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A leading proponent of low interest rate policy at the Federal Reserve said the U.S. central bank might hike interest rates more aggressively. » Read More
Home prices in major metropolitan areas continued to rise in December, though the gains came in slightly behind expectations.
The Cleveland Fed chief said she expects the U.S. central bank to continue on a "gradual" pace of rate increases.
Rising rents and medical costs lifted underlying inflation, signs of an uptick in price pressures that could allow the Fed to raise interest rates.
The Federal Reserve should stick with its plan to raise interest rates gradually, a top policymaker said on Thursday.
The number of Americans filing for benefits unexpectedly fell, pointing to labor market strength that could keep Fed rate hikes on the table.
But in spite of the dip, the economy is still on pace for moderate expansion.
It would be "unwise" for the Fed to continue hiking interest rates given declining inflation expectations and market volatility, James Bullard said.
Risks to global growth have increased since November and world leaders have little left in their policy arsenals to mitigate the threat, Moody's warned.
Faced with another financial crisis, Minneapolis Fed President Neel Kashkari also tells CNBC banks would still need a bailout.
Producer prices unexpectedly rose as margins for machinery and equipment climbed, but lower energy prices and a strong dollar kept inflation in check.
Industrial production rose in January after three straight months of declines, buoyed by a strong utilities index and growing manufacturing sector.
U.S. housing starts unexpectedly fell in January likely as bad weather disrupted building projects in some parts of the country.
Manufacturing activity in New York state was weaker than expected in February, a New York Federal Reserve survey showed on Tuesday.
Applications to refinance mortgages are now at the highest level in over a year.
A lesson in the two biggest news events of the past week.
Former Dallas Fed President offers perspective on current economic downturn.
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