Economy

President says the turmoil in euro-zone is weighing on U.S. economy.

Increase led by sales of smaller properties outside of major cities, Moodys reports.

Rise in freight volumes points to gains in industrial production.

Central bank will buy $400 billion long-term Treasuries, sell shorter maturities.

Low interest rates have yet to revive the housing market.

Policy makers may allow faster price increases amid faltering global growth