Yellen defends Fed’s low interest rate policies
BY: Associated Press WASHINGTON — The No. 2 official at the Federal Reserve said Monday that she does not see any risks at the moment from the Federal Reserve’s low-interest rate policies that would prompt her to urge that the policies be curtailed. Janet Yellen, vice chair of the Fed, provided an aggressive defense of the central bank’s [...] |
Buffett: Low interest rates have boosted stocks
BY: Associated Press Billionaire investor Warren Buffett says stock prices have gotten a boost from low interest rates caused by the Federal Reserve’s stimulus efforts. The chairman and CEO of Berkshire Hathaway Inc. addressed a variety of topics during an interview on CNBC on Monday. He says there’s no question that stock prices are higher than they would [...] |
Consumer prices flat in January for 2nd month
BY: Associated Press WASHINGTON — U.S. consumer prices were flat last month, the latest sign inflation is in check. That could give the Federal Reserve leeway to continue its efforts to stimulate growth. The consumer price index has risen 1.6 percent in the 12 months ending in January, the Labor Department said Thursday. That’s down from a 2.9 [...] |
Housing starts dip but remain at solid pace
BY: Associated Press WASHINGTON — U.S. homebuilders began work at a slower pace in January than in December. But all of the drop occurred in the volatile area of apartment construction, which sank 24 percent. By contrast, the rate of single-family homebuilding rose 0.8 percent. Even with the overall decline, the pace of home construction in January was the [...] |
Factory output falls on weak auto production
BY: Associated Press WASHINGTON — U.S. factories slowed production in January after two solid months of cranking out goods. The weakness mainly reflected a big drop in output at auto factories that is likely temporary. Manufacturing output fell 0.4 percent in January from December, the Federal Reserve said Friday. The decline followed increases of 1.1 percent in December [...] |
Fed says growth pause temporary, keeps up stimulus
BY: Associated Press WASHINGTON — The Federal Reserve said Wednesday that the U.S. economy “paused” in recent months because of temporary factors and reaffirmed its commitment to try to stimulate growth by keeping borrowing cheap for the foreseeable future. The Fed took no new action at its two-day policy meeting. But it stood behind aggressive steps it launched [...] |
Economists growing more upbeat about year ahead
BY: Associated Press NEW YORK — Economists are increasingly, but still cautiously, optimistic about growth in the year ahead with the hiring expected to pick up in coming months. A quarterly survey by the National Association for Business Economists released Monday shows half of the economists polled now expect real gross domestic product — the value of all [...] |
Relief ahead on personal property tax?
|
Transcripts show Fed underestimated crisis in 2007
BY: Associated Press WASHINGTON — Federal Reserve officials in 2007 underestimated the scope of the approaching financial crisis and how it would tip the U.S. economy into the worst recession since the Great Depression, transcripts of the Fed’s policy meetings that year show. The meetings occurred as the country was on the brink of the worst financial crisis [...] |
Retail sales rose 0.5 percent in December
BY: Associated Press WASHINGTON — U.S. consumers increased their spending at retail businesses in December, buying more autos, furniture and clothing. Steady job growth and lower gas prices kept consumers shopping for the holidays, despite worries about potentially tax increases. Retail sales rose 0.5 percent in December from November, the Commerce Department said Tuesday. That’s slightly better than [...] |
Legal News
- Judge: No same-day access to Manning docs
- Court of Special Appeals: Illness, threat doom prenup
- CSX sues truck driver in Baltimore-area derailment
- Opinions – 6/20/13: 4th U.S. Circuit Court of Appeals
- Opinions – 6/20/13: Maryland Court of Special Appeals
- Law digest – 6/20/13
Must be a subscriber to view | Subscribe nowBusiness News
- $300 million redevelopment planned for Towson
- Joe Nathanson: Walkable urban places
- Md. tech industry leaders talk shop
- Bookworm: Not too late to give yourself the business
- Idea clicks: UM launches online MBA program
- Richard Bock: Dad and grad businesses
Must be a subscriber to view | Subscribe now
Subscriber only access - Access now
Maryland Family Law Monthly
Subscribers can click here to read our monthly compilation of current reported and unreported family law opinions from the Maryland courts of appeal. Not a subscriber? Click here to sign up.
|
Maryland Moment – Storm clouds over Stevenson
An early-morning wave of storm clouds moves through Stevenson on Thursday. (Maximilian Franz/The Daily Record)
Copyright © 2012, Maryland Daily Record 11 E. Saratoga Street, Baltimore, MD, 21202 · Tel: 443-524-8100