Fed lifts rate, says economy picking up
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The Federal Reserve yesterday boosted its key interest rate for the third time in as many months, signaling the economy has rebounded from its recent struggles and inflation remains in check.
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American industry lifted output moderately in July, the Federal Reserve said, a sign the economy may be finding its feet after a mid-summer slip.
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US stocks gained yesterday, 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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Federal Reserve chairman Alan Greenspan and his central bankers gave the national economy a vote of confidence yesterday and raised the key federal funds interest rate by a quarter-point.
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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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Consumers may not notice for another month, but the Federal Reserve yesterday concluded that the that the economy &quot;appears to have regained some traction&quot; and raised its key
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The Federal Reserve boosted a key short-term interest rate by one-quarter percentage point today, marking the third increase this year.
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The Federal Reserve raised a key interest rate another quarter- percentage point Tuesday, continuing its campaign to gradually remove the cheap money stimulus that it used to help jump-start the recovery from the 2001 recession.
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The US Federal Reserve raised US interest rates tonight for a fourth time this year by a quarter percentage point. It cited brightening job prospects, indicating that more increases may lie ahead.
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The U.S. Federal Reserve on Tuesday  raised interest rates for the third time this year by a quarter  of a percentage point and said the economy was regaining  momentum, signaling at least one more to come.
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With the U.S. economy picking up steam, the year's fourth straight interest-rate hike looked like a certainty at Wednesday's meeting of the Federal Reserve's Open Market Committee, economists said.
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The U.S. economy showed signs of  strength with the release of stronger-than-expected retail  sales data on Monday that helped cement views the Federal  Reserve will raise interest rates again this week.
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Federal Reserve officials, citing recent signs of economic improvement, raised a key short-term interest rate Tuesday for a third time this year and signaled that they are
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US stocks rose on Wednesday after the Federal Reserve reassured by indicating that further interest-rate rises were likely to remain at a &quot;measured&quot; pace, as it increased rates by a quarter point.
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U.S. stocks rose on Tuesday after the  Federal Reserve said the economy was regaining some momentum  and raised interest rates for the third time this year.
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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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Satisfied that the economy is back on track, the Federal Reserve is likely to increase interest rates today, and in December as well.