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The Federal Reserve will keep interest rates low until a stronger recover is underway, but the Fed is still bracing itself to pull easy money from the market, said Charlie Evans, the Chicago Federal Reserve President.
A miserable week of economic news has rekindled a big question in the market: Is the economy headed for a double-dip recession?
Record-low interest rates are still needed to foster the economic recovery and to relieve high unemployment, a Federal Reserve official said Monday.
The Fed's move to normalize the rate it charges banks to borrow money is not a precursor to an imminent hike of its closely watched funds rate, Pimco's Bill Gross said.
The Federal Reserve's surprise move to raise the discount rate is not likely to affect other interest rates but it shows inflation hawks are gaining ground, Giles Keating, head of Credit Suisse global economics and strategy, told CNBC Friday.
The Federal Reserve's move to rise its discount rate does not signal an imminent rise in the fed funds rate and has nothing to do with Friday's inflation figure, Laurence Meyer, former Fed governor, told CNBC Friday.
New Jersey Gov. Chris Christie declared a state of fiscal emergency on Thursday, blaming the $2 billion budget gap to the state's spending addiction.
Happy Anniversary! Well, sort of. Even for supporters of the American Recovery and Re-investment Act, the one-year anniversary of it being signed into law might not be a time for celebration -- at least not yet.
The US could end up with the same problems as debt-laden Greece if it does not get its spending under control and deal with its structural deficit, David Walker, president and CEO of the Peter G. Peterson Foundation, told CNBC.
A gauge of manufacturing in New York state rose in February as inventories jumped, while holdings for US Treasurys fell the most on record, according to separate economic reports.
When employers hire temporary staff after a recession, it's long been seen as a sign they'll soon hire permanent workers. Not these days.
The Unites States, Europe and Japan will face a period of low economic growth due to the impact of a balance-sheet recession, where governments, individuals and banks are forced into austerity measures, Nouriel Roubini, economics professor and chairman at RGE.com, told CNBC Friday.
The federal government is open for business again Friday after a blizzard shut down Washington, delaying some economic reports.
The consumer products maker unveiled a "Thanks, Mom" campaign, with commercials highlighting the role of U.S. athletes' mothers while also offering them financial help with Vancouver travel expenses.
A pause is all very well, but if the monetary crutch that has supported recovery is kicked out too soon, that double dip scenario could become a reality.
Interviews with more than a dozen people who were out of work at least a half-year during the recession and have now landed jobs found many adjusting to new realities. .. In some ways, it is equivalent to the lingering symptoms of post-traumatic stress.
Health-care and consumer-services jobs will lead a slow jobs recovery this year, but overall employment will be kept in check by declines in local government and construction jobs, economists say.
As workers struggle to find jobs and US regulation becomes more aggressive, the economic recovery will defy trends and make choices harder for investors, Pimco's Bill Gross told CNBC.
There are so many opinions why the economy isn’t creating jobs in this recovery that impatience may be on the verge of exasperation.
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.