the Dallas Federal Reserve Bank, Richard Fisher, made a speech that's making national headlines, about who he blames for the still sluggish economy.
Rising food costs and higher rents offset a drop in gas prices last month, leaving consumer prices only slightly higher in October compared with the previous month.
On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
Americans cut back on their credit card use in July for the second straight month, suggesting many remain cautious in the face of high unemployment and slow growth.
The Federal Reserve chairman is venturing into Texas. And those who watch the Fed say the visit sends a message to Bernanke's critics.
Banks would be barred from trading for their own profit instead of their clients under a rule federal regulators proposed Tuesday. The Federal Deposit Insurance Corp. backed the draft rule on a 3-0 vote.
Just in the last week, gas prices in North Texas jumped 12 cents. A gallon of regular unleaded now costs an average of $3.79. But consumers and businesses aren't feeling the impact at just the pump alone.
