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Example Headline for Date
Construction Spending Rises in January
AP - Construction spending rose a strong 0.7 percent in January as low mortgage rates continued to bolster home building and nonresidential construction climbed to the highest level in more than two years.
Greenspan sees 'pressing' need on deficit; endorses private pension move
AFP - Federal Reserve Chairman Alan Greenspan urged Congress to act on the 'pressing' problem of the budget deficit, while endorsing the idea of private accounts in the social security pension system.
Bond Prices Finish Mixed
AP - Bond prices finished mixed Wednesday in a session that had traders digesting new testimony by Federal Reserve Chairman Alan Greenspan while looking ahead to a report on jobs.
Greenspan voices support for consumption tax
FT.com - Alan Greenspan on Thursday voiced support for the introduction of a consumption tax, arguing for reforms that will broaden the US tax base.
US Treasury chief praises Bono, but World Bank job going to an American
AFP - US Treasury Secretary John Snow said he expected an American to head the World Bank, but paid tribute to U2 rock singer Bono whose name was put forward by a US newspaper to lead the financial institution.
February's "Goldilocks" Jobs Report
BusinessWeek Online - February's employment report, released Mar. 4, could be described by borrowing a phrase from a famous fairy tale: Not too hot, and not too cold. Indeed, it may have been 'just right' for Wall Street, as it was robust enough to warrant optimism on the economy, but no so strong as to significantly alter the Federal Reserve's 'measured' policy path.
Democrats' Dunkirk
Investor's Business Daily - Reform: Democrats have had some nasty things to say about Fed chief Alan Greenspan in recent days. Why are they so angry at a man whom they once treated with near reverence? Two words: Social Security.
Fed's Moskow: Rates Have Room to Rise
Reuters - The Federal Reserve can continue
raising interest rates at a measured pace, but with less slack
in the U.S. economy, it must be vigilant on inflation, Chicago
Fed President Michael Moskow said on Wednesday.
Jobless Claims Rise, Inventories Grow
Reuters - The number of American workers
filing for first-time jobless benefits rose unexpectedly last
week while inventories at U.S. wholesalers grew in January,
government reports showed on Thursday.
Fed governor takes on 'global savings glut'
FT.com - A 'global savings glut' helps to explain the wide US trade deficit and low long-term interest rates around the world, a top Federal Reserve official said on Thursday.
Dollar firms ahead of key data
FT.com - The dollar moved steadily higher against other leading currencies on Monday as the market waited for a series of data due this week and looked ahead to next week's Federal Reserve meeting.
Greenspan's Tenure Will End In Jan. '06, But Not His Legacy
Investor's Business Daily - For 17 years, Alan Greenspan has been the face of the Federal Reserve. But next January, that face will change when the 79-year-old chairman retires.
Fed Chief: Personal Accts. Would Up National Savings
Investor's Business Daily - Federal Reserve Chairman Alan Greenspan turned Al Gore's logic on its head Tuesday, calling personal accounts the only effective lockbox for protecting the Social Security trust fund.
Jobless Claims Fall for 1st Time in Month
AP - The number of new people signing up for unemployment benefits last week declined for the first time in a month, an encouraging sign that the jobs market may be gaining traction.
Greenspan: More Development Data Needed
AP - Better research is needed to gauge the success of programs that aim to lift communities out of poverty and improve housing for the poor, Federal Reserve Chairman Alan Greenspan said Friday.
Baby boomers hold key to pensions conundrum
FT.com - Alan Greenspan is 79 and still going strong as chairman of the Federal Reserve. More than 62 per cent of Japanese between the ages of 55 and 64 are still in work.
Dollar rises ahead of Fed meeting
FT.com - The US dollar continued to strengthen in European morning trade on Monday, buoyed by suggestions that the Federal Reserve could signal a faster pace of monetary tightening when it meets on Tuesday.
Treasuries higher as market awaits Fed
FT.com - US Treasuries pushed higher and yields dropped on Tuesday as investors digested a reasonably soft report on producer price inflation and awaited the Federal Reserve's interest rate decision.Volatility in General Motors' bonds also encouraged some safe-haven buying of Treasuries.Later, the Fed is expected to raise rates by a quarter-point to 2.75 per cent. There is less certainty about its accompanying statement, particularly whether it will keep the word 'measured' to describe its rate rise stance. ...
Fed shows first signs of becoming less friendly
FT.com - The Federal Reserve on Tuesday left the key policy language unchanged in its statement accompanying the latest quarter point increase in interest rates.
Dollar hits six-week peak against yen
FT.com - US inflation data increased expectations the Federal Reserve may raise interest rates more aggressively than previously thought, buoying the dollar against a weaker yen.
Rising rates aid income investors
USATODAY.com - If you have an adjustable-rate mortgage, you probably quiver at words like, well, 'adjustable' and 'rate' and 'mortgage.' You're probably not too happy with Federal Reserve Chairman Alan Greenspan these days, either. But if you're investing for income, take his picture off the dartboard and send him cookies instead.
Dollar Continues Rally in Asian Trading
AP - The dollar continued its recent rally Tuesday morning in Asian trading amid expectations that the Federal Reserve will continue to hike interest rates.
Economy Closes Out 2004 With Momentum
AP - The economy closed out 2004 with decent momentum and appears to have picked up some speed since then, raising hopes of a better climate for jobs. With the economy chugging ahead — but not too rapidly — Wall Street staged a jubilant rally.
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