A majority on Wall Street see the first rate hike in nine years coming in September, but it's a dwindling majority, according to a CNBC Fed survey» Read More
A spike in interest rates may have slowed pending home sales in May, but year-over-year sales are up 10 percent.
The 0.9 percent increase in U.S. consumer spending is further evidence that economic growth is gathering momentum.
The number of Americans filing new claims for unemployment benefits increased modestly last week, but labor market conditions continued to tighten.
The U.S. services sector grew at a slower pace for a third straight month in June, as rates of expansion in both new business and hiring eased, an industry report showed on Thursday.
The economy contracted in the first quarter as it struggled with bad weather, a strong dollar, energy sector spending cuts and West Coast port disruptions.
Ikea's U.S division is raising the minimum wage as the Swedish furniture chain looks to improve its relations with workers and reduce worker turnover.
Growth in the U.S. manufacturing sector moderated in June, slipping to its slowest pace since late 2013, according to an industry report.
Business investment spending plans rebounded in May, offering a sign of stabilization in the manufacturing sector after activity weakened early this year.
The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to a tightening labor market.
U.S. consumer prices in May recorded their largest increase in more than two years as gasoline prices surged.
Jim Cramer saw that the most important element of the Fed meeting was barely even discussed and could change everything.
The central bank is likely to raise rates this year, and while it left the door open for a second hike in 2015 it is clearly still worried about the economy.
The FOMC was not expected to make significant changes to its post-meeting statement, with the target funds rate likely to remain near zero.
Respondents to the CNBC Fed Survey continue to look for the Fed's first rate hike in nine years to take place in the third quarter.
Starts fell in May after a hefty increase the prior month, but a surge in permits to a near eight-year high suggested the pullback was temporary.
Sentiment among U.S. home builders took a sharp jump in June to the highest level of the year, despite rising costs for consumers.
Those between 65 and 74, supported by Social Security, pensions and investments, have fared better than most other groups outside the superrich.
A new study issued this week, named "Jurassic Pork," documents the billions of dollars' spent on Congressional earmarks, the Fiscal Times reports.
Factory activity in New York contracted in June, as manufacturers were held back by a strong dollar and investment cutbacks by oil and gas drillers.
The number of Americans filing new claims for unemployment benefits rose slightly, but remained in territory consistent with a stronger labor market.