Direct deposits were delayed by Federal Reserve glitch
Direct deposits and other financial transactions were delayed Thursday by a glitch at the Federal Reserve that has since been resolved.
the fed
Fed may need to slash rates to zero before the end of 2020
The Federal Reserve is strongly suggesting that interest rates are unlikely to budge much before the 2020 election.
Economy could keep Dow rising in 2020
Trade jitters have taken financial markets on a wild ride this year, putting some cracks in the global economy. But stocks still kept hitting record highs.
Asian markets move higher after Fed holds interest rates steady
Asian markets mostly rose Thursday after the Federal Reserve kept interest rates steady, putting an end to the year's series of rate cuts.
Fed leaves rates steady and signals a pause in 2020
The Federal Reserve held interest rates steady at its December meeting on Wednesday, halting a series of rate cuts that lifted markets and countered recession fears amid ongoing trade uncertainty.
Fed expected to leave interest rates alone, Trump pushes for more cuts
The Federal Reserve has erased nearly half of all the rate increases of the past two years since July -- but now the central bank is expected to halt any further cuts even as President Donald Trump continues to push for more.
Paul Volcker, former Fed chairman, dies at 92
Paul Volcker, the former chairman of the Federal Reserve known for his battles against inflation in the late 1970s and early 1980s, has died. He was 92.
Dow up more than 300 points on good jobs news
Investors cheered November's blockbuster jobs report.
Former Treasury Secretary questions Trump tariffs
Former US Treasury Secretary Larry Summers says President Donald Trump's love affair with tariffs is backfiring. And he's not surprised at all.
Market melt-up left stocks vulnerable to a sharp reversal
The US stock market moved almost exclusively in one direction this fall: up.
Why Black Friday is absolutely crucial for struggling retailers
This year, Black Friday is more than just the starting gun for the all-important holiday shopping season (or the day you elbow your neighbor out of the way to score a TV). For retail's struggling players, shopping's mega-day is crucial.
Angry savers emailed Janet Yellen: We're getting crushed by low rates
Rock-bottom interest rates have pumped up stock prices, knocked down mortgage rates and supported the creation of countless unicorns in Silicon Valley. Savers, on the other hand, have been crushed by near-zero rates.
Janet Yellen on the economy: 'There is good reason to worry'
Janet Yellen is concerned the US-China trade war may end the longest economic expansion in American history.
More tax cuts and negative rates: Trump reveals 2020 economy push
In his mostly scripted speech to the Economic Club of New York, the president revealed both his impeachment counter-programming and his re-election theme for 2020. The president's message to New York's financial elite: The economy is booming because of Trump. You may not like him, but you can't afford not to vote for him.
Americans now have record $14 trillion in debt
U.S. households are now sitting on a record $14 trillion in mortgages, credit cards, student loans and other forms of debt.
Powell: US growth threatened by trade wars, global sluggishness
Federal Reserve Chairman Jerome Powell on Wednesday depicted a robust US economy with a healthy job market and rising incomes, but warned of
Recession not right around the corner, Fed official says
The American economy is experiencing turbulence. The trade war and global weakness are slowing growth. But Mary Daly, the president of the San Francisco Federal Reserve, is confident the economy will get through the storm unscathed.
US added 128,000 jobs in October, topping dour forecasts
Anyone with jitters about the US economy got an unexpected surprise on Friday.
America's aging economic expansion could continue for years
The economic expansion that was borne out of the ashes of the Great Recession is ancient by historical standards.
Dow sinks as trade and the economy worry investors
The Dow and US stocks finished lower on Thursday, knocked down by worries about the US economy and the potential for a US-China trade deal.
The US economy is slowing
The US economy grew at an annualized rate of 1.9% in the third quarter, the Commerce Department announced Wednesday.
Fed might change its rate-cut strategy after October
The Federal Reserve is meeting on Wednesday. And unless it wants to anger stock and bond investors and US President Donald Trump, Fed Chairman Jerome Powell will cut interest rates for the third-straight time.
Strong dollar hurting global economy
The world economy is slowing. In past recessions, fast-growing emerging markets have helped bail out the global economy. But there's one thing standing in the way of history repeating itself this time: the strong US dollar.
Overnight lending market drama continues
The New York Federal Reserve has vowed to ease the turmoil that erupted last month in the overnight lending market. Keeping that promise is proving to be a very heavy lift.
