Steven Mnuchin said Tuesday the Trump administration hopes to pass a plan to overhaul the U.S. tax system by the end of the year. » Read More
American industry expanded production last month at the fastest pace in more than three years as manufacturers and mines recovered from a March downturn. » Read More
By: Kevin Williamson
Trump doesn't have a plan — or people — in place for key domestic and foreign policies, writes National Review's Kevin Williamson. » Read More
One U.S interest rate increase may be enough to bring Fed's rates to a "neutral setting," one of the central bank's policymakers said.
Fed Governor Daniel Tarullo said on Tuesday added that the Fed need not change its policy path until it is clear how the economy responds.
Rosengren, who is a voting member on the Fed's policy setting committee, said he prefers gradual rate increases to a faster tightening cycle.
Sales rose more than expected, pointing to sustained economic strength that could allow the Fed to raise interest rates next month.
U.S. import prices rose for a second straight month in October as the cost of petroleum and motor vehicles increased.
The Commerce Department said on Tuesday business inventories edged up 0.1 percent after rising 0.2 percent in August.
President-elect Donald Trump's plans for fiscal stimulus are "budget-busting", a leading economist told CNBC Tuesday.
The U.S. and President-elect Donald Trump have more to lose taking a protectionist path than the emerging economies.
Bair also advocated for congress to provide some fiscal stimulus to counter higher interest rates.
In a flash, the world has changed for bond investors, savers and borrowers.
Mortgage rates have now moved nearly a half a percentage point higher since Donald Trump was elected president.
Economists expected the index to hit 89.5, up from 87.2 in October's final reading, according to a Thomson Reuters consensus estimate.
Federal Reserve Vice Chairman Stanley Fischer said the case for removing accommodation is "quite strong" while interest rates will plateau at a level that is lower than normal.
The Republican sweep could break gridlock over policy in a potential boon to the economy, Fed's James Bullard said on Thursday.
The number of properties with a foreclosure filing jumped 27 percent in October compared with September, fueled by FHA loans.
The number of Americans filing for unemployment benefits fell more than expected last week, underscoring the robustness of the labor market.
San Francisco Fed President John Williams said that the U.S. central bank is nerdy, geeky, but above all apolitical, and will remain so.
Standard & Poor's affirmed the U.S.'s investment-grade rating, a day after the presidential election, while maintaining its stable outlook.
For as much as the Federal Reserve professes its independence, it is not immune to politics.
An outspoken Fed dove said on Tuesday he would "feel better" about raising U.S. rates if he were more confident inflation would continue to rise.
Get the best of CNBC in your inbox