News
CNN Money | Fed says economy improving a little
The Federal Reserve decided Wednesday to reduce its monthly bond purchases -- one of its key efforts to stimulate the economy -- to $45 billion starting in May, down from the prior rate of $55 billion.
Econ Comments & Analysis
Bloomberg | Fed to Keep Trimming Stimulus as Economy Shakes Off Stall
Growth “has picked up recently,” the Federal Open Market Committee said yesterday in a statement in Washington, hours after a government report showed gross domestic product barely expanded in the first quarter. “Household spending appears to be rising more quickly.”
Blogs
WSJ | U.S. Inflation Ticks Up But Lags Far Behind Fed Target
Tucked inside Thursday’s report on consumer spending and personal income from the Commerce Department was the Fed’s preferred inflation measure, the price index for personal consumption expenditures. It rose 0.2% in March from the prior month, and was up 0.2% excluding the volatile categories of food and energy.
