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A collection of news and information related to Federal Reserve published by Tribune Company sources.
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1216 items on Federal Reserve
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Fund manager sees $1 trillion in write-downs
From Chicago Tribune news servicesFalling U.S. home prices will force financial firms to write down $1 trillion from their balance sheets, crimping bank lending and sparking sales of assets, said closely watched investor Bill Gross, who manages the world's biggest bond fund, PIMCO Total...Tags: Lower House, Financial and Business Services, Merrill Lynch & Company Inc., House, Fannie Mae
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Is Overdraft Protection Worth It?
Associated PressMy bank offers overdraft protection. Should I use it? If you are known to bounce a check from time to time, you need a system in place to keep you from paying hefty fees. But be aware of what protection you're signing up for. "Bounce coverage" for many...Tags: Credit and Debt, Online
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Stocks Tumble After Sales of Existing Homes Fall
Associated PressNEW YORK -- Wall Street abruptly ended an earnings-driven rally and closed sharply lower Thursday after a steeper-than-expected decline in existing home sales and worries about the financial sector chilled the market's recent optimism. The major...Tags: General Electric Company, Merrill Lynch & Company Inc., New York Mercantile Exchange, Fannie Mae, Financial Markets
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Dollar can't buck the trend lower vs. peso
Los Angeles Times Staff WriterThe super peso is back. As rising interest rates draw capital south of the border, Mexico's currency is trading near a six-year high against the U.S. dollar and is poised to crack the psychological 10-peso-to-the-buck barrier. The peso closed at 10.007...Tags: Economic Policy, Inflation and Deflation, Morgan Stanley Dean Witter & Company, Texas, New York
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Oil Prices Lowest Since Early June
Oil prices shed nearly $4 Wednesday, tumbling below $125 a barrel for the first time since early June on growing fears that high prices and the weak economy are destroying demand. Light, sweet crude for September delivery dropped $3.98, to settle at...Tags: New York Mercantile Exchange, Government, Bankruptcy, Prices, Wright Express Corporation
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Beige book reports gray economy
From Chicago Tribune news servicesThe country slogged through slower economic growth and rising prices during the summer, packing a double whammy to consumers and businesses alike. The Federal Reserve's beige book, a new snapshot of business conditions released Wednesday, underscored the...Tags: Ben Bernanke, Inflation and Deflation
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Housing help
Sweeping legislation that offers help for every group battered by the mortgage foreclosure crisis will be voted on in coming days. The bill also includes something for almost everyone to hate. But Congress and President Bush should act quickly to make...Tags: Financial and Business Services, Laws, George Bush, Government, Bankruptcy
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Stock futures mixed ahead of housing data
Associated PressWall Street headed for a mixed open Thursday as investors eyed the release of key data on the troubled housing market and sifted through another stream of earnings reports. A fresh reading on sales of existing homes will likely show sales resumed their...Tags: Prices, Wachovia Corp., Wells Fargo & Co., J.P. Morgan Chase & Co., Commodity Markets
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Local bank part of merger
247-4738The parent company of Newport News-based Bay Community Bank and Bowling Green-based Union Bank and Trust is merging the two financial institutions. Union Bankshares Corp. is a collection of community banks that operate independently under a common parent...Tags: Corporations, Government, National Government, Banking, Hampton Roads
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Slow Growth, Rising Prices
The country slogged through slower economic growth and rising prices during the summer, packing a double whammy to people and businesses alike. The Fed's new snapshot of business conditions, released Wednesday, also underscored the challenges confronting...Tags: Ben Bernanke, Government, Inflation and Deflation, Sales, Petroleum Industry
Jul 25, 2008
|Story| Chicago Tribune
Jul 25, 2008
|Story| Associated Press
Jul 24, 2008
|Story| KTLA-TV
Jul 24, 2008
|Story| Los Angeles Times
Jul 24, 2008
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Jul 24, 2008
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Jul 24, 2008
|Story| Chicago Tribune
Jul 24, 2008
|Story| Hampton Roads Daily Press
Jul 24, 2008
|Story| Associated Press
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