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Federal Reserve Governor Randall Kroszner said that small businesses are having a difficult time in accessing credit given the current economic environment. Testifying before the U.S. House Small Business Committee in Washington, DC, Kroszner said that credit to small businesses has tightened substantially...
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The minutes of the Federal Open Market Committee's ( FOMC ) Oct. 28-29 meeting released Wednesday show that board members reduced their GDP forecast down by two percentage points. The Committee believes modest growth will return in the second half of next year and near-potential growth could be restored...
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U.S. nonfarm payrolls fell for the third consecutive month, with the U.S. Labor Department reporting that the U.S. lost 80k jobs in March. The unemployment rate rose to 5.1% in March, higher than the expected 5.0% and above the previous rate of 4.8%. February's jobs figure was revised to a loss of 76k...