Manufacturing in the New York region developed in August for the first time in more than a year, reinforcing signs the worst recession since the 1930s is nearing an end. The Federal Reserve Bank of New York’s general economic index climbed to 12.1, higher than forecast and the first expansion since April 2008, the bank said today. Readings above...

The Federal Reserve Bank of New York bought $7.016 billion in Treasurys on Monday. Dealers submitted $15.94 billion in charge  maturing between 2013 and 2016 to the Fed. The U.S. central bank has achieved more than $250 billion of the $300 billion in U.S. charge  it promised in March to buy in an effort to keep borrowing costs, particularly for c...