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Tag Archives: consumers

Fed plan good for borrowers, not retirees

WASHINGTON  — The Federal Reserve’s plan to keep interest rates super-low for at least two more years is great news for mortgage refinancers and other borrowers. For retirees and others who need interest income? Not so great. Nor will low ...

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Is economic recovery sliding into stupor?

WASHINGTON — Shoppers won’t shop. Companies won’t hire. The government won’t spend on economic stimulus — it’s cutting instead. And the Federal Reserve is reluctant to do anything more. Without much to invigorate growth, the economy may be in danger ...

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Consumers borrowed more for 8th month in May

WASHINGTON — Americans took on more debt in May and used their credit cards more for only the second time in nearly three years, stepping up borrowing just as the economy began to slump and hiring slowed. The Federal Reserve ...

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Wholesale inventories up in May but sales decline

WASHINGTON — Wholesale companies added to their stockpiles for a 17th straight month in May but their sales declined for only the second time in the past 11 months, providing further evidence of the U.S. economy’s slowdown in the spring. ...

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