WASHINGTON— More than two-thirds of the states reported job gains in March, as hiring improves for much of the country during what has been a sluggish but sustained 4 1/ 2- year recovery. The Labor Department says unemployment rates dropped in 21 states, rose in 17 and was unchanged in the remaining 12. Meanwhile, hiring increased in 34 states and fell in 16..» Read More
U.S. consumer confidence fell unexpectedly sharply in November to a two-year low on worries about rising gas prices and financial market volatility.
Goldman Sachs on Tuesday slashed its target for the expected trough in U.S. benchmark interest rates by a full percentage point, citing an increased probability of recession and the likelihood of a prolonged period of sluggish performance for the U.S. economy.
A parade of economic data in the next couple weeks will tell volumes about the economy and the Fed’s chances for achieving a soft landing.
Former Federal Reserve Chairman Alan Greenspan said on Friday that U.S. house prices have not bottomed out after a crisis in the subprime mortgage market.
Five United Airlines workers sought medical attention for nausea and vomiting after the company provided a Thanksgiving meal to employees.
U.S. Treasury Secretary Henry Paulson said the number of potential U.S. home-loan defaults "will be significantly bigger" in 2008 than in 2007, the Wall Street Journal's online edition reported.
The mood among consumers hit the skids in November as gasoline prices soared and the housing slump worsened.
Everyone has heard predictions of a tapped-out consumer. And though they haven't materialized in the past, this time is likely to be different.
The Federal Reserve is expecting slower growth and lower inflation next year. But minutes from the Fed's October meeting show policymarkers were reluctant to cut interest rates further.
A U.S. Treasury report on ways to cut corporate taxes will include discussion of a national sales tax, a senior Treasury official told CNBC.
Groundbreaking for U.S. housing rebounded in October but permits for future building hit a 14-year low, indicating the grim market for home construction will likely continue to worsen.
The Fed and financial markets remain at odds over where the economy and interest rates are heading, and fresh Fed forecasts to be released Tuesday are unlikely to bridge that gap.
There's hope in sight! The Writers Guild and the Producers association, the AMPTP, is planning to resume formal negotiations on November 26. That's the Monday after Thanksgiving, so maybe everyone will be so stuffed with Tryptophan (a chemical in turkey that makes you sleepy and happy) that they'll be in good moods to strike a deal.
U.S. Treasury Secretary Henry Paulson said on Friday Washington was following a strong dollar policy and indicated he expected it to rebound, emphasising the U.S. economy's long-term strength should help the currency.
U.S. industrial production unexpectedly fell in October, logging a 0.5 percent decrease, as output shrank at factories, mines and utilities, a Federal Reserve report on Friday showed.
The Federal Reserve's current policy stance should be just right to help the U.S. economy weather a rough patch in months ahead without triggering inflation, Fed Governor Randall Kroszner said on Friday.
French job creation improved in the third quarter but grew more slowly than in the previous three months, national statistics office INSEE said on Friday, which analysts said tended to confirm a slowdown is on its way.
U.S. consumer prices rose a brisk 0.3 percent in October, which was in line with expectations and driven by the sharpest rise in energy costs in five months, the government reported on Thursday.
U.S. retail sales rose a sluggish 0.2 percent in October while an inflation measure grew less than expected, according to government data Wednesday that may give the Federal Reserve more leeway to prop up a slowing economy.
The prepared speech given by Federal Reserve Chairman Ben Bernanke on Federal Reserve communications at the Cato Institute 25th Annual Monetary Conference in Washington, D.C. on November 14, 2007.