The Federal Reserve seems likely to keep interest rates at record lows for several more months after news Friday that consumer prices excluding food and energy fell in January.
It was the first time such prices have fallen in any month since 1982.
The tame report on consumer prices sent a positive signal to investors and borrowers. [...]
Posts Tagged ‘Dow Jones Industrial’
Low inflation gives Fed room to keep rates down
February 20th, 2010 by Financial Writer
Tags: borrowers, businesses, Dow Jones Industrial, economic recovery, Federal Reserve, global financial markets, investors, low inflation
more...Companies boost productivity and put off hiring
February 4th, 2010 by Financial Writer
Employers are managing to boost production without creating new jobs. The question is when they’ll feel the need to ramp up hiring.
Squeezing more output from their existing staffs allowed companies to boost productivity in the October-December quarter. And last week, the number of people filing new claims for jobless aid rose. The two Labor Department [...]
Tags: Dow Jones Industrial, productivity, recessions, unemployment, us economist
Market’s big ‘09 rally offers relief after awful ‘08
January 3rd, 2010 by Financial Writer
For investors, 2009 will go down as the year we survived the Great Recession and were able to breathe a huge sigh of relief.
After enduring a near-freefall in the early, panicky months of the year, the stock market mounted a tremendous rally in the final nine months, sending major indexes up more than 60 percent [...]
Tags: Dow Jones Industrial, financial crisis, great depression, great recession, stock market
Stocks end at 2009 highs
September 10th, 2009 by Financial Writer
Wall Street cheers as strong debt auction, P&G forecast, Geithner comments and drop in jobless claims draw investors.
Stocks surged Thursday, with the major gauges ending at the highest point in nearly a year, having responded strongly to a debt auction and Procter & Gamble’s improved forecast.
The Dow Jones industrial average (INDU) gained 80 points, or [...]
Tags: Debt, Dow Jones Industrial, jobless, Nasdaq composite, recession