The Dallas Fed chief pledged to push for gradual rises in rates, as long as inflation continues to rise and the economy remains near full employment. » Read More
Consumers have been filling their pockets with the money they're saving while filling up at the gas pump, Moody's economist Mark Zandi said Tuesday.
The consensus among economists on Wall Street and at the Federal Reserve is that consumer spending will begin to increase in the coming months.
U.S. consumer spending fell for a second straight month in January, as lower gasoline prices continued to weigh on receipts at service stations.
The Fed may have to get even more aggressive if its efforts to tighten aren't reflected in short-term rates, he said.
U.S. economic growth braked more sharply than initially thought in the fourth quarter, but the underlying fundamentals remained solid.
Harsh winter weather left U.S. consumers feeling a bit less confident this month, the University of Michigan said.
Consumer prices dropped in January as gas prices continued to fall, which could give a cautious Fed ammunition to keep interest rates low a bit longer.
More Americans sought unemployment aid last week, though the number of applications was still consistent with steady hiring.
Janet Yellen gives the Senate Banking Committee a decidedly dovish tone on interest rates.
Fed funds futures are now pointing to the best chance of the first rate hike being in October, as dovish comments by Yellen lowered expectations.
Fed Chair Janet Yellen testified before Congress on Tuesday after presenting her semiannual monetary policy report.
The U.S. services sector expanded in February at its fastest pace since October, with businesses reporting customers boosting orders.
San Francisco and Miami saw the fastest pace of home price appreciation, with increases of 9.3 percent and 8.4 percent, respectively.
The U.S. manufacturing sector expanded in February at its fastest rate since November, after notching its lowest reading in a year in the prior month.
The normally chummy relationship Yellen's central bank has with Wall Street hit a bump last week.
The U.S. manufacturing sector expanded in February, after notching its lowest reading in a year in the prior month, an industry report showed on Friday.
The number of Americans filing new claims for unemployment benefits fell more than expected last week, offering fresh evidence that the labor market was gathering steam.
More Americans than expected filed new claims for unemployment last week, but the trend is consistent with a strengthening labor market.
US business inventories rose less than expected in December, supporting views that fourth-quarter growth was slower than initially thought.
The number of U.S. properties in foreclosure rose 5 percent in January, driven by a jump in bank repossessions, real estate data firm RealtyTrac said.
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