Economy

Fed’s plan to buy Treasury bills could be an expensive ordeal

The Federal Reserve's attempt to keep U.S. funding markets calm by rebuilding its cache of bank reserves could be expensive. The Fed said Friday it will begin buying $60 billion of Treasury bills per month — with maturities ranging from five weeks to a year — at least through the second quarter of 2020 to...

Latest business headlines

Average US price of gas unchanged over past 2 weeks

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline has remained at $2.73 a gallon over the past two weeks. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that within the average, prices in more than half of the cities surveyed fell by several cents while prices mostly rose in cities...