CHICAGO, Dec 6- With inflation as low as it is, Chicago Fed President Charles Evans told reporters Friday that he "can't imagine" raising the fed funds rate even when unemployment falls to 6.25 percent, below the threshold the Fed has set for considering a rate hike. The fed funds rate is the rate that banks lend cash to each other overnight.» Read More
Christmas 2010 could turn out to be the merriest since the recession began, with the exclusive CNBC All-America Economic Survey finding Americans somewhat more optimistic but real optimism remains elusive.
Senate Majority Leader Harry Reid plans to offer later Thursday legislation to extend expiring tax cuts, an aide said Thursday.
The "Fast Money" traders discuss how to trade Japanese bond yields and food Prices, as well.
The surge in 10-year Treasury yields above the psychological 3 percent level this week crowns a miserable period for bond traders and investors who bet on the Federal Reserve’s second round of quantitative easing policy, or QE2, being bullish for the market, reports the Financial Times.
Rep. Paul Ryan (R-Wisc.), the incoming chairman of the House Budget Committee, told CNBC Wednesday that he would push for permanent lower tax rates, "real" spending cuts and entitlement reforms when Republicans take control of the House in January.
Sure, most of them involve being a doctor, money manger or CEO. But you'd be surprised at some of the jobs on this list! Here are a dozen jobs that pay $100 or more.
Economist Nouriel Roubini on Wednesday voiced concern over a compromise on extending tax cuts struck by US President Barack Obama and Republican leaders, saying the agreement could expose the US to bond vigilantes who will drive up the price of yields
The best that can be said about this potential compromise is that the US avoided disaster by averting a massive tax hike during a weak economic recovery.
An apparent tax-cut deal struck between President Obama and congressional Republicans raised hopes that the much-ballyhooed "gridlock" is already yielding positive results for investors.
President Obama announced a tentative deal with Congressional Republicans on Monday to extend the Bush-era tax cuts at all income levels for two years as part of a package that would also keep benefits flowing to the long-term unemployed, cut payroll taxes for all workers for a year and take other steps to bolster the economy, the New York Times reports.
The baby boomers will retire earlier and live longer, draining young people's income with their final salary pension schemes - something youth will find impossible to attain.
Interest rates are flat, TARP pays for itself and the Euro holds steady.
China, Wikileaks, Bernanke, Bush and more. Here's what you need to know to make the smart moves this week.
The banking profession is losing its shine and young people may be better off choosing jobs such as engineering, science or technical, various experts told CNBC.
Unemployment jumped to 9.8 percent in a very disappointing November jobs report. Nonfarm payrolls increased by only 39,000 and private jobs expanded by just 50,000. This is way below what the economy needs. Most discouraging, the smaller-business household employment number fell for the second time in a row, down 173,000 in November after a 330,000 drop in October.
If Congress does not extend the Bush-era tax cuts for the highest income levels, a typical worker who earns a $1 million bonus would pay $40,000 to $50,000 more in taxes next year than this year, depending on base salary, the New York Times reports.
Democrats are engineering a showdown in the Senate over tax cuts Saturday in an attempt to depict Republicans as guardians of the rich and gain an edge for the 2012 elections.
Whether it's earnings reports, analyst meetings or unemployment data, here's what you need to know.
So, what countries made the list of best locations to be unemployed? Click to find out!
The "Pit Boss" reveals which industry is seeing heavy call buying in midday trading.