Stocks Move Higher On Fed Keeping Interest Rates Low
(New York, NY) -- Stocks rose on Wall Street today following the Federal Reserve's decision to keep interest rates near zero for an extended period. The Dow Jones Industrial Average closed 44 points higher at ten-thousand-686 ...Read More
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Fed Holds Interest Rates At Low Levels
(Washington, DC) -- The Federal Reserve is keeping its benchmark interest rate near zero percent. Analysts had expected that due to the country's high unemployment and low inflation. The Fed's overnight interest rate has been at zero to a quarter-percent ...Read More
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Housing Starts Dip In February
(Washington, DC) -- Winter storms are blamed for a drop in housing starts last month. The latest figures from the Commerce Department show groundbreaking activity fell nearly six-percent in February from the previous month ...Read More
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Honda To Recall Thousands Of Odyssey, Element Vehicles
(Undated) -- Some 344-thousand Odyssey and nearly 70-thousand Element vehicles will be recalled by Honda Motor Company. The automaker reports it has received complaints of brake pedals that feel "soft" or have a pedal height that gets lower to the floor board before stopping ...Read More
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Administration Warns Of Extended Joblessness
(Washington, DC) -- The national jobless rate will probably remain high for some time, according to top Obama administration officials. In a House hearing, White House economist Christina Romer said, "Because of the severe toll the recession has taken on the labor market, unemployment is likely to remain elevated for an extended period ...Read More
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Top Administration Officials Defend Economic Policies
(Washington, DC) -- Top Obama administration officials are defending the President's economic policies. Treasury Secretary Timothy Geithner , White House budget chief Peter Orszag and White House economist Christina Romer are testifying in a House hearing ...Read More
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