Economy

“Extraordinarily, this debate is occurring at the very moment the Fed — shackled by its bloated asset holdings and the resulting excess reserves of the banking system — has less ability to control interest rates […]

The number of Americans filing applications for jobless benefits fell marginally last week to near a 49-year low, pointing to underlying strength in the labor market. Initial claims for state unemployment benefits dropped 1,000 to […]

U.S. home price growth slowed in October, a likely consequence of higher mortgage rates having worsened affordability and causing sales to fall. The S&P CoreLogic Case-Shiller 20-city home price index rose 5 percent from a […]