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By: Jeff Cox
Bond guru Bill Gross is warning about looming interest rate increases and the damage they can do to a debt-laden global economy. » Read More
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.
Employers posted 5.5 million job openings in September, a slight increase from the 5.4 million reported in August.
Julissa Arce has a message for Trump supporters: You are dreaming if you think Mexicans are "stealing" your jobs and Donald Trump can bring them back.
Goldman Sachs says a basket of companies with low labor cost has outperformed the high labor cost basket by 7 percentage points since late June.
The U.S. economy added 161,000 jobs in October and the unemployment rate stood at 4.9 percent as investors got to digest the final payrolls report before Tuesday's presidential election.
Relying on that one headline number as an indicator of the economy's direction ignores a lot of important information just below the surface.
The U.S. trade deficit fell in September amid rising exports, but a slump in imports pointed to slowing domestic demand.
Rate increases over the next two years will be "very" gradual amid expected steady growth and stable job gains, Atlanta Fed's Dennis Lockhart said.
A Donald Trump win could spark an immediate sell-off of up to 5 percent for the S&P 500, according to Citi analysts.
U.S. worker productivity increased at its fastest pace in two years in the third quarter, helping to curb growth in labor costs, but the trend remained weak.
Economists expected to hit 56 in October, according to Thomson Reuters consensus estimates.
The number of Americans filing for benefits rose last week, but remained below a level associated with a strong labor market.
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