CNBC's Steve Liesman discusses what today's ISM and employment data means for Fed policy and interest rates.» Read More
The weather was red hot in New York in July, and so was the private sector jobs picture.
An anticipated gradual gain in US employment has turned into a surprising deterioration, and that has economists worried about the increasing threat to the economic recovery.
The Federal Reserve's monetary policy makes inflation—not deflation—a big risk, Michael Pond, a Treasury strategist at Barclays Capital, told CNBC on Wednesday.
With the summer near its close, we took the opportunity on yesterday's show to grade each of the three and gauge their effect on the market.
Bill Gross, a managing director bond giant PIMCO, told CNBC Tuesday that if Fannie Mae and Freddie Mac lowered interest rates for mortgage holders in good standing, it would stimulate the economy, encourage consumer spending, promote job growth and give the beleaguered housing market a much-needed lift.
You have to think about the world and its totality. There is a finite amount of capital, just to plug fiscal deficits the world has to issue $4.5 trillion worth of new debt. But where does this new debt come from?
As the Obama administration hosts a housing conference to address the role of Fannie Mae and Freddie Mac, we should remember that homeownership’s promise was ruined by Wall Street’s recklessness, not by federal policy. To fix the nations’ affordable housing policy, we support bringing the GSEs to their former public-private status, but with some key changes.
How would you fix the mortgage behemoths? Share your opinion.
As part of a growing trend among hedge funds and Wall Street firms, Cold War-style satellite surveillance is being used to gather market-moving information.
Homeowners who are deeply in debt but are current on their mortgage payments should be allowed to refinance without documentation, an investment adviser suggested on CNBC Monday.
While tax rates might have some impact at the margin, I think hiring is driven primarily by the state of business. If a businessperson sees growing demand for his/her products or services and if that growing demand can only be satisfied by the addition of employees, then the businessperson will hire more employees. To not do so would allow the business to stagnate or would allow more aggressive competitors to take market share.
The US economy is almost certain to fall back into a recession, and economists aren't seeing it because they're using "the old rules of thumb," well-known economist David Rosenberg told CNBC.
When I said I thought equities would cool after the Fed decision, I didn’t think they would drop over 2.5% the next day! This is the problem with August and why I was worried about a return of a “Flash Crash” due to low liquidity. Volumes are smaller and movements more extreme in usually a range. This time of year makes everyone nervous.
While stocks fell off again Wednesday, following the Fed's gloomy view of the recovery on Tuesday, two market watchers on CNBC focused instead on how to 'juice' the economy.
American shoppers dug in their heels in July, bad news for the stalling economy and worse for struggling retailers.
Lenders say they are trying to recover some of that money but their success has been limited, in part because so many borrowers threaten bankruptcy and because the value of the homes has often disappeared, reports The New York Times.
Company job openings fell for the second straight month in June, a sign that hiring isn't likely to pick up in the coming months.
Home prices rose in nearly two-thirds of U.S. cities this spring as buyers took advantage of tax incentives that gave the struggling housing market a temporary jolt.
Tuesday’s action by the Federal Reserve was positive, in spite of immediate market downturn on Tuesday, Jason Trennert, chief investment strategist of Strategas, told CNBC Wednesday.
For many of these long-term unemployed in this recession, the financial and psychological damage will last for years. For most other workers, however, the situation has had a perverse, and mostly overlooked, silver lining.