Banks Blog

[at CNBC] - New reports are rolling around Wall Street and Washington today that the Obama Administration is considering yet another economic stimulus package; this round would be for small businesses.

[at MarketWatch] - The Obama administration is looking for stimulus measures that are effective, said Alan Krueger, the Treasury s assistant secretary for economic policy on Friday. The President has asked his economic team to review measures that are targeted and responsible, Krueger told reporters.

[at Reuters] - The Federal Reserve s decision to begin buying Treasuries again was a precautionary step, not the opening salvo in a new policy course, Atlanta Fed President Dennis Lockhart said on Friday.

[at Reuters] - A surge in Brazil s economy in the first half of the year means the country has already secured gross domestic product growth of at least 7 percent in 2010, Finance Minister Guido Mantega said in a conference call with reporters on Friday.

[at MarketWatch] - Growth slowed in the U.S. non-manufacturing sector in August, hitting 51.5%, compared with 54.3% in July, the Institute for Supply Management reports.

[at MarketWatch] - There has been too much alarmist discussion of recent economic indicators and the outlook is not as pessimistic as some have suggested, said Dennis Lockhart, the president of the Atlanta Federal Reserve Bank on Friday.

[at Reuters] - Overhauling the U.S. financial system after the worst crisis since the 1930s will not be easy, but it is critical, Federal Reserve Bank of Chicago President Charles Evans said on Friday.

[at Reuters] - U.S. short-term interest rate futures traders raised expectations of a Federal Reserve rate hike next year, after a government report showed the economy lost fewer jobs in August than expected.

[at MarketWatch] - The U.S. economy shed 54,000 nonfarm jobs in August, the Labor Department reported Friday, a much slower decline than economists anticipated as the health care and temporary staffing industries expanded.

[at MarketWatch] - The U.S. economy shed 54,000 nonfarm jobs in August, the Labor Department reported Friday, a much slower decline than economists anticipated as the private sector created employment.