WASHINGTON (Reuters) - Household net worth hit a record high in the third quarter as home prices marched up and the value of stocks and mutual funds surged, a hopeful sign for the economic recovery.
Federal Reserve Bank of Dallas President Richard Fisher said the U.S. central bank should begin dialing back its asset purchases as soon as possible in an economy that doesn't need any more monetary stimulus.
General Motors assembly workers work on a Cadillac at a plant in Lansing, Mich. Rebecca Cook/Reuters General Motors assembly workers work on a Cadillac at a plant in Lansing, Mich.
NEW YORK -- Wall Street saw a modest lift in stock prices Monday, pushing the broad S&P 500 above its record close and extending the gains from Friday that were sparked by a stronger-than-expected reading on job growth.
... Print. * Robust China trade data a promising sign for global growth. * Three Fed officials speak on outlook for stimulus reduction.