Finance Latest News: Drop in Jobless Rate Puts Fed Closer to End of QE3

Wochit 0:51 mins

The Federal Reserve is nearer to dialing back its massive bond-buying program after the unemployment rate dropped last month, a top Fed official said, the second to make that point in as many trading days. HSBC, Britain's largest bank, said earnings rose 10 percent in the first half of the year, to $14.07 billion, thanks in part to lower charges for bad loans, especially in the United States. Stock index futures were flat as investors looked for new reasons to buy following a rally that repeatedly took major indexes to record levels.

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