Consumer spending in June recorded its smallest gain in four months as demand for automobiles softened, suggesting the economy lost some momentum.» Read More
A top Federal Reserve official took an early stab at how the central bank should reduce its swelled balance sheet to a more normal size in the years ahead, arguing the current plan may need some adjusting.
The number of U.S. homes lenders repossessed fell in March to the lowest level in more than five years, though more properties entered the foreclosure process in a reminder that the market has a long way to go to full recovery.
Many Americans believe the sequester budget cuts harm the economy, even though most see little impact on their own families, a new NBC/WSJ poll shows.
One is, as always, expressing the president's priorities. The second is to lure Congressional Republicans, again, into negotiations for a budget "grand bargain."
President Barack Obama called the sequester reckless and said his 2014 budget proposal a "fiscally responsible blueprint for middle class jobs and our economy."
President Obama sent Congress a $3.8 trillion spending blueprint on Wednesday that strives to achieve a "grand bargain" to tame runaway deficits, raising taxes on the wealthy and trimming popular benefit programs.
The Federal Reserve released the minutes of its latest Federal Open Markets Committee Meeting earlier than planned Wednesday, a day after the transcripts were inadvertently sent out to a select few.
Federal Reserve policy makers worried about increased risks due to the central bank's aggressive monetary stimulus, though most view those dangers as "manageable" for now.
It is too soon for the Federal Reserve to consider tapering or halting its asset purchases, Atlanta Fed President Dennis Lockhart said on Wednesday.
Mortgage applications rose last week, driven by improved refinance demand as interest rates tumbled, an industry group said on Wednesday.
Federal Reserve hawks who hope for an early end to ultra-easy monetary policy are an "irritant" and should be ignored, an economist said on Wednesday.
China saw export growth of 10 percent year on year in March while exports to the U.S. and Europe, its two biggest markets, continued to slump, which is making analysts question the reliability of the data.
Germans are one of the poorest groups in Europe, according to the surprising findings of a joint survey by various divisions within the European Central Bank.
The effort by U.S. Treasury secretary Lew to persuade Europe to consider shifting its focus from budget balance to growth highlighted a deep trans-Atlantic policy gulf, the NYT reports.
After Portugal's rejection of the cost-cutting measures on which its bailout package depends, Invesco Perpetual's chief economist has added his voice to the anti-austerity camp, warning it could lead to "almost endless depression".
The Fed's message to markets Thursday should be more dovish than not, despite the mixed signals officials have been sending.
Claims that reform would boost the economy are challenged by those who say costs in job losses and spending on social programs would be too high a price.
U.S. wholesale inventories recorded their biggest decline in nearly 1-1/2 years in February as petroleum stocks tumbled and overall sales rose solidly, which could see first-quarter growth estimates shaved.
Small-business owners' confidence fell in March — halting three months of gains, with few entrepreneurs making hiring plans. You call this a recovery?
St. Louis Federal Reserve Bank President James Bullard told CNBC that he's be willing to reduce the central bank's massive bond-buying program in "small increments."