KANSAS CITY- Federal Reserve Bank of Kansas City President Esther George gives welcome remarks at the Shift Innovation: Community Development Conference- 1330 GMT.» Read More
*Scotland's independence vote next focus, sterling volatility jumps. LONDON, Sept 18- The dollar began European trading on Thursday almost 1.5 percent higher against the yen than 24 hours earlier, after the Federal Reserve sent another shock through the global financial system by raising its projections on future interest rates.
And the Census Bureau says Thursday median household income in the state also remained flat at about $57,000. The national median income was about $52,000 last year. Among New York's neighbors, it was $68,000 in Connecticut; $66,000 in Massachusetts; $70,000 in New Jersey; $52,000 in Pennsylvania and $53,000 in Vermont.
Maine was ranked last in New England for income, and second-to-last behind Rhode Island for the poverty rate. Glenn Mills, chief economist at the Maine Department of Labor's Center for Workforce Research and Information said Maine has lagged the other states in the region for several years when it comes to income.
NEW YORK— More encouraging economic news and friendly signals from the Federal Reserve cheered investors on Thursday, as the stock market climbed to another record high. The gains came a day after the Fed made clear that it's in no hurry to raise a key bank lending rate, easing a major concern for the stock market.
Nearly 970,000 Washington residents, or 14.1 percent, were in poverty in 2013, compared to about 915,000, or 13.5 percent, in 2012, according to the American Community Survey that surveyed people between January and December 2013.
HELENA, Mont.— Montana's poverty rate increased last year, while median income also rose, according to annual poverty figures released Thursday by the Census Bureau. That growth put the state among the top five— with Alaska, Kentucky, Utah and Wyoming— for the biggest median household income increases between 2012 and 2013..
WASHINGTON— Record-low interest rates will be around for at least a few more months, the Federal Reserve made clear Wednesday. "Borrowers should see the writing on the wall," said Greg McBride, chief financial analyst at Bankrate.com.
DENVER— Colorado's poverty rate dropped slightly last year and median income rose, according to annual poverty figures released Thursday by the Census Bureau. Median household income in Colorado rose 2.4 percent in 2013, to $58,823.
CHEYENNE, Wyo.— Wyoming is among the states seeing a decrease in the poverty rate. Meanwhile, the figures show just under 11 percent of Wyoming residents were living in poverty in 2013, down from 12.6 percent the year before. Median income for Wyoming families was $58,750 in 2013, compared to the national median of household income of $52,250.
ALBUQUERQUE, N.M.— New Mexico saw a spike in the number of people living in poverty last year and maintained the nation's second-highest percentage, according to U.S. Census Bureau numbers released Thursday. Only Mississippi had a poverty rate higher than New Mexico in 2013 with 24 percent of that state's residents living in poverty.
MELBOURNE, Sept 18- London copper slipped on Thursday after the Federal Reserve reaffirmed rates will stay low in the short term but suggested hikes may follow more quickly when they do arrive, pushing up the dollar and cutting the price of commodities.
SINGAPORE, Sept 18- Gold tumbled to its lowest in 8-1/ 2 months on Thursday as the dollar index traded near a four-year peak after the Federal Reserve signalled that a faster hike in U.S. interest rates might be on the horizon. *Gold has dropped for five sessions in the last seven as any rise in rates would dim the appeal of non-interest-bearing assets such as bullion.
DALLAS- Federal Reserve Bank of Dallas President Richard Fisher moderates panel, "Perspectives on the Fed's Role in International Crises" before a conference hosted by the Federal Reserve Bank of Dallas- 2100 GMT.
Sept 17- The U.S. Department of Agriculture on Wednesday gave final approval to new genetically modified corn and soybeans developed by Dow AgroSciences that, while heavily criticized by environmentalists and some farmers, are portrayed by Dow as an answer to weed resistance problems that limit crop production.
*Loose Fed policy likely to remain until well into 2017. WASHINGTON, Sept 17- Federal Reserve officials nudged their expected path of interest rate increases higher on Wednesday, but did little to change the outlook for a long slow climb back up to normal monetary policy.
Sept 17- Testosterone replacement therapies should be reserved for men with specific medical conditions that impair function of the testicles, an advisory panel to the U.S. Food and Drug Administration concluded on Wednesday. The FDA is not obliged to follow the advice of its advisory panels but typically does so.
WASHINGTON— The Federal Reserve signaled Wednesday that it plans to keep a key interest rate at a record low because a broad range of U.S. economic measures remain subpar. Walgreen provided enough flu shots last season to protect a population roughly twice the size of Los Angeles.
WASHINGTON— The Agriculture Department has approved the use of genetically modified corn and soybean seeds that are resistant to a popular weed killer. The EPA has said it will rule this fall on Dow AgroSciences' application to market the chemical.
On Wednesday, the Federal Reserve signaled that it plans to keep a key interest rate at a record low because a broad range of U.S. economic measures remain subpar. Earlier in the day, investors were cheered by news reports that China's central bank would inject a total of 500 billion yuan into the five biggest state banks over three months.
NEW YORK— The stock market rose Wednesday after the Federal Reserve told investors to expect low interest rates for a while yet, pushing the Dow Jones industrial average to a record high. The Fed statement put to rest an anxious waiting game among investors that has left the Standard& Poor's 500 index moving between small gains and losses for a week.