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ALL 18 BANKS REQUIRED TO PARTICIPATE in the first round stress test exam demonstrated an ability to withstand a hypothetical financial shock. / COURTESY FEDERAL RESERVE

Goldman, Morgan Stanley do better in Fed stress tests after 2018’s...

NEW YORK – Goldman Sachs Group Inc. and Morgan Stanley improved on last year’s poor results in the first round of the latest Federal...
THE FEDERAL RESERVE left their key interest rate in a range of 2.25% to 2.5% on Wednesday. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed scraps ‘patient’ rate approach in prelude to potential cut

WASHINGTON – The Federal Reserve indicated a readiness to cut interest rates for the first time in more than a decade to sustain a...
THE NEW YORK Fed’s Empire State Manufacturing Survey’s main index fell by 26.4 points, the largest monthly decline on record, to minus 8.6 in June. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT

New York Fed factory gauge drops by record to lowest since...

WASHINGTON – A Federal Reserve survey of factories in New York State plunged in June by the most on record, adding to signs tariffs...
UNITED STATES manufacturing output rose 0.2% in May after falling 0.5% in the prior month. / BLOOMBERG NEWS FILE PHOTO/TY WRIGHT

U.S. factory output rose in May amid trade war uncertainty

WASHINGTON – United States factory production expanded in May for the first time since December on gains across sectors that signal the manufacturing sector...
U.S. RETAIL SALES overall sales rose 0.5% in May. / BLOOMBERG NEWS FILE PHOTO/ARIANA LINDQUIST

U.S. retail sales post broad rise, prior months revised up

WASHINGTON – United States retail sales posted a broad-based gain in May and the prior two months were revised higher, suggesting consumer spending is...
THE UNITED STATES consumer price index increased 1.8% year over year in May. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE

U.S. core inflation cools, bolstering case for Fed rate cut

NEW YORK – A closely-watched measure of United States inflation trailed forecasts in May as prices fell for used vehicles, reinforcing the case for...
EXCLUDING FOODS and energy, United States producer prices increased 2.3% in May from a year earlier. / BLOOMBERG NEWS FILE PHOTO/TY WRIGHT

Underlying U.S. producer prices rise at slowest pace in year

NEW YORK – A measure of underlying United States producer prices rose at the slowest pace in more than a year, signaling inflation pressures...
UNITED STATES consumer debt expanded $17.5 billion in April. / BLOOMBERG NEWS FILE PHOTO

Consumer credit in U.S. rises in April by most in 5...

NEW YORK – United States consumer debt increased by the most in five months in April and topped estimates, suggesting more upbeat sentiment among...
THE FED'S Beige Book for economic activity from April through mid-May said activity in New England continued to expand at a moderate pace, but noted that local manufacturers had cited tariffs and China as having impacts on their businesses. / COURTESY FEDERAL RESERVE

Feds: N.E. economy continues to expand at moderate pace, manufacturers affected...

PROVIDENCE – The New England economy continued to expand at a moderate pace from April through mid-May, according to the Federal Reserve’s Beige Book...
U.S. STOCKS climbed the most since January Tuesday. / BLOOMBERG NEWS FILE PHOTO/ MICHAEL NAGLE

Stocks jump most since Jan. on jolt from Powell

NEW YORK – United States stocks climbed the most since January as Federal Reserve Chairman Jerome Powell signaled an openness to rate cuts and...
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