October could bring some rock and roll back to the stock market. "It's been a good run so far, so we should expect some kind of turbulence," said J.P. Morgan chief equities strategist Thomas Lee.
U.S. Treasury Secretary Timothy Geithner says he is seeing encouraging signs of a global economic rebound, but the world still has a way to go to emerge from the severe recession.
The US is too dependent on Japan and China buying the country's debt and could face severe economic problems if that stops, Tiger Management founder Julian Robertson told CNBC.
The challenge for markets Thursday will be whether weekly jobless claims and existing homes sales confirm the Fed's view that the economy and housing are getting better.
People are now stuck in traffic longer, less apt to move away and more inclined to put off marriage and buying a house because of the recession, a broad survey showed.
The Fed's two-day meeting starts in Washington Tuesday, as President Obama and other world leaders gather in New York. Traders are watching both, as well as the meeting of G-20 leaders in Pittsburgh later in the week
Despite predictions the Great Recession is running out of steam, the House is taking up emergency legislation this week to help the millions of Americans who see no immediate end to their economic miseries.
Unemployment rose in August in 27 states and the District of Columbia, with joblessness in three states—California, Nevada, and Rhode Island—reaching record highs, the Labor Department said.
The economy faces a big test next month when the government starts winding down its massive support programs, banking analyst Meredith Whitney told CNBC.