Though problems remain for housing and jobs, the Fed's Open Market Committee sees further improvement in financial markets in recent weeks.
A silver lining is the US economy shed fewer jobs in May than forecasters had predicted.
Sales of existing homes fell 3 percent from February to March, but activity with lower-priced units may be picking up.
Under the new ‘mark-to-market’ rule, banks can consider the value of assets as if they are being sold in an orderly fashion, not in a distress sale.
Several indicators offer hope that the recession might be finally nearing the bottom.
A Christian Science perspective on daily life.
It pledges $30 billion more, amid insurance giant’s record losses.
The sharp rise in claims in recent weeks suggests that the pace of unemployment is not slowing down.
With no investment banks and tighter regulation, experts see a less dynamic recovery ahead.