Household debt in the U.S. totals a staggering $12.58 trillion, a level not seen since 2008, according to the New York Federal Reserve. » Read More
By: Elizabeth Gurdus
Inflation statistics and Janet Yellen's congressional testimony set the stage for a March hike, Boockvar tells CNBC. » Read More
U.S. homebuilding fell in January, but upward revisions to the prior month's data and a jump in permits suggested the housing recovery remained on track. » Read More
The Fed expected the improvement in U.S. inflation and employment and it is headed on the right path in removing stimulus, Fed Vice Chair Stanley Fischer said.
Harker said his view that the economy is ready for three rate hikes this year does not depend on any fiscal policy changes under President Trump.
Market expectations "will not stop" a rate hike, Rosengren told a luncheon of economists and investors.
Since the central bank enacted historically accommodative policies, the U.S. has grown faster than other parts of the world, she said.
If this trend continues, the Fed may be faced with a hard decision on interest rates when it meets in March.
By now, Barack Obama had already signed three major laws, says Vox's Matt Yglesias.
U.S. businesses stockpiled more goods in December and posted the biggest sales increase in nearly six years.
Mexican governor Jorge Aristóteles Sandoval Díaz is meeting with U.S. tech companies including Facebook and Google to entice them across the border.
This came as households paid more for gasoline and other goods, suggesting inflation pressures could be picking up.
Trump froze a move that could have saved some lower-income borrowers money, prompting criticism that it was too cautious and burdensome.
After a sharp jump following the presidential election, confidence among U.S. home builders continued its slide in February.
U.S. retail sales rose more than expected in January, pointing to sustained domestic demand that should bolster economic growth in the first quarter.
Industrial production fell as unseasonably warm weather caused a major drop in utilities output, offsetting gains in manufacturing and mining.
Yellen says even though the Fed expects to hike gradually and keep policy accommodative, getting rates back to normal levels is important.
The majority of market watchers expect the Federal Reserve to stand pat on rates at the next meeting.
U.S. producer prices rose more than expected in January, but a strong dollar continued to keep underlying inflation tame.
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