The Fed should communicate its views well enough that markets will not be taken by surprise by a rate hike, a top U.S. central banker said.» Read More
Parents increasingly are struggling to pay off student loans even as their children take on new debts to pay for schooling. The loans are becoming a multigenerational burden.
America's greatest challenge has something to do with Washington, according to a survey of business economists. What could it be?
Rising interest rates aside, housing prices in most parts of the country appear to have plenty of room to move higher.
Global financial stability is at risk as central banks draw back from ultra-easy policies, because emerging markets lack defenses to prevent potentially huge capital outflows.
A toxic combination of depressed employment participation rates, weak real growth and the onset of Obamacare, will force the Federal Reserve to increase rather than decrease quantitative easing next year.
Two regional Fed presidents expressed different views Friday about whether September would be the right time to begin to scale back the central bank's massive bond purchases.
Emerging markets are in a better position than they were in the 1990s, even with the recent plunge in places like India and Indonesia, Pimco CEO Mohamed El-Erian said on Friday.
The Fed is in a bind, according to this pro. And tapering is their way out.
With wildlands in 10 Western states burning over more than 750,000 acres, this is shaping up to be another costly fire season.
While the government is expected to say the unemployment picture continues its gradual improvement, Gallup puts the unemployment rate at an ugly 8.6 percent in August
Not only is the chairman's absence a break with a 25-year tradition, but it comes at a time when markets crave clarity on the direction of monetary policy.
The index of leading indicators climbed, pointing to an improvement in growth despite federal spending cuts and weaker global demand that had weighed on the economy.
US manufacturing activity hit a five-month high in August as hiring picked up and new orders increased at their fastest pace since January, an industry report showed on Thursday.
The number of Americans filing new claims for unemployment benefits rose last week but held close to a six-year low.
The average American household is earning less than when the Great Recession ended four years ago, according to a report released Wednesday.
In announcing a move that will affect about 15,000 employees, United Parcel Service cited costs associated with the federal health care law. The New York Times reports.
US home resales rose in July to their highest level in over 3 years, suggesting an increase in borrowing costs is having only a limited impact on the market recovery.
U.S. businesses are hiring at a robust rate. The only problem: Three out of four of the nearly 1 million hires this year are part-time and many of the jobs are low-paid.
Unemployment rates rose in more than half of U.S. states in July and fewer states added jobs, echoing national data that show the job market may have lost some momentum.
Washington state already has the nation's highest minimum wage at $9.19 an hour. Now, there's a push in Seattle, at least, to make it $15.