Blog

U.S. monetary authorities did not intervene in the foreign exchange markets in the third quarter as the dollar fell broadly against major and emerging market currencies, the Federal Reserve Bank of New York said.

The federal deficit hit a record for October as the new budget year began where the old one ended: with the government awash in red ink.

Capitalism is still alive and well, say the world’s two richest men, despite lingering shocks from the longest, deepest recession since the Great Depression.