The job market is still healing

Justin Sullivan/Getty Images This election season had enough October surprises, right? At least the jobs report for last month didn’t dump another one on us. The employment data that arrived on Friday was largely as expected: The jobless rate fell back to 4.9 percent, and hiring continued at a familiar pace, helping to remove further slack from…

The Fed keeps its hands off rates

Win McNamee/Getty Images The Federal Reserve’s rate-setting panel has opted to leave interest rates where they’ve been in since December. That means the federal funds rate, the rate at which banks and credit unions lend money to other institutions overnight, stays between 0.25% and 0.5%. The prime rate and rates on home equity lines of…

Fed sees job market picking up

Federal Reserve Board Chair Janet Yellen. Mark Wilson/Getty Images The nation’s economy continues to expand at a less-than-blistering pace, according to the latest regional round-up prepared by the Federal Reserve. At the same time, the Fed’s latest Beige Book survey of economic activity notes that the job market has tightened in many areas of the…

Yelle: Case for rate rise strengthened

Getty Images Federal Reserve Chair Janet Yellen says the case for an interest rate increase has been bolstered by a steadier U.S. economy. Whether that actually translates to agreement soon on a rate boost remains to be seen. In her highly-anticipated speech at a conference of central bankers in Jackson Hole, Wyoming, Yellen noted that…

Fed: Real estate loan demand jumped in Q2

©Andy Dean Photography/Shutterstock.com Demand for residential real estate loans strengthened in the second quarter over the previous period, a Federal Reserve survey said. Demand also spiked for home equity lines of credit. That’s according to the Fed’s Senior Loan Officer Opinion Survey on Bank Lending Practices released late last month. It’s based on responses from…

The Fed keeps us guessing about rates

Federal Reserve Board Chair Janet Yellen. Win McNamee/Getty Images The nation’s interest rate minders might be getting itchy trigger fingers. Minutes released from the Federal Reserve’s most recent policy-setting meeting, in July, indicate that some officials thought a rate increase was warranted — or might soon be. The notes indicate that the Fed believed financial and economic…