Fed to publish new U.S. labor market index monthly starting October 6

(Reuters) - The Federal Reserve will begin publishing a new monthly index of U.S. labor market conditions on Monday, October 6, that draws on a range of data to give a better sense of the economy's health.

Fed to review stress test procedures after correction

(Reuters) - The Federal Reserve on Saturday said it was reviewing the procedures of a closely watched exam banks must pass each year to prove their robustness after it had to correct the results.

India says will take necessary steps to ensure financial market stability

NEW DELHI (Reuters) - India pledged on Thursday to take all necessary steps to ensure stability in financial markets as it tried to calm jitters over the U.S. Federal Reserve's decision to scale down its economic stimulus.

IMF warns that any US default on its debt obligations would imperil global economy

WASHINGTON — A U.S. debt default in the event that a politically divided Congress fails to raise the federal borrowing limit would imperil the entire global economic recovery, a senior International Monetary Fund official warned Wednesday.

Weak spending, inflation data point to soft U.S. economy

(Reuters) - U.S. consumer spending barely rose and inflation was tame in July, offering a cautionary note on the economy as the Federal Reserve weighs cutting back its massive bond-buying program.

US hiring slows in July but jobless rate falls to 4-yr low

WASHINGTON: US employers slowed their pace of hiring in July but the jobless rate fell anyway, mixed signals that could make the U.S. Federal Reserve more cautious about drawing down its huge economic stimulus program.

Fed may need to let inflation rise to boost jobs: Kocherlakota

(Reuters) - The Federal Reserve may need to let inflation run a little higher than its 2-percent target in order to bring down unemployment faster, a top Fed official said on Saturday.

Analysis: Easy Fed softens fiscal policy punch on economy

WASHINGTON (Reuters) - The Federal Reserve's aggressive easing of monetary policy is proving surprisingly effective at blunting the blow to the economy from tighter fiscal policy, according to economists who have been scrambling to raise their growth forecasts.