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
Consumer borrowing fell again in February, reflecting weakness in credit cards and auto loans. It marks a setback to hopes that consumers are beginning to feel more confident and will start spending more.
Unemployment rates fell or remained unchanged in two-thirds of the 372 largest U.S. metro areas in February. The news adds to evidence that the job market is improving.
Companies that hire unemployed workers will get a temporary payroll tax holiday under a bill that easily won final congressional approval Wednesday.
Here's proof that all those miles and rewards points you've racked up are good for more than a subscription to Golf Digest. One former executive in Southern California went from six figures to homeless in less than two years. Now, he's living off of those points.
Stock prices still have room to rise further, and recent economic reports show there is less chance of a double-dip recession, well-known market guru Abby Joseph Cohen told CNBC.
The latest overall job loss numbers showed a loss of 36,000 jobs in February and an unemployment rate remaining at 9.7%. The January and December numbers were revised as well. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
Bad credit and no job? Great news! Your services may soon be wanted in 16 states.
As the Olympics wind down this weekend, one job-posting site gave out a gold medal of its own — to the company that posted the most job listings in January!
Assessing a tough governmental juggling act, Treasury Secretary Timothy Geithner assured lawmakers Wednesday that stimulus spending to spur the economy now isn't in conflict with a need for longer-term austerity.
Surviving on a single salary, after you’ve built a life on two, takes planning, discipline and above all else, a willingness to make tough choices.
If you’re looking to show your spouse how much you care this Valentine’s Day, bag the gift or night out and get your credit cards paid off instead. It may lose points for romance, but the gesture is guaranteed to yield dividends in the long-term stability of your relationship.
The latest overall job loss numbers showed a loss of 20,000 jobs in January and an unemployment rate falling to 9.7%. The November and December numbers were revised as well. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
Although many retailers turned in rosier monthly same-store sales reports in January than expected, the stocks are showing it is far too soon to declare the worst over for the retail sector.
What did you think about President Barack Obama's State of the Union address? Let us know.
President Barack Obama said on Friday that regulatory oversight of the country's banks might now be erring too much on the side of caution, potentially hindering the flow of credit to small businesses.
It’s simplistic, cynical and disingenuous to conclude that President Obama announced a set of controversial proposals to crack down on big banks simply to divert attention from the Democrats senatorial defeat in Massachusetts and his declining poll ratings.
The Obama administration may be tempted to wage a two-front war on climate change and joblessness by pushing for green jobs in the renewable energy sector, but such a strategy will mean committing to a long campaign.
Consumer borrowing has fallen to record lows in wake of the 10 percent unemployment rate, but spending may still return to levels seen before the economic downturn, said personal finance expert Stacy Johnson.
Financial stocks could feel the heat when several major bank CEOs testify before a government commission investigating the financial crisis. Google will also be in focus after it said that it may exit China.
I often question why I do it? Why do I open my mouth and react with indignation so often? Why after a decade in the media, and twice as long in the broader financial markets as a whole, don’t I just suck it up and let all the inconsistencies and nonsensical behavior just pass my by?