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White House Government Agencies

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  • NEW YORK— Acco Brands Corp. is recalling about 3.3 million wall-mounted dry erase boards after customers said they cut their hands, fingers and feet while removing the board from a wall. The U.S. Consumer Product Safety Commission says metal can be exposed when the board is taken down from a wall. The boards were sold under the Quartet brand at Ace Hardware, Office...

  • *Second-quarter GDP expands at 2.3 percent rate. WASHINGTON, July 30- U.S. economic growth accelerated in the second quarter as solid consumer spending offset the drag from weak business spending on equipment, suggesting a steady momentum that could bring the Federal Reserve closer to hiking interest rates this year. Gross domestic product expanded at a 2.3...

  • July 30- U.S. stocks were set to open lower on Thursday after data showed that the U.S. economy grew at a slower-than-expected pace in the second quarter even as the Federal Reserve left doors open for a possible rate hike in September. Gross domestic product expanded at a 2.3 percent annual rate, the Commerce Department said, but economists had expected a 2.6...

  • *Second-quarter GDP expands at 2.3 percent rate. WASHINGTON, July 30- U.S. economic growth accelerated in the second quarter as a pick-up in consumer spending offset the drag from soft business spending on equipment, suggesting a steady momentum that could bring the Federal Reserve closer to hiking interest rates this year. Gross domestic product expanded at a...

  • LONDON, July 30- The dollar jumped and stock markets around the world were left flat-footed on Thursday after the Federal Reserve painted a relatively bright picture of the U.S. economy, boosting bets that it will hike interest rates in September. Big name companies set to report include Colgate-Palmolive, Coca-Cola, Mondelez International before the bell and...

  • LONDON, July 30- Gold fell more than 1 percent on Thursday, trading close to a 5-1/ 2- year low hit last week, as the dollar jumped after the Federal Reserve left the door open for a rate rise in September and ahead of U.S. Spot gold dropped 1.3 percent to a session low of $1,081.85 an ounce in earlier trade, not far from its cheapest since February 2010 at $1,077 hit after a...

  • MANILA, July 30- Gold fell more than 1 percent to near its weakest level since early 2010 on Thursday, as the dollar jumped ahead of U.S. economic data that is likely to strengthen expectations for an interest rate hike by the Federal Reserve in September. Spot gold dropped 1 percent to $1,084.46 an ounce by 0659 GMT, after hitting a low of $1,081.85.

  • TOKYO, July 30- Japanese government bonds edged down on Thursday, tracking U.S. Treasuries which dropped after the U.S. Federal Reserve left the door open for an interest rate hike as early as September.

  • *Second-quarter GDP forecast to rise at 2.6 percent rate. WASHINGTON, July 30- U.S. economic growth likely accelerated in the second quarter as a pick-up in consumer spending and housing offset the drag from trade and the energy sector, suggesting a steady momentum that could bring the Federal Reserve closer to hiking interest rates this year.

  • WASHINGTON— Expectations have grown that sometime this year, the Federal Reserve will raise interest rates from record lows. The only question seems to be when. Many analysts foresee the first hike in September, though Fed Chair Janet Yellen has stressed that any increase will be driven by the latest economic data.

  • *U.S. central bank keeps door open to September rate hike. TOKYO, July 30- The dollar firmed to a near one-week high on Thursday ahead of U.S. gross domestic product data that could reinforce expectations that the Federal Reserve is on track to raise interest rates as early as September. "We're seeing some pretty good follow-through, in terms of U.S. dollar-buying,...

  • MANILA, July 30- Gold dipped towards its weakest level since early 2010 on Thursday after the Federal Reserve said the U.S. economy continues to strengthen, supporting a potential interest rate rise when the Fed meets again in September. It sank to as low as $1,077 last week, its weakest since February 2010, after a selloff in New York and Shanghai and has since...

  • MANILA, July 30- Gold hovered not far from a 5-1/ 2- year low early on Thursday after the Federal Reserve said the U.S. economy and job market continue to strengthen, supporting a possibile interest rate rise when the Fed meets again in September. *Spot gold was flat at $1,096.75 an ounce by 0036 GMT. It sank to as low as $1,077 last week, its weakest since February 2010,...

  • TOKYO, July 30- The dollar held steady in cautious trade on Thursday, ahead of U.S. gross domestic product data that could reinforce or dent expectations that the Federal Reserve is on track to raise interest rates as early as September. The GDP report "may boost the appeal of the greenback and spark a further decline in EUR/USD as signs of a stronger recovery fuels...

  • How the Dow Jones industrial average fared on Wednesday Wednesday, 29 Jul 2015 | 5:20 PM ET

    U.S. stocks rose on Wednesday after Federal Reserve policymakers voted to keep interest rates unchanged and gave no indication that a rate rise was imminent. A modest rebound in Chinese stocks also helped push the stock market higher. The Dow Jones industrial average rose 121.12 points, or 0.7 percent, to 17,751.39.

  • July 29- The Federal Reserve, it seems, is still waiting for the economic equivalent of perfection and risks squandering a good opportunity to begin normalizing interest rates. While this may be part of a well-intentioned effort to prepare the ground for investors and avoid a market shock when the increase finally comes, every delay only further reinforces...

  • WASHINGTON, July 29- The U.S. economy and job market continue to strengthen, the Federal Reserve said on Wednesday, leaving the door open for a possible interest rate hike when central bank policymakers next meet in September. Following their latest two-day policy meeting, Fed officials said they felt the economy had overcome a first-quarter slowdown and was "...

  • FOREX-Dollar rises as Fed's jobs view hints at rate hike Wednesday, 29 Jul 2015 | 3:35 PM ET

    NEW YORK, July 29- The dollar rose modestly against a basket of currencies on Wednesday as the Federal Reserve upgraded its view of the labor market, supporting some traders' opinion that it would raise benchmark U.S. interest rates, perhaps as early as September. Although inflation has remained below the Fed's 2 percent target and overseas developments...

  • *Corporate earnings lift U.S., European stocks. NEW YORK, July 29- Global equity markets rose on Wednesday, lifted by strong U.S. and European corporate earnings and a Federal Reserve statement that said the U.S. economy continues to strengthen, adding to expectations that an interest rate hike is getting closer. "The Fed is taking baby steps towards a rate hike," said...

  • US agency says it is 'deeply concerned' about lion kill Wednesday, 29 Jul 2015 | 3:21 PM ET

    WASHINGTON— The U.S. Fish and Wildlife Service says it is ready to assist Zimbabwe in its investigation of an American dentist's killing of a protected African lion and will conduct its own probe. Laury Parramore of the Fish and Wildlife Service on Wednesday declined to say what the agency might do once it has more information. Police have not said whether Palmer...