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S&P 500 ends flat after Fed keeps easy money in play

NEW YORK (Reuters) - The S&P 500 finished a volatile session nearly flat on Wednesday as the Federal Reserve gave no hint that a reduction in the pace of its bond-buying program is imminent. Full story

Oil has biggest gain in 3 weeks on Fed, US economy

The price of oil rose the most in three weeks amid signs that the U.S. economy is improving, but not fast enough for the Federal Reserve to reduce its monthly bond-buying program. Full story

Dollar drops broadly as Fed leaves stimulus program intact

NEW YORK (Reuters) - The dollar fell broadly on Wednesday after the Federal Reserve refrained from offering any indication that a reduction in the pace of its stimulus program was imminent despite upbeat U.S. economic growth and private-sector jobs data. Full story

Report shows Mass. economy slumps in 2nd quarter

The Massachusetts economy slowed sharply during the second quarter and failed to match the pace of growth on the national level, according to an economic index released Wednesday. Full story

How Fed policymakers affect the economy

The Federal Reserve's chief policymaking group, the Federal Open Market Committee, has vast power over the economy through its ability to set monetary policy. Full story

Despite flaws, Summers is the best candidate for Federal Reserve chair

(Nicholas Wapshott is a Reuters columist but his opinions are his own) Full story

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Articles

ADP: Private employers add 200,000 jobs this month

Spain's retail sales slump stretches to three years, hampering recovery

Analysis: France asks Hollande: recovery - what recovery?

Serbia avoids early election with deal to oust finance minister

Rising U.S. interest rates may not be bearish for gold: report

Euro zone unemployment falls for first time in two years

Portugal PM to press on with budget overhaul, says economy improving

US hopes trade talks will spur changes in Europe

Serbian PM moves to oust finance minister, risking election

US consumer confidence dips from 5-year high

Video

  White House offers ‘grand bargain’

Former Obama advisor David Axelrod talks about the deal and whether enough Republicans in the House will accept the proposal and move forward. Politico’s Maggie Haberman joins the conversation and turns the conversation to Anthony Weiner and the NYC mayoral race.

  When everyone gets richer

Saudi Arabia Prince Alwaleed is worried increased U.S. energy production could hurt his country's economy, reports CNBC's Seema Mody; and a new study is focused on the 30 years before the 2007 recession when the rich were indeed getting richer, but so ...

  Obama tries to bring focus back to economy

David Axelrod, former senior advisor to President Obama, talks with Melissa Harris-Perry about President Obama's effort to reinvigorate the national discussion about the economy and helping grow and support the American middle class, and his frustration with a recalcitrant Congress.

  President Obama's new offer to Republicans

At an Amazon fulfillment center, President Obama answered the Republicans' call for a grand bargain on deficit reduction with an offer for a "grand bargain for middle-class jobs." MSNBC's Lawrence O'Donnell discusses with The Grio's Joy Reid and The Washington Post's Eugene Robinson.

  Obama offers deal to boost jobs

Tuesday while speaking in Tennessee, President Obama outlined a proposal to cut corporate taxes in return for increased spending to create jobs. NBC’s Peter Alexander has more on the story and Business Insider’s Josh Barro joins The Cycle with his reaction to the speech.

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FILE- In this Wednesday, May 8, 2013, file photo, Jeff Caldwell, 29, right, a chassis assembly line supervisor, checks a vehicle on the assembly line at the Chrysler Jefferson North Assembly plant in Detroit.The Commerce Department issues its first estimate of how fast the U.S. economy grew in the

Philippines Central Bank Governor Amando Tetangco gestures during an interview at the central bank headquarters in Manila
Philippines Central Bank Governor Amando Tetangco gestures during an interview at the central bank headquarters in Manila

Philippines Central Bank Governor Amando Tetangco gestures during an interview at the central bank headquarters in Manila July 30, 2013. The Philippine central bank does not expect wild swings that can destabilise the peso currency because the strength of the economy remains a pull factor for invest

Renee Adams, Irene Salyers, Joseph Salyers
Renee Adams, Irene Salyers, Joseph Salyers

This photo taken Friday July 12, 2013, shows Renee Adams, left, posing with her mother Irene Salyers and son Joseph, 4, at their produce stand in Council, Va. Four out of five U.S. adults struggle with joblessness, near poverty or reliance on welfare for at least parts of their lives, a sign of dete

Portugal's Finance Minister Albuquerque and Economy Minister de Lima attend a news conference in Lisbon
Portugal's Finance Minister Albuquerque and Economy Minister de Lima attend a news conference in Lisbon

Portugal's Finance Minister Maria Luis Albuquerque and Economy Minister Antonio Pires de Lima attend a news conference in Lisbon July 26, 2013. Portugal's government on Friday promised gradual cuts in corporate taxes from early 2014 to boost investment and help the bailed-out economy overcome its