Fed: Rates To Stay Ultra-Low Even After Inflation Picks up

WASHINGTON — The Federal Reserve announced a significant change Thursday in how it manages interest rates by saying it plans to keep rates near zero even after inflation has exceeded the Fed’s 2% target level. “The economy is always evolving. Our revised st...
Photo of the Capitol

Budget Deficit to Break $1 Trillion Despite Strong Economy

WASHINGTON — An annual congressional report says the U.S. budget deficit is likely to burst through the symbolic $1 trillion barrier this year despite a healthy economy. “As a result of those deficits, federal debt would rise each year, reaching a percentag...
Photo of a woman looking at her phone

Goodbye Robocalls? Probably Not.

NEW YORK — An anti-robocalls measure signed into law Monday by President Donald Trump should help reduce the torrent of unwanted calls promising lower interest rates or pretending to be the IRS, though it won't...
Photo of Gordon Charlop, center, and Christian Bader working at the New York Stock Exchange

Stocks Edge Higher; S&P 500 Heads for Another Week of Gains

NEW YORK — U.S. stocks edged higher in midday trading on Friday as solid gains from health care companies offset a sliding technology sector. The index is headed for a fourth straight weekly gain, even after some volatility during the week caused by a swing...
Photo of Florida job applicants

US Adds 224,000 Jobs, Making Fed Rate Cut Less Certain

WASHINGTON — U.S. employers sharply stepped up their hiring in June, adding a robust 224,000 jobs, an indication of the economy's durability after more than a decade of expansion. The unemployment rate ticked up to 3.7% in June from 3.6% for the previous two ...