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Saturday, March 24, 2018

Consumer Spending Bolsters U.S. Second-Quarter Growth

Gross domestic product expanded at a 2.3 percent annual rate, the U.S. Commerce Department said on Thursday.

July 30, 2015

Fed Rejects 5 Banks’ Capital Plans, Including Citigroup

Washington (AFP) – The Federal Reserve approved the capital plans of 25 major U.S. banks after stress tests Wednesday, but turned down those of five others, including Citigroup’s. The Fed said four of the five — Citi, HSBC North America, RBS Citizens Financial and Santander Holdings USA — had “qualitative” shortfalls in their capital foundations, […]

March 26, 2014

Fed Cuts Stimulus, Says Weather Hurt Growth

Washington (AFP) – The Federal Reserve cut back its stimulus program by another $10 billion Wednesday despite the recent U.S. economic slowdown, which it blamed “in part” on severe winter weather. The Federal Open Market Committee reduced stimulus spending to $55 billion a month, saying the broader economy has “sufficient underlying strength” to support continued […]

March 19, 2014