Stock market hits record after Fed keeps stimulus


Stock market hits record after Fed keeps stimulus

NEW YORK The stock market hit a record high Wednesday after the Federal Reserve's surprise decision to keep its economic stimulus in place.

Fed has few options

For the first time in decades, the U.S. Federal Reserve is looking like a toothless tiger. As it becomes clearer that the multiple gears of the worldwide economy are slowing in unison , pressure is mounting on the world's largest central bank to sp…

Can financial education help a person to make better decisions?

WELL-INFORMED, well-educated consumers can create economic ripples? according to Jeanne M. Hogarth of the US Federal Reserve Board in her paper, Financial Education and Economic Development presented at the 2006 Financial Literacy International Confere…

3 investments for an era of low interest rates

BOSTON – The Federal Reserve is making it increasingly hard for investors to earn anything, unless they're willing to accept plenty of risk. Ben Bernanke and his Fed are playing the role of advis

Has Housing Really Bottomed?

Massive intervention by Federal agencies and the Federal Reserve have kept the market from discovering price and the risk premium in real estate. That sets up a "catch the falling knife" possibility for impatient real estate investors.

Fed says interest rates likely to stay near zero through late 2014

Federal Reserve Chairman Ben Bernanke said the central bank was prepared to take more action if necessary to keep the economy moving, but that weakness in the housing sector is a key to recovery and interest rates would remain low for nearly three years.

Canadian Markets: Bank, energy stocks drag on Canada market

Financial stocks fall as the U.S. dollar falters following a Federal Reserve promise Wednesday to keep interest rates low until late 2014.

Federal Reserve to disclose more details on plans for low interest rates

The Federal Reserve, which took aggressive action in response to the U.S. financial crisis and more recently to help keep European banks in good health , has been divided for months over whether to take major new actions to bolster the nation’s slow ec…

MICHELLE SINGLETARY: Many people are buried in student debt

The Federal Reserve Bank of New York says that overall consumer debt dropped about $60 billion to $11.66 trillion in the third quarter of 2011. But as consumers cut their mortgage and credit card debt, they were loading up on student loans.

Private Firms Hired More Than Expected In October

Private employers added more jobs than expected last month, though the lack of robust labor market growth reinforced the Federal Reserve’s view that economic progress will likely be "frustratingly slow."