Correspondent, Washington
Jason's Feed
Sep 19, 2014
Sep 17, 2014
Sep 16, 2014

U.S. poverty rate falls for first time in seven years

WASHINGTON (Reuters) – The share of Americans living in poverty fell last year for the first time since 2006, a sign an improving economy was finally trickling down to the country’s least fortunate households.

Still, the figures from the Census Bureau on Tuesday also showed the average person’s income was essentially flat in 2013 when taking into account inflation, and 8 percent lower than in 2007 when the nation fell into recession.

Aug 29, 2014

U.S. housing regulator seeks more support for poor borrowers

WASHINGTON (Reuters) – The regulator for U.S. housing finance giants Fannie Mae (FNMA.OB: Quote, Profile, Research, Stock Buzz) and Freddie Mac <FMCC.OB) said on Friday it wants the two firms to provide more support to some low-income Americans taking out mortgages and refinancing their home loans.

The Federal Housing Finance Agency released proposed goals for the two state-owned firms for 2015-2017 that would advance agency chief Mel Watt’s aim to widen access to housing credit.

Aug 27, 2014

Stronger hiring boosts outlook for U.S. home sales: Reuters poll

WASHINGTON (Reuters) – Stronger job creation in the United States is making economists more optimistic about the outlook for home resales over the next two years, according to a Reuters poll that showed little change to expectations for house price rises.

The annual pace of existing home sales will likely rise to 5.25 million units in the first three months of 2015 from 5.09 million in the current quarter, according to the poll’s median forecast.

Aug 21, 2014
Aug 20, 2014

U.S. job market gains not yet enough to push forward rate hike -Fed

WASHINGTON, Aug 20 (Reuters) – The Federal Reserve has been
surprised by how quickly the U.S. labor market is healing but
doesn’t want to bring forward a planned rate hike until the
recovery looks more convincing, according to minutes of its last
policy meeting.

Policymakers “generally agreed” improvements in the labor
market over the last year had been “greater than expected,”
according to minutes of the central bank’s July 29-30 meeting
released on Wednesday.

Aug 7, 2014

Fannie Mae, Freddie Mac to send U.S. Treasury $5.6 billion

WASHINGTON (Reuters) – Government-controlled mortgage finance firms Fannie Mae (FNMA.OB: Quote, Profile, Research, Stock Buzz) and Freddie Mac (FMCC.OB: Quote, Profile, Research, Stock Buzz) said on Thursday they will pay U.S. taxpayers a combined $5.6 billion in dividends after another profitable quarter.

Once they make their latest payments in September, they will have returned $218.7 billion to taxpayers in return for the $187.5 billion in aid they received after being placed under the government’s wing at the height of the financial crisis.

Aug 6, 2014

U.S. Treasury to conduct test bond buyback operations

WASHINGTON, Aug 6 (Reuters) – The United States will buy
back debt in the coming quarter for the first time since 2002 to
make sure its computer infrastructure is adequate for any future
buyback operations, the U.S. Treasury said on Wednesday.

The Treasury also said it was holding steady borrowing
amounts for two- and three-year maturities during the coming
quarter, and that coupon auction sizes “will remain steady going
forward.”

Aug 1, 2014

Jobs data bolsters Yellen’s argument on labor market slack

WASHINGTON (Reuters) – The U.S. Federal Reserve has made a big bet that recovery of the labor market is a long way from creating a worrisome surge of inflation. A range of economic data on Friday suggested the Fed has been reading the odds well.

While the Labor Department’s monthly employment report showed more than 200,000 jobs created for the sixth straight month, wages were about flat in the private sector and there was little improvement in America’s blight of long-term unemployment.