Articles

Investors to seek clues from Fed on rate increase

The Fed will likely approve a fifth cut in its monthly bond purchases because the job market has strengthened. But no clear signal is expected on when it will start raising short-term interest rates from record lows.

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Savers beware: Fees may be shrinking your 401(k)

A new study finds that the typical 401(k) fees — adding up to a modest-sounding 1 percent a year — would erase $70,000 from an average worker's account over a four-decade career compared with lower-cost options.

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Yellen to investors: Expect continuity at the Fed

Federal Reserve Chair Janet Yellen sought Tuesday to reassure investors that she will support the approach to interest-rate policy that her predecessor, Ben Bernanke, pursued before he stepped down as chairman last month.

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Benchmark stock indexes suffer worst week since 2012

The Standard & Poor’s 500 index retreated 2.1 percent Friday, to 1,790.31, to close at  its lowest level since Dec. 17. The benchmark index declined 2.6 percent this week. The Dow Jones industrial average lost 3.5 percent this week.

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Fed to reduce bond purchases by $10B in January

The Federal Reserve has decided to reduce its stimulus for the U.S. economy because the job market has shown steady improvement. The Fed will trim its $85 billion a month in bond purchases by $10 billion starting in January.

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