Fed: High Energy Costs Curbed Spending
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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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ALBUQUERQUE, N.M.  - High oil prices will probably  brake U.S. growth but will not derail the economy provided  there is not another sharp spike upwards, a top Federal Reserve  policymaker said on Tuesday.
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WASHINGTON Aug. 30, 2004 - After taking a rest in June, the nation&#39;s consumers were full of energy last month, boosting their spending by a strong 0.8 percent, a hopeful sign the economy may be emerging from a summer funk.
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ALBUQUERQUE, N.M.  - High oil prices will probably  brake U.S. 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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WASHINGTON -- Late payments on credit card bills edged up this past spring, when high energy prices were squeezing the finances of some people and making it hard to pay bills on time.
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U.S. consumer prices dropped in July  for the first time in eight months as a sharp run up in energy  costs reversed, the government said in a report that suggested  a slow rate of interest rate hikes is likely.
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U.S. consumer prices dropped in July  for the first time in eight months as a sharp run up in  gasoline costs reversed, the government said on Tuesday in a  report suggesting the U.S. Federal Reserve can stick to a plan  of gradual interest-rate rises.
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Falling energy costs pulled down  U.S. consumer prices last month, but core inflation rose and  housing starts staged their biggest jump in more than seven  years, according to data on Wednesday that bolstered  expectations for a steady diet of interest-rate rises.
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Surging energy prices are acting like a double whammy on the country's economy, crimping growth even as they push up inflation, Federal Reserve Chairman Ben Bernanke said Thursday.
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SAN FRANCISCO - The Federal Energy Regulatory Commission improperly calculated how much money energy companies should be required to refund California consumers for allegedly excessive electricity costs, a federal appeals court ruled Thursday.
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Producer prices fell by a much larger-than-expected 1.4 percent in August as energy prices slumped, government data showed on Tuesday, in good news for the Federal Reserve as it weighs an interest rate cut.
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WASHINGTON -- Higher costs for energy and food last year pushed inflation up by the largest amount in 17 years, even though prices generally remained tame outside of those two areas.
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Consumer prices, which have been buffeted this year by soaring energy costs, fell by 0.1 percent in July as gasoline costs posted their biggest decline in eight months, the government reported Tuesday.
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Near-record oil prices will slow U.S. economic growth but won't be enough to derail a self-sustaining expansion, U.S. Federal Reserve officials said on Monday.
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Surging energy costs drove U.S. consumer prices up by a hefty and larger-than-expected 0.6 percent last month, the biggest jump since May, a government report showed on Wednesday.
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High oil prices will probably brake U.S. growth but will not derail the economy provided there is not another sharp spike upwards, a top Federal Reserve policymaker said on Tuesday.
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Citing high costs of FutureGen, the Energy Department funds less ambitious projects.