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Economy grows at 3.5 percent pace in 4Q
Jan 31 2007 6:31PM (CT)
WASHINGTON (AP) - The economy snapped out of a sluggish spell and grew at a faster-than-expected 3.5 percent pace in the final quarter of last year as consumers ratcheted up spending despite a painful housing slump.
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Fed holds interest rates at 5.25 percent
Jan 31 2007 5:44PM (CT)
WASHINGTON (AP) - Pointing to a revved-up economy and encouraging news on inflation, the Federal Reserve held interest rates steady on Wednesday and extended a half-year breather for U.S. borrowers. Wall Street surged in response.
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Fed holds interest rates at 5.25 percent
Jan 31 2007 5:44PM (CT)
WASHINGTON (AP) - Pointing to a revved-up economy and encouraging news on inflation, the Federal Reserve held interest rates steady on Wednesday and extended a half-year breather for U.S. borrowers. Wall Street surged in response.
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Compensation costs up 0.8 percent in 4Q
Jan 31 2007 8:59AM (CT)
WASHINGTON (AP) - Employers' costs to hire and retain workers moderated in the final quarter of 2006, which could ease concerns about the development of inflation pressures.
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