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Greenspan Says Yellen Was His Guide to Economics Research at Fed

Former Federal Reserve Chairman Alan Greenspan said that Janet Yellen would be a “great” chief of the central bank and that he relied on her to explain the newest academic research in economics while the two served together.

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Fed Maintains Pace Of Bond-Buying Program

As expected, the Federal Reserve on Wednesday voted to maintain their $85 billion per month asset purchase program.

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U.S. Weekly Jobless Claims Pull Back By Less Than Expected

After reporting a sharp jump in first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing that initial jobless claims pulled back by less than expected in the week ended October 12th.

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U.S. Creates 148,000 Jobs In September, Well Below Expectations

Employment in the U.S. increased by much less than expected in the month of September, according to a report released by the Labor Department on Tuesday.

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Bullard: Taper Still Possible In October

The Federal Reserve could begin to taper its massive bond-buying program in October if the economy continues to improve, according to a prominent voting member at the central bank.

"October is a live meeting," St. Louis Fed President James Bullard said Friday morning on Bloomberg TV.

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U.S. Employment Rises Much Less Than Expected In September

Employment in the U.S. increased by much less than expected in the month of September, according to a report released by the Labor Department on Tuesday.

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U.S. Factory Orders Up 0.7 Percent In May, Higher Than Expected

U.S factory orders posted a stronger than expected rebound in May buoyed by orders of ships, boats and aircraft, according to figures released Tuesday by the Commerce Department.

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U.S. Weekly Jobless Claims Dip To 358,000 Amid Continued Distortions

After reporting a sharp jump in first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing that initial jobless claims pulled back by less than expected in the week ended October 12th.

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OECD Area Inflation Weakens For Third Month

Consumer price inflation in the Organization for Economic Cooperation and Development (OECD) area slowed for the third consecutive month in May, latest data showed.

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