Page 25 - Michael Gapen News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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The Federal Reserve appears to be creeping closer to an outcome that its own staff economists viewed as unlikely just six months ago: lowering inflation back to a normal range without plunging the economy into a recession.

4:20pm: Russell 2000 surges The Dow closed Thursday up 158 points, 0.4%, at 37,248, the Nasdaq Composite gained 28 points, 0.2%, to 14,762 and the S&P 500...

Happy Thursday! Congress just passed the biggest pay raise for troops in more than two decades. Here’s what you need to know about the $886 billion annual defense policy bill and other fiscal developments. Senate to Delay Holiday Recess in Hopes of Reaching Border Deal The Senate will delay its planned holiday recess and return to the Capitol next week in an attempt to give negotiators more time to reach an elusive deal on a $110.5 billion supplemental spending bill including border policy changes and aid to Ukraine, Israel and Taiwan.

It’s too soon to declare victory, but the economic outlook seems sunnier than it did a year ago, and many economists are predicting a surprising win.