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USA Economy |
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WSJ.com: Economy
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Economy
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Jobs Data Show Growth Is Sustained
The U.S. economy added more jobs in January than in any month since early last year, pushing down the jobless rate to a level not seen since Obama's first full month in office.
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Fed Likely to Keep Rates Low, Despite Jobs News
The Fed is unlikely to change its plans to keep rates low until it sees more evidence to add to January's strong jobs figures that growth is ramping up.
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Recovery Redraws Labor Landscape
Friday's jobs report showed broad-based hiring in January, with private-sector employers from nearly all industries adding workers.
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Greece Bailout Talks Bode Ill for Lisbon
As Greek debt-restructuring talks showed more signs of delay, the plodding negotiations have been bad news for Portugal's creditors, who fear they also may be force-fed tough terms.
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Rösler Opposes ECB Write-Down on Greece
Germany's economy minister rejected demands to involve the ECB directly in efforts to reduce Greece's debt as international pressure is growing on the central bank to accept a haircut on its huge cache of Greek bonds.
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China Tamps Down Europe Aid Fears
Chinese Premier Wen Jiabao sought to assuage concerns over Chinese investment in Europe, saying China has no intention to "buy" the continent.
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Euro-Zone Data Give Differing Outlooks
Euro-zone private-sector activity returned to modest growth in January, but a fall in consumer spending in the run-up to Christmas added to doubts over the region's longer-term prospects.
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U.K. Services Sector Expands
Activity in the U.K.'s dominant services sector accelerated in January, raising hopes the British economy can avoid recession.
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Banks Sued Over Mortgage Registry
New York's attorney general sued BofA, J.P. Morgan and Wells Fargo over a private national mortgage registry system, contending it has resulted in a wide range of deceptive and fraudulent foreclosure filings.
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Fed May Sell More AIG Bonds as Risk Hunger Picks Up
The New York Fed is asking for bids on some $6 billion in residential mortgage-backed securities from its Maiden Lane II portfolio it took on as part of the 2008 bailout of American International Group.
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