A clothing stores advertises zero percent interest payments in Spanish in the border town of Calexico, near El Centro, California. (Photo by David McNew/Getty Images)
The time has come for the Federal Reserve to raise interest rates, a top U.S. central banker said, citing improvements in the labor market."I don't want us to be behind the curve in beginning to normalize interest rates," Kansas City Federal Reserve Bank President Esther George told CNBC. "When you see the economy getting as close as we are to full employment, to stable inflation, it would suggest to me that the time has come to do that." [Full Story]
Related Stories
Neal Asbury: Obama Pushes American Citizens to the Back of the Line for Jobs
When it comes to President Barack Obama, I have always maintained his race has never been a factor in the rejection of his policies.The color of one's skin shouldn't matter in this country.... [Full Story]
U.S. home resales raced to a 10-month high in July and the number of [Full Story]
EBay Inc. is considering a spinoff of PayPal, its fast-growing payments [Full Story]
Bank of America's decision to pay $16.7 billion to settle charges stemming [Full Story]
The $17 billion settlement reached between the government and Bank of [Full Story]
The government has reached a $16.65 billion settlement with Bank of America [Full Story]
There's no shortage of market participants who are bearish on stocks. But [Full Story]
A federal judge clarified when the National Collegiate Athletic Association [Full Story]
An index of U.S. leading indicators rose in July by the most in four [Full Story]
The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to a sustained improvement in labor market conditions. [Full Story]
Sears said Thursday that its second-quarter loss widened as it continues to deal with weak sales.The retailer - which runs Sears and Kmart stores - lost $573 million, or $5.39 per share, for the period ended Aug. 2. That compares with a loss of $194 million, or $1.83 per... [Full Story]
Five months after the U.S. Mint began producing coins made with platinum, sales have all but collapsed as investors continue to favor gold and silver. [Full Story]
There's no shortage of market participants who are bearish on stocks. But very few are as bearish as financial author Harry Dent. [Full Story]
Mortgage rates in the U.S. dropped for a second week, sending 30-year borrowing costs to the lowest point for 2014.The average rate for a 30-year fixed mortgage was 4.1 percent, down from 4.12 percent, Freddie Mac said in a statement. [Full Story]

Market Watch
Company Name or Symbol: 

Click Here for Pre-Market Data

Retype Email:
Zip Code:
Privacy: We never share your email.
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus

Around the Web
Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

© Newsmax Media, Inc.
All Rights Reserved