The Fed should "explicitly" say it will keep rates near zero until the economy is within a year of reaching Fed goals, a policymaker said.» Read More
The results don't reflect well on the home states of these leaders, regardless of their politics.
The key to the job growth and recovery in the US is a small business rebound, Milton Ezrati, chief economist at money management firm Lord Abbett, told CNBC Tuesday.
The Dow pulled off its fifth straight gain Monday, led by Microsoft. Alcoa fell.
Stocks struggled Monday as materials and banks dragged and investors were a little jittery ahead of earnings season, which kicks off after the bell today with Alcoa. Techs were the day's best performers.
Stocks pulled back Monday as materials and banks dragged and investors were a little jittery ahead of earnings season, which kicks off after the bell today with Alcoa. Techs were the day's best performers.
U.S. stock index futures declined ahead of the open Monday in the wake of the strongest week for the major averages in almost a year and ahead of the start of a new earnings season.
With the economy weakening and fears growing of a double-dip recession, the Federal Reserve is under pressure from some quarters to do more to help the economy. But even Fed officials seem to be split over how the central bank could or should respond.
The US should expect a notable slowdown in GDP growth, to ½ percent, during the second half of this year, Jan Hatzius, chief US economist at Goldman Sachs, told CNBC Wednesday.
Plus, get calls on housing, tech and more.
Is the absolutely awful housing data a sell signal or is this the kind of headline where you should hold your breath and buy?
How will the Fed chief word a statement that recognizes the current economic retrenchment, but not to a point that panics the markets?
Federal Reserve policymakers open a two-day meeting Tuesday amid signs of caution for the recovery: Europe's debt crisis, an edgy Wall Street, cautious consumers, a fragile housing market and high unemployment.
Fed policy is much less relevant to U.S. growth and price stability than in the days of Paul Volcker, because China's yuan policy has substantially limited the importance of Fed interest rate decisions by severing the historic link between short interest rates-like the federal funds rate it targets-and long rates on mortgages, corporate bonds, and the securities banks use to finance lending on cars and credit cards.
Stocks traded quietly ahead of Friday's quadruple expiration of futures and options, as a more somber view of U.S. economic data is beginning to prevail.
BP is back in the hot seat Thursday as its embattled CEO testifies before Congress on the Gulf of Mexico oil spill disaster, but market focus will likely move back to U.S. economic data and the path of the euro.
After Tuesday's big up draft, traders agree on just one thing -- volatility is the one constant in this stock market.
Washington may steal the market's focus from Europe Tuesday, as both the oil spill and financial regulatory reform get prominent play in headlines.
When Ben Bernanke testified a couple of days ago before the House Budget Committee, he gave a fairly upbeat forecast of 3.5 percent growth this year, and somewhat stronger growth in 2011. Okay, fine.
BP's troubles have now spilled across the broader market, as investors move to price in worst-case scenarios for the oil giant and other firms involved in the Gulf of Mexico rig disaster.