|Dino Lirios |||Feb 25, 2015 01:22 AM EST|
In the Semiannual Monetary Policy Report to the Congress on Tuesday, US Federal Reserve Chair Janet Yellen told the committee that the monetary board would be mulling over raising federal rates on a "meeting-by-meeting" basis, confirming expectations of a rate hike this year, in the months to follow.
|Dino Lirios |||Jan 13, 2015 10:48 PM EST|
Brent crude oil has fallen below US$50, marking its lowest level since early 2009. It is now at a six-year low.
|Dan Weisman |||Oct 03, 2014 07:00 PM EDT|
With nearly 250,000 jobs created in September following a disappointing August jobs report, the Bureau of Labor Statistics Friday said unemployment has fallen to just less than 6 percent. Wall Street responded with rising stock prices when the job news was announced.
|Bianca Ortega |||Oct 02, 2014 11:07 PM EDT|
U.S. President Barack Obama on Thursday shifted his focus on the country's economy, the issue that voters consider most important as the November midterm election approaches.
|Marcel Woo |||Sep 07, 2014 07:29 PM EDT|
Global industrial data and analysis company IHS said China is poised to overtake the United States as the world's largest economy by 2024 due to a rise in consumer spending.
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