Economic-Indicators

Business Highlights

___ Fed announces a start to modestly reducing its bond holdings WASHINGTON (AP) — The Federal Reserve is announcing that it will begin shrinking the enormous portfolio of bonds it amassed after the 2008 financial crisis to try to sustain a frail economy.

GOP report accuses watchdog of going easy on Wells Fargo

The Consumer Financial Protection Bureau could have fined Wells Fargo in excess of $10 billion for its illegal sales practices but instead settled for $100 million, according to the agency's internal documents released by Congressional Republicans this week.

Text of the Fed's statement after its meeting Wednesday

Below is the statement the Fed released Wednesday after its policy meeting ended: Information received since the Federal Open Market Committee met in July indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this year.

Governor: Greed drives lumber prices following hurricanes

Gov. Paul LePage is calling for a suspension of tariffs on Canadian softwood lumber to ease prices as families and businesses prepare to rebuild in the aftermath of hurricanes Harvey and Irma — and with two more months of hurricane season to go.