Factory orders rise 4.3 percent in March
U S Commerce Department data show March orders for factories climbing 4.3 percent from February, the biggest gain since July 2002 and signaling improving manufacturing demand. The gain came as the Fed kept the federal funds rate at 1 percent while signaling cautious increases ahead. The Dow rose 3.20 to 10,317.20 as industry broadens gains across metals machinery electrical goods autos and appliances.
MENTIONED IN THIS ARTICLE
Washington
America
Commerce Department
Fed leaves key short term rates at 46 year low
The Federal Reserve held the federal funds rate at 1 percent, keeping borrowing costs at a 46 year low. The FOMC signaled policy accommodation could be removed gradually, with economists predicting a gradual rate rise starting this summer as inflation remains contained and the economy expands.
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Fed
Sig
Washington
Federal Reserve
the Greenspan
Federal Open Market Committee
United States
Wall Street
Main Street
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Banc of America Capital Management
Greenspan
Stocks edge higher after Fed announcement
Investors reacted cautiously to the Federal Reserve statement on rates, sending stocks up marginally after the Fed signaled a measured pace for future increases. The Dow rose briefly but settled near 10,317 as analysts weighed the central bank’s flexible stance and timing.
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New York
Federal Reserve
Fed
Open Market Committee
Hugh Johnson
First Albany Corp
Dow
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