Fed says expansion solid despite costly energy
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The U.S. economy should perform well  this year and in 2007 despite higher energy prices, the Federal  Reserve said in its 2005 report on Monday.
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U.S. consumers are in good financial  shape, a top Fed official said on Monday, dismissing fears that  high levels of household debt are unsustainable.
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High oil prices will probably brake US growth but will not derail the economy provided they do not rise sharply from current levels, top Federal Reserve policymakers 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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The economic expansion has firmed, yet inflation remains tame, Alan Greenspan, Federal Reserve chairman, said yesterday. That buttressed economists' views that the Fed for now will stick with its gradual approach to raising interest rates.
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The U.S. Federal Reserve held benchmark interest rates steady on Wednesday and maintained a warning on inflation risks as it noted signs of stability emerging in downtrodden housing markets.
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Most US areas saw their economy continue to expand in December and early January, the Federal Reserve says.
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The U.S. economy kept growing in  September and early October, even as higher prices for energy  put a crimp in consumer and business spending, the Federal  Reserve said on Wednesday.
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Analysts expect continued growth despite a tough environment.
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The surge in oil prices over the summer was not enough to derail the U.S. economy and the central bank sees no reason to pause in its interest-rate rises just yet, top Fed officials said on Thursday.
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The US economy is expanding but the performance is patchy as roaring energy prices begin to stifle spending, the Federal Reserve's Beige Book survey showed.
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Despite expected rapid growth in wind and solar energy, oil and gas are here to stay.
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Federal Reserve Chairman Ben S. Bernanke indicated today that the central bank is likely to hold interest rates steady for a while but remains ready to hike borrowing costs if necessary to force inflation lower.
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The US economy continued to grow in the early fall despite being buffeted by rising energy costs and hurricanes, the Federal Reserve said yesterday, providing its last snapshot of business conditions before Election Day.
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The economy grew more rapidly than   originally reported in the second quarter but an inflation   gauge was slightly lower, a government report said on   Wednesday, suggesting the Federal Reserve may be able keep   interest rates steady.
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The U.S. economy grew at a faster   clip and inflation was slower than originally reported in the   second quarter, a government report said on Wednesday,   suggesting the Federal Reserve will keep interest rates steady.
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The surge in oil prices over the  summer was not enough to derail the U.S. economy and the  central bank sees no reason to pause in its interest-rate rises  just yet, top Fed officials said on Thursday.