Fed sees expanding economy, no price pressure rise
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U.S. economic activity expanded from mid-April through May, with some regions reporting stronger growth, the Federal Reserve said on Wednesday.
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Wednesday, the Federal Reserve is expected to raise the cost of borrowing by a quarter of a point - without costing the economy much in terms of jobs or growth.
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The economy is set to grow at a sluggish pace in coming months but there are risks that elevated levels of inflation excluding food and energy may not recede, Federal Reserve Chairman Ben Bernanke said on Tuesday.
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The U.S. economy continued its expansion over the past month, with labor market conditions improving and business lending on the rise, the Federal Reserve said on Wednesday.
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U.S. stocks ended higher on Tuesday,  after the Federal Reserve raised interest rates as expected and  said inflation was in check and the economy is growing at a  moderate pace despite a rise in energy prices.
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U.S. Federal Reserve officials are expected to hold interest rates steady on Tuesday and retain a cautionary warning about inflation risks, while taking stock of cooler economic growth.
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U.S. stocks gained on Tuesday, after  the Federal Reserve raised interest rates as expected, while it  reassured investors that inflation was in check and indicated  the economy was growing at a moderate pace.
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The jump in retail sales is likely to reinforce the Federal Reserveâs view that the cooling housing market has not hurt the rest of the economy.
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The economy grew at a faster clip in   the second quarter and inflation was slower than originally   reported, a government report said on Wednesday, suggesting the   Federal Reserve will keep interest rates steady.
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U.S. Federal Reserve officials are   expected to hold interest rates steady on Wednesday, but they   are also seen renewing an inflation warning even while taking   stock of cooler economic growth.
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Oil prices have shaped the Federal Reserve's outlook for the U.S. economy but an upgrade of second quarter GDP boosts its confidence that growth is regaining momentum, a top Fed policymaker said on Thursday.
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Federal Reserve officials raised a key short-term interest rate yesterday for the fifth time this year, and indicated they will gradually move rates higher next year to keep inflation under control as the economy expands.
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Rising oil prices will weigh on U.S. economic growth but the increases seen so far will not derail the expansion, Federal Reserve Board Governor Ben Bernanke said on Monday.
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The U.S. economy continued its  expansion over the past month, with labor market conditions  improving and business lending on the rise, the Federal Reserve  said on Wednesday.
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The U.S. Federal Reserve raised  interest rates on Tuesday by a quarter percentage point as  expected, the third straight rise in a bid to keep a lid on  inflation pressures despite some signs of economic softness.
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Economic activity expanded from mid-April through May, with a number of areas reporting stronger growth, the Federal Reserve said on Wednesday.
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WASHINGTON - The Federal Reserve raised its target for short-term interest rates Wednesday, comfortable that the economy has passed late spring&#39;s &quot;soft patch.