Economy News
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Analysis: Economy shedding debt but shackled by pessimism
WASHINGTON - Americans are making progress in working down their heavy debt burden, but are struggling to break out of another funk holding back the economy: their deep pessimism.
Fate of payroll tax break uncertain
WASHINGTON - A tax break for 160 million American workers was in doubt on Monday in the face of strong opposition from Republicans in the House of Representatives who have rejected a two-month extension overwhelmingly approved by the Senate over the weekend.
Inflation eases, creates space for Fed stimulus
WASHINGTON - Consumer prices were flat in November as Americans paid less for cars and gasoline, a further sign of a cooldown in inflation that could give the Federal Reserve more room to help a still weak economy.
Fed's Fisher says further monetary easing is "wrong path"
AUSTIN - Europe's debt crisis threatens to throw a strengthening economy off track, but more monetary accommodation from the U.S. Federal Reserve is not the answer, a top Fed official known for his hawkish views on inflation said on Friday.
Dudley: Fed's dollar lines shield U.S. from Europe
WASHINGTON - A top U.S. Federal Reserve official on Thursday defended the central bank's decision to provide dollars for overseas banks stressed by Europe's debt crisis, saying the action was needed to protect the U.S. economy.
NYC faces "extreme" risk from Europe's debt crisis
- New York City's economy faces an "extreme downside risk" from Europe's debt crisis because its banks hold over $1 trillion of assets in the city, where they are active lenders, according to a new report released on Thursday.
Industrial output sees first drop since April
WASHINGTON - Industrial output declined in November for the first time in seven months as manufacturing activity slumped, countering recent signs of improvement in the economy.
Fisher says more Fed easing is "wrong path"
AUSTIN - More monetary stimulus from the U.S. Federal Reserve would be the "wrong path," despite the threat the simmering European debt crisis is posing for the U.S. economy, a top Fed official known for his hawkish views on inflation said on Friday.
Fed won't bail Europe out, Bernanke tells lawmakers
WASHINGTON - Federal Reserve Chairman Ben Bernanke told Republican senators on Wednesday the Fed can't and won't provide bailout funds to support European banks or nations, lawmakers said.
Manufacturing can thrive but struggles for respect
BOSTON - On a quiet stretch of the waterfront here, about a mile from Boston's main tourist sites, a Gillette factory hums along 24 hours a day making an unlikely commodity: top-of-the-line razors.
Markets
- U.S.
- Europe
- Asia
- Sectors
| DOW | 11,866.39 |  -2.42 |
-0.02% |
| S&P; 500 | 1,219.66 |  +3.91 |
+0.32% |
| NASDAQ | 2,555.33 | +14.32 |
+0.56% |
| TR US Index | 110.62 | +0.48 |
+0.44% |
Sector Summary
| Energy | +0.51% |
| Basic Materials | -0.12% |
| Industrials | -0.07% |
| Cyclical Goods & Services | -0.10% |
| Non-Cyclical Goods & Services | -0.06% |
| Financials | +0.10% |
| Healthcare | -0.11% |
| Technology | +0.33% |
| Telecoms | -0.08% |
| Utilities | -0.27% |
U.S. inflation: bursting through the core
U.S. inflation is coming down, potentially giving the Fed room to ease monetary policy further if Europe's crisis spills over.
Munis are the star performer of 2011
The easy money in municipal bonds was made this year as investors bought bonds on the cheap after the Whitney scare and rode them to par. Those conditions won't exist in 2012, but muniland should likely remain a preferred flight-to-quality venue for investors.
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