The number of Americans filing for benefits rose slightly more than expected, but the four-week average of claims pointed to a strengthening labor market. » Read More
By: Jacob Pramuk
The Trump administration appointee said he is "primarily focused on middle-class" tax cuts. » Read More
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ADP also revised job creation numbers for other months as part of a new measuring model.
The story is all too familiar in housing: Mortgage interest rates rise, and homebuyers and refinancers retreat.
Construction spending fell in September as outlays on private nonresidential structures recorded their biggest decline in nine months.
The amount of equity homeowners now have, that is, the value outside their mortgage debt, has doubled in the last five years, according to CoreLogic.
If the U.S. doesn't set the rules of the road in the global economy, China will, Ambassador Michael Froman tells CNBC.
Eighty-six percent of respondents to the latest CNBC Fed Survey see a rate hike coming at the Fed's Dec. 13-14 meeting.
U.S. consumer spending rose more than expected which could bolster expectations of an interest rate hike from the Federal Reserve in December.
The U.S. economy grew faster than expected in the third quarter as a surge in exports and a rebound in investment offset a slowdown in spending.
Economist expect the Index of Consumer Sentiment to hit 88.2 in October, down from 91.2 in September.
Last year the flu cost the economy billions of dollars. This season could be worse, since fewer people are opting for vaccinations.
The number of Americans filing for unemployment benefits fell last week, pointing to sustained labor market strength and firming economic growth.
Uncertainty about economic policy is at an all-time high.
The international trade gap shrank in September, while wholesale inventories rose.
Billionaire Ken Langone, co-founder of Home Depot, describes the U.S. economy as "tepid."
Neither Clinton nor Trump would boost growth or reduce debt and deficits, according to the Committee for a Responsible Federal Budget.
The Consumer Confidence Index hit 98.6 in October, down from 104.1 in September, according to data from The Conference Board.
The S&P/Case-Shiller U.S. National Home Price Index, which measures all nine U.S. census divisions, was up 5.3 percent in August from 5.1 percent the previous year.
With real safe rates of return exceptionally low and not expected to rise soon, rates should be expected to stay exceptionally low during the forecast horizon, Bullard said.
The number of Americans filing for benefits rose more than expected, but remained below a level that is associated with a strong labor market.
The Fed will likely raise interest rates later this year if the economy remains on its current path, New York Fed President William Dudley said.
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