Fed holds key rate at 1 percent amid slow bias lift
The Federal Reserve kept the federal funds rate at 1 percent amid signs the economy is perking up after months of listlessness. The unanimous decision aims to support activity with low rates while inflation risk remains a concern for policymakers and markets. Wall Street inched higher as long rates rose on the surprise.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Alan Market Committee
United States
Wall Street
Central Bank
Federal
Bush
Lynn Reaser
Banc of America Capital Management
Reaser
Do Not Call Registry Faces Evasive Telemarketers
Knight Ridder reports the Do Not Call Registry with 30 million numbers is being skirted by marketers. A Missouri sweepstakes offers $25,000 or a car in exchange for contact details and allows calls even for listed numbers. Exemptions rely on political, charitable, opinion or market surveys, or customer business relationships within 18 months.
MENTIONED IN THIS ARTICLE
Washington
Lee’s Summit
Federal Trade Commission
Bulmash
ETL Promotions LLC
Missouri Sweepstakes
How to Block Telemarketers Registry Guide
The article explains registering up to three numbers at do not call sites and by phone to block telemarketers under FTC rules. Blocking starts Oct 1 for numbers registered by Aug 31, with complaints after Oct 1 via official portals and numbers.
MENTIONED IN THIS ARTICLE
Federal Trade Commission
Weaw
Danocall.gov
donotecall_gov
Direct Marketing Association
Direct Marketing Assn
P.O
Farmingdale
Knight Ridder
Stocks rally after Fed keeps rates near record lows
Investors extend buying into a fifth day as the Fed holds the funds rate at 1 percent. Dow rises 92.71 to 9,310.06, Nasdaq up 25.50 to 1,687.01, S&P climbs 9.76 to 990.25 amid optimism of an improving economy and prolonged low rates.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Federal Reserve
Fed
Chris Wolfe
J.P Morgan
Standard & Poor
Richard J. Nash
Victory Capital Management
Dollar holds near range after Fed hold at 43-year low
The dollar rose versus most majors in European trading after the Federal Open Market Committee kept rates at 1 percent. Yen, francs and Canadian dollars gained while the euro and pound fell as investors awaited further economic data. Major stock movers included Deere Clorox Marvel and Schering Plough with mixed results. the Russell 2000 rose 1.7 percent on stronger small-cap sentiment.
MENTIONED IN THIS ARTICLE
New York
Dow Jones/AP
Federal Reserve
Federal Open Market Committee
Nash
Deere
Wall Street
Clorox
Kingsford Charcoal
Marvel Enterprises
J.C. Penney
Schering-Plough
New York Stock Exchange
Spitzer Autoworld drops Lincoln Mercury lines in county
Spitzer Autoworld ended its Lincoln Mercury franchise earlier this month due to weak demand. The Elyria based dealer moved its main operation to Sheffield, leaving Lincoln Mercury service available at Vermilion and Medina for Mazda owners, with Mazda line ending two months earlier.
MENTIONED IN THIS ARTICLE
Elyria
Spitzer Autoworld
Tony Giardini
Spitzer Management
Vermilion
Spitzer
Sheffield
Giardini
Mazda
Dodges
Mitsubishis
Five executives charged in $60 million Chicago trust fraud
Five executives face federal indictments for looting about $60 million from Independent Trust Corp of Hinsdale and an affiliated title insurance firm. The scheme allegedly kept failing businesses afloat by diverting trust funds to inflated salaries and personal expenses, including golf course renovations, with thousands of trust holders harmed.
MENTIONED IN THIS ARTICLE
Chicago
U.S
Patrick J. Fitzgerald
Independent Trust Corp
Hinds
Intrust
Oriand Park
Also Mentioned on This Page
V You
Donotcall.gov
FTC
Robert Bulmash
Private Citizen
Fed News
Lincoln
Mercury
Adrian Burns the
Chronicle-Telegram
Adrian Burns
Abums
Chrondetelegram
Middle Ave
Washington Ave
East Ave
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