New Consensus Sees Stimulus Package as Worthy Step

In interviews, a broad range of economists said the White House and Congress were right to structure the package as a mix of tax cuts and spending, rather than just tax cuts as Republicans prefer or just spending as many Democrats do. Read more ...

Unemployment hits 10.2%

The unemployment rate spiked to its highest level since 1983, much worse than expected as employers continue to trim jobs despite other signs of growth. Read more ...

Consumer credit falls for 8th month

Longest streak of declines since Federal Reserve started keeping records 56 years ago. Read more ...

Beige Book Sees Signs That Growth Is Stirring

Regional economies in most parts of the country are on the mend, largely because home sales are rebounding and factories and manufacturers are stirring back to life, the Federal Reserve said on Wednesday. Read more ...

Read the Beige Book Summary ...Click here