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 rule, which five agencies will put to a vote on Tuesday, is named Robert Caplin for The New York Times The rule, which five agencies will put to a vote on Tuesday, is named for Paul A. Volcker, a former Fed chief and Obama adviser.
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.
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.