Fed QE3 May Top $1 Trillion Amid Political Impasse Businessweek With the balance of political power in Washington maintained by yesterday's presidential election, the Federal Reserve remains the sole source of policy support for a U.S. economy plagued by 7.9 percent unemployment. "If you're going to get stimulus, it's got ...

U.S. Consumer Credit Rose More Than Forecast in September Bloomberg Consumer credit in the U.S. increased in September for a second month, led by a pickup in borrowing for education and automobiles. The $11.4 billion gain followed a revised $18.4 billion jump in August, Federal Reserve figures showed today in Washington.

Former U.S. Fed Chairman Greenspan said Wednesday the U.S. needs to return to fiscal responsibility, and that "all the easy answers have already been tried."

FRANKFURT (Reuters) - The European Central Bank's new bond-buying program allows for unlimited interventions in sovereign debt markets and should dispel concerns about a euro zone break-up, ECB President Mario Draghi said on Wednesday.

MCLEAN, Va., Nov. 7, 2012 /PRNewswire/ -- Freddie Mac (OTC: FMCC) released the results of its third quarter refinance analysis showing homeowners who refinance continue to strengthen their fiscal h...

SIFMA Statement on 2012 Election Results<br/>http://www.sifma.org/news/news.aspx?id=8589940840

By Chief Economist Frank E. Nothaft The U.S. housing market is healing, but how will we know when it's actually "healthy"? Let's use an analogy and say the patient – in this case, the housing market – was running an alarmingly high fever of 103 degrees in 2006, at the height of the boom. The patient collapsed and, after a difficult period of convalescence, now seems to be getting better. Housing starts, sales, and prices are rising, delinquencies and foreclosure inventories are trending down. The question is: What does a national housing market look like at a healthy 98.6 degrees? To deliver the right prognosis, we need to compare the current housing market to the years before the housing peak, but not the peak itself. Let's start by reviewing the latest data on the market's condition. Read More

US futures reverse course, fall on Europe's crisis Businessweek NEW YORK (AP) - Futures are giving up early post-election gains and falling sharply on warnings out of Europe that a broad recession there is now all but certain. Dow Jones industrial futures are down 93 points to 13,108. The broader S&P futures have ...

U.S. stock index futures pointed to a higher open on Wall Street, as both European and Asian shares rallied after President Barack Obama won re-election on Tuesday night.