The stage could be set for stronger growth next year, as a surging stock market and run-up in home values have helped Americans recoup nearly all the wealth they lost in the recession.
The stock market posted slight gains on Monday, following up on its rally in the previous trading session after the job market showed some strength.
U.S. financial regulators, taking a landmark step in the five-year effort to rein in Wall Street, decided to curb some types of trading while largely freeing chief executives from personal responsibility in the final version of the Volcker rule.
Fannie Mae (FNMA) and Freddie Mac, the U.S.- owned mortgage-finance companies, will raise the fees they charge lenders to guarantee loans as part of an effort to shrink their presence in the mortgage market, the Federal Housing Finance Agency said.
The euro traded near its highest in almost six weeks against the dollar before data today forecast to show a rebound in French industrial production.