Economic policy

FILE - In this Monday, April 10, 2017, file photo, Federal Reserve Chair Janet Yellen speaks on stage as part of a conversation put on by the Gerald R. Ford School of Public Policy at the University of Michigan's Rackham Auditorium in Ann Arbor, Mich. On Wednesday, June 14, 2017, the Fed is set to announce that it’s raising its benchmark short-term interest rate for the third time in six months, a vote of confidence in a slow-growing but durable American economy. (Melanie Maxwell/The Ann Arbor News via AP, File)
June 14, 2017 - 3:30 pm
WASHINGTON (AP) — The Federal Reserve has raised its key interest rate for the third time in six months, providing its latest vote of confidence in a slow-growing but durable economy. The Fed also announced plans to start gradually paring its bond holdings later this year, which could cause long-...
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Specialist Meric Greenbaum works on the floor of the New York Stock Exchange, Wednesday, June 14, 2017. A weak report on retail sales sent bond yields lower and high-dividend stocks like utilities and real estate companies higher. (AP Photo/Richard Drew)
June 14, 2017 - 3:05 pm
NEW YORK (AP) — U.S. stocks are falling Wednesday as energy companies tumble along with oil prices. After a weak retail sales report, investors are looking for safety and buying government bonds and high-dividend stocks. As expected, the Federal Reserve raised interest rates for the third time in...
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Federal Reserve Chair Janet Yellen speaks in Washington, Wednesday, June 14, 2017, to announce the Federal Open Market Committee decision on interest rates following a two-day meeting. The Federal Reserve has raised its key interest rate for the third time in six months, providing its latest vote of confidence in a slow-growing but durable economy. (AP Photo/Susan Walsh)
June 14, 2017 - 3:00 pm
NEW YORK (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): ___ 2:55 p.m. Federal Reserve Chair Janet Yellen says she has not spoken with President Donald Trump about serving a second four-year term in office. Yellen told reporters at a news conference, "So what I...
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FILE - In this March 6, 2017, file photo, home equity and auto loan rates are displayed at a bank in North Andover, Mass. The impact of the Federal Reserve’s fourth interest rate hike in 18 months will range widely for individuals and businesses with loans or income-producing accounts. People with adjustable-rate mortgages or home equity lines of credit will soon pay more, but most would-be home buyers needn’t worry. And auto loan rates won’t likely change much. (AP Photo/Elise Amendola, File)
June 14, 2017 - 2:56 pm
WASHINGTON (AP) — Credit card holders will soon pay more. So will people with adjustable-rate mortgages or home equity lines of credit. But most would-be home buyers needn't worry. And auto loan rates won't likely change much. For savers? Rates should creep up, at least for the highest-yielding CDs...
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FILE - In this Monday, April 10, 2017, file photo, Federal Reserve Chair Janet Yellen speaks on stage as part of a conversation put on by the Gerald R. Ford School of Public Policy at the University of Michigan's Rackham Auditorium in Ann Arbor, Mich. On Wednesday, June 14, 2017, the Fed is set to announce that it’s raising its benchmark short-term interest rate for the third time in six months, a vote of confidence in a slow-growing but durable American economy. (Melanie Maxwell/The Ann Arbor News via AP, File)
June 14, 2017 - 2:48 pm
WASHINGTON (AP) — The Federal Reserve has raised its key interest rate for the third time in six months, providing its latest vote of confidence in a slow-growing but durable economy. The Fed also announced plans to start gradually paring its bond holdings later this year, which could cause long-...
Read More
FILE - In this Thursday, March 23, 2017, file photo, Federal Reserve Chair Janet Yellen steps offstage after speaking at the Federal Reserve System Community Development Research Conference in Washington. There isn’t much suspense about what the Fed will announce when its latest policy meeting ends: That it’s raising its key short-term rate for the third time in six months. But anticipation surrounds the possibility that the Fed could signal policy shifts in a statement it will issue, in updated economic forecasts and in a news conference with Yellen. (AP Photo/Cliff Owen, File)
June 14, 2017 - 2:31 pm
NEW YORK (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): ___ 2:20 p.m. Reaction was muted on financial markets to the Federal Reserve's latest rate increase, which was widely expected by investors. Bond yields didn't move much after the Fed's announcement at 2...
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FILE - In this Monday, April 10, 2017, file photo, Federal Reserve Chair Janet Yellen speaks on stage as part of a conversation put on by the Gerald R. Ford School of Public Policy at the University of Michigan's Rackham Auditorium in Ann Arbor, Mich. On Wednesday, June 14, 2017, the Fed is set to announce that it’s raising its benchmark short-term interest rate for the third time in six months, a vote of confidence in a slow-growing but durable American economy. (Melanie Maxwell/The Ann Arbor News via AP, File)
June 14, 2017 - 2:06 pm
WASHINGTON (AP) — The Federal Reserve has raised its benchmark interest rate for the third time in six months, providing its latest vote of confidence in a slow-growing but durable economy. The Fed also announced plans to start gradually paring its bond holdings later this year, which could cause...
Read More
Specialist Meric Greenbaum works on the floor of the New York Stock Exchange, Wednesday, June 14, 2017. A weak report on retail sales sent bond yields lower and high-dividend stocks like utilities and real estate companies higher. (AP Photo/Richard Drew)
June 14, 2017 - 1:39 pm
NEW YORK (AP) — U.S. stocks are mostly lower Wednesday as energy companies tumble along with oil prices and investors look for safety following a drop in retail sales last month. It was the first decline in more than a year, and investors are buying government bonds and high-dividend stocks. The...
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FILE - In this Thursday, March 23, 2017, file photo, Federal Reserve Chair Janet Yellen steps offstage after speaking at the Federal Reserve System Community Development Research Conference in Washington. There isn’t much suspense about what the Fed will announce when its latest policy meeting ends: That it’s raising its key short-term rate for the third time in six months. But anticipation surrounds the possibility that the Fed could signal policy shifts in a statement it will issue, in updated economic forecasts and in a news conference with Yellen. (AP Photo/Cliff Owen, File)
June 14, 2017 - 1:02 pm
WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): ___ 1:00 p.m. The Federal Reserve is expected to announce plans to lift a key interest rate at 2 p.m. Eastern time. Fed officials are wrapping up their two-day June meeting. Most analysts believe the...
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Specialist Meric Greenbaum works on the floor of the New York Stock Exchange, Wednesday, June 14, 2017. A weak report on retail sales sent bond yields lower and high-dividend stocks like utilities and real estate companies higher. (AP Photo/Richard Drew)
June 14, 2017 - 11:52 am
NEW YORK (AP) — U.S. stocks are lower Wednesday as investors look for safety following a drop in retail sales last month. It was the first decline in more than a year, and investors are buying government bonds and high-dividend stocks and selling bank stocks. Energy companies are dropping along...
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