Positive Economic Reports Precede Bernanke Address
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Personal income and consumer spending jumped more than expected in July while one measure of inflation remained tame -- positive economic news amid continued problems in the real estate industry and rising home loan default rates.
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U.S. stock index futures signaled a slightly higher market open on Wednesday, with the Dow  average poised to top Tuesday's all-time high and investors' focus on a speech by Federal Reserve Chairman Ben Bernanke and economic reports.
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Federal Reserve Chairman Ben Bernanke on Thursday acknowledged the economy faces increased risks and indicated the U.S. central bank is ready to cut interest rates aggressively to support growth.
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Federal Reserve Chairman Ben Bernanke predicted Tuesday the economy will rebound from an anemic performance at the start of the year even if the housing slump continues.
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Ben Bernanke on Tuesday fuelled market expectations of a vigorous bounce-back in US growth in the second quarter following very weak first-quarter growth.
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Economic data released Wednesday supports decision to cut interest rates.
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Strong business investment and higher exports drove the U.S. economy ahead at a robust 4 percent annual rate in the second quarter before turmoil in credit markets struck that is expected to brake growth ahead.
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Stocks rebounded on Wednesday after Federal Reserve Chairman Ben Bernanke said he still sees the economy growing moderately and investors found stock prices attractive after Tuesday's sell-off.
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Positive economic growth has helped the dollar gain ground on the pound ahead of an anticipated interest-rate decision from the US Federal Reserve.
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The Fed signaled that it is likely to keep the benchmark rate at current levels for the foreseeable future.
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Federal Reserve Chairman Ben Bernanke offered a mostly upbeat assessment of the economy Wednesday, citing improvements in inflation and housing in comments suggesting the Fed will leave interest rates alone for a while.
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Federal Reserve Chairman Ben Bernanke told Congress so far the markets appear to be "working well," despite the biggest sell-off in stock prices in more than five years
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Upbeat economic news and a lot of merger and acquisition activity have stocks rising on Wall Street ahead of the Federal Reserve&#39;s decision on interest rates tomorrow.
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U.S. stock futures were little changed on Tuesday before several economic indicators and a speech by Federal Reserve Chairman Ben Bernanke that could give stocks direction after they suffered their worst day in months on Monday.
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Ben S. Bernanke said that he expects the economy to regain speed after a few months of âsluggishâ growth.
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AUSTRALIAN home owners can breathe a sigh of relief: stable interest rates are predicted well into next year. The Reserve Bank issued a glowing report card on the Australian economy yesterday, now that the
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Stock index futures rose on Wednesday before Federal Reserve Chairman Ben Bernanke's congressional testimony, which could give a hint about the outlook for interest rates, and retail sales data.