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Tag Archives: Economy

Texas Leads Healthiest Housing Markets

Although the housing market was one of the main drivers of the crisis on the U.S. economy, the housing sector has made significant recovery and cities are beginning to find their footing in the market again.

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FOMC Meeting Deems Economy Unprepared for a Rate Increase

Although Federal Reserve officials determined that economic activity is expanding moderately and job gains are increasing, the federal funds rate will remain the same at a target range of 0 to ¼ percent, according to the recent Federal Open Market Committee (FOMC) June meeting.

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Report Finds Mortgage Concerns Are One of the Top Financial Reasons Americans Lose Sleep

More Americans are sleeping better at night knowing that the economy is recovering. Those Americans that are losing sleep over financial stress is declining in the U.S., according to a new CreditCards.com poll. The national poll, commissioned by CreditCards.com, also found that 62 percent of adult Americans are losing sleep over at least one financial problem. This is 7 percentage points lower than the amount in June 2009, the last time this poll was conducted, but higher than 56 percent in 2007.

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Fed: QE3 Asset Purchase Program to End In October

With the substantial improvement in the outlook for the labor market, as judged by the Committee, since the inception of the QE3 asset purchase program two years ago and the broader economy's underlying strength to support ongoing progress toward maximum employment in a price stability context, the Committee decided to conclude the QE3 program this month.

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