federal reserve Archives

Home prices increase by most in 7 years


U.S. home prices jumped 12.1 percent in April from a year ago, the most since March 2006. More buyers and a limited supply of available homes have lifted prices in most cities across the country, a sign of a broad-based housing recovery. “The increase in the number of people looking for a new home often… Read More →

Rising gas prices could curtail consumer spending

by in Business News | Economy

Higher gas prices are crimping consumer spending and slowing the already-weak U.S. economy. And they could get worse in the coming months. The Federal Reserve this week took steps to boost economic growth. But those stimulus measures are also pushing oil prices up. If gas prices follow, consumers will have less money to spend elsewhere.… Read More →

Are You Happy? Ben Bernanke Wants To Know

Ben Bernanke

Ben Bernanke wants to know if you are happy. The Federal Reserve chairman said Monday that gauging happiness can be as important for measuring economic progress as determining whether inflation is low or unemployment high. Economics isn’t just about money and material benefits, Bernanke said. It is also about understanding and promoting “the enhancement of… Read More →

Understanding Economic Concepts, Applying In A Global Perspective

Economic concepts

Within the past few decades we have become a global economy, which adds great opportunity but also risk. Our global economy is affected by many more factors today and is connected deeply with other countries. How does this affect the United Sates? It can affect us in many ways. Before analyzing our global economy it’s… Read More →