Anyone who thinks October's better-than-expected jobs report will make the central bank taper sooner is ignoring the mess in Washington.
FORTUNE -- The monthly jobs report released Friday was better than expected, but anyone who thinks this means the Federal Reserve will start slowing down its economic stimulus program is probably overlooking Washington's dysfunction.
Recall in October, Uncle Sam was forced to partially shut down its offices and services after Congress stalled MORENin-Hai Tseng, Writer - Nov 8, 2013 11:22 AM ET
It's working for some, but don't bet the house on it.
FORTUNE -- In the years following the financial crisis, the most unlikely homeowners have emerged: Hedge funds and private equity investors have been buying up properties at bargain prices and turning them into rentals until they become ripe for a profitable sale. This phenomenon has been widely reported, but less attention has been paid to individual investors who are doubling MORENin-Hai Tseng, Writer - Nov 7, 2013 2:46 PM ET
The credit bureaus haven't signaled they will follow FICO's push to make credit scores free of charge.
FORTUNE -- Earlier this week, FICO, the mother of all credit scores used by most U.S. lenders, announced it would start giving some consumers their credit scores for free.
It's a welcome move for anyone eager to keep up with the status of their financial health, but the nation's three major credit bureaus sell their MORENin-Hai Tseng, Writer - Nov 6, 2013 10:31 AM ET
Economists at the Fed have come up with a handful of indicators they say are encouraging signs that the jobless rate will continue to fall for the right reasons.
FORTUNE -- As the U.S. unemployment rate falls, skepticism grows about any real improvements in the job market.
The share of jobless workers may have fallen to its lowest level since November 2008, but this comes as millions of unemployed scratch their heads wondering how MORENin-Hai Tseng, Writer - Nov 4, 2013 1:54 PM ET
The central bank noted that the housing recovery is slowing, but it's no cause for alarm.
FORTUNE -- The Federal Reserve on Wednesday pressed ahead with its stimulus program of asset purchases and low interest rates. Yup, as widely expected (and reported), the end of its two-day meeting was pretty much a snoozer: For the most part, the central bank made few changes to its description of the state of the economy, MORENin-Hai Tseng, Writer - Oct 31, 2013 10:56 AM ET
The Fed seems most concerned with inflation, but some economists see a bigger risk in prices declining.
FORTUNE -- As Federal Reserve policymakers wrap up their two-day meeting Wednesday, some have called on the central bank to do more to avoid threats of deflation.
Most don't like having to paying higher prices, and the Fed has long tried to stabilize the U.S. economy by keeping the general costs of everything from shelter MORENin-Hai Tseng, Writer - Oct 30, 2013 5:00 AM ET
The government may be open, but consumer confidence won't likely rebound until a long-term budget deal is reached, and that has retailers worried.
FORTUNE -- As if taking the global economy hostage wasn't bad enough, Congress may very well ruin Christmas, too. No, really.
Senate Democratic and Republican leaders on Wednesday may have struck a deal to reopen the government and extend its borrowing authority into next year, but a cloud of MORENin-Hai Tseng, Writer - Oct 17, 2013 9:18 AM ET
At Fortune's Most Powerful Women Summit, Warren Buffett continued to warn against a debt default but remained positive on the economy.
FORTUNE -- As Congress scrambles to lift the nation's borrowing limit and avoid the risks of defaulting on its debt, billionaire investor Warren Buffett joined critics of the debt ceiling, calling the 1930s law originally intended to give the government more flexibility to borrow funds "a weapon of mass destruction."
"It MORENin-Hai Tseng, Writer - Oct 16, 2013 10:57 AM ET
Markets may be calm as Congress struggles to raise the debt ceiling, but a U.S. default threatens the U.S. dollar's dominance in the world.
FORTUNE -- In a long-awaited breakthrough, Congress is inching closer to a deal that would increase the nation's borrowing limit and end a two-week-old government shutdown. The U.S. may just barely miss a default days before the U.S. Treasury exhausts its ability to borrow, but the sigh MORENin-Hai Tseng, Writer - Oct 15, 2013 10:21 AM ET
While the U.S. federal government struggles to avoid default, finances across cities and states are on the mend.
FORTUNE – While the U.S. federal government struggles to gets its finances in order and avoid default, budgets in America's cities and states are improving.
The development is unexpected and a near reversal of the financial strains municipalities went through in the wake of the 2007 financial crisis. Property tax revenue plummeted as home prices MORENin-Hai Tseng, Writer - Oct 11, 2013 10:39 AM ET
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