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Federal Reserve

Federal Reserve

U.S. July Inflation Rises Modestly for Sixth Month, Rate Hike Still Likely

Pulled back by a steep decline in airfares despite rising costs of housing, U.S. inflation only rose modestly in July with another lower-than-projected rise in consumer prices likely this year .

Colorado Credit Union for Marijuana Businesses Sues Federal Financial Authorities, Says Relying on Cash Posts Security Risks

A credit union that aims to serve Colorado's marijuana industry, has filed cases against the Federal Reserve and the National Credit Union Administration for barring them from doing business with other financial institutions.

US Second Quarter Wage Growth Slowest Since 1982 Despite Tighter Job Market

Employee compensation in the United States slowed down in the second quarter due to weak commissions from sales, with analysts torn whether the weak data would prompt the Federal Reserve to raise interest rates or not.

Equities Continue To Slump as Asia Shares Start the Week Soft

The equity market continues to be battered as shares in Asia fell to start the week, following the slump in Wall Street last Friday, according to a report from Bloomberg.

Former Fed Chair Bernanke Against $10 Redesign

Former US Federal Reserve Chairman Ben Bernanke said Alexander Hamilton deserves to keep the $10 dollar bill for himself given his role in helping establish the country and contributing to the economic legacy of the United States.

Sales of Previously Owned US Houses Rebound in May

After an unexpected decline in April, sales of previously owned houses in the U.S. in May bounced back to its strongest growth since November 2009 as new home buyers became more confident in purchasing residential properties.

Rising Gasoline Prices Pull up U.S. Inflation for Fourth Straight Month

Inflation in the U.S. rose for the fourth straight month in May largely driven by rising gasoline prices, but the slow increase might give the Federal Reserve more reason to continue keeping interest rates low.

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