Federal Reserve draws criticism after mistakenly releasing rate forecast

Staff economists at the Federal Reserve expect a quarter-point US interest rate increase this year, according to forecasts the Fed mistakenly published on its website in a gaffe that drew criticism of its ability to keep secrets.

Finance officials are warning of big risks tied to the global economic recovery

WASHINGTON (AP) — World finance officials said Saturday they see a number of threats on the horizon for a global economy still clawing back from the deepest recession in seven decades, and a potential Greek debt default presents the most immediate risk.

Central banks pick up fewer U.S. Treasury securities-Fed data

NEW YORK, April 9 (Reuters) - Foreign central banks increased their ownership of U.S. Treasury securities more slowly in the latest week, but still brought their Treasuries holdings at the Federal Reserve to their highest level in three months, Fed data on Thursday showed.

Austerity versus growth version 3.0 at G20/IMF

(Reuters) - World policymakers gather in Washington later this week to ponder how to sustain economic recovery at a time when the United States is about to turn off its money taps.

Markets More in Agreement than Fed on Interest Rate Path

Financial-market participants are in closer agreement about where the Federal Reserve will steer interest rates than the central bank’s own policy makers, according to a study by the New York Fed.

Renzi Vows to Press Ahead With His Italian Reform Agenda

Italian Prime Minister Matteo Renzi said he will press ahead with his plan to overhaul the country’s labor market, a top priority in his agenda, even amid opposition from unions and members of his political party.

New home sales fall, but U.S. economy stays on solid ground

(Reuters) - Sales of new U.S. single-family homes fell for a second straight month in July, but a surge in the stock of properties on the market and slower price gains should help stimulate demand in the months ahead.

IMF Cuts 2014 Global Forecast After Slowdowns in China, U.S.

The International Monetary Fund lowered its outlook for global growth this year as expansions weaken from China to the U.S. and military conflicts raise the risk of a surge in oil prices.

Security detail for Fed chairwoman irks neighbors

WASHINGTON—In the Georgetown gated community of Hillandale, residents live in secluded calm governed by some 50 pages of rules banning fences, motorcycles, certain paint colors, tree species and excess dogs and cats (no more than two total per household).

US economy grew 2.4% in fourth quarter

Washington (AFP) - The US economy grew more slowly late last year than previously thought, but there was enough vigor that the Federal Reserve will likely continue reducing its stimulus program, analysts said.

Carney Fight Against Higher Rates Helped by Inflation

Bank of England Governor Mark Carney has won respite in his battle to keep a lid on interest rates after inflation slowed to the 2 percent target for the first time in four years.

Payday loan costs cap unveiled by George Osborne

The chancellor, George Osborne, has executed an audacious and politically significant U-turn by announcing the introduction of a cap on payday loans.

Dollar Falls to Lowest Since February as Fed Retains Stimulus

The dollar fell to its lowest level since February as markets were whipsawed by Federal Reserve communications on keeping monthly bond purchases unabated depending on the strength of the economy.

US economy shows signs of shrugging off higher interest rates

WASHINGTON: US home resales surged in August to a 6-1/2-year high and factories grew busier early this month in the Mid-Atlantic region, signs that rising borrowing costs might be weighing only modestly on the economy.

Producer Prices in U.S. Rose 0.3% in August on Energy, Food

Wholesale prices in the U.S. rose more than forecast in August, reflecting higher costs for food and some fuels.

Dollar Declines for Week Before Fed Considers Stimulus Taper

The dollar had its biggest weekly decline in six weeks as weaker-than-forecast economic data prompted investors to pare bets of an aggressive reduction in monetary stimulus at the Federal Reserve’s policy meeting next week.

Spotlight on the economy: Data wave to show manufacturing without momentum

Wednesday is shaping up to be a busy one on the economics front, with two indicators due on manufacturing as well as reports on inflation and home-builder sentiment.

US Federal Reserve's George says hopes US bond buying can be reduced

JACKSON: The Federal Reserve should scale back US bond purchases to reduce the risks of continuing to expand its balance sheet, a senior central banker said on Friday, noting that the Fed's last statement explicitly stated it could vary the pace of buying.

Ugly Choices Loom Over Debt Clash

The showdown over the nation's debt ceiling could force the government to consider drastic steps to manage its limited cash, including delaying trillions of dollars of payments to employees, Social Security recipients, contractors and others.

Federal Reserve should keep rates low until unemployment hits 6.5%, says Charles Evans

TORONTO/BERLIN: Deep divisions at the Federal Reserve were on display on Tuesday, just two weeks before the US central bank's next policy-setting meeting, with one top Fed official pushing for more easing, and another advocating limits.