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US Economy

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  • Bill Gross: Yellen watching wage indicators     Wednesday, 30 Jul 2014 | 2:16 PM ET
    Bill Gross

    PIMCO founder and CIO Bill Gross reacts to the Federal Reserve's decision to taper by $10 billion. Gross says watch wages, and shares his yield curve outlook.

  • Text of the Federal Reserve's statement Wednesday Wednesday, 30 Jul 2014 | 2:11 PM ET

    WASHINGTON— Below is the statement the Fed released Wednesday after its policy meeting:. Information received since the Federal Open Market Committee met in June indicates that growth in economic activity rebounded in the second quarter. Labor market conditions improved, with the unemployment rate declining further.

  • Little Treasury volatility post-Fed     Wednesday, 30 Jul 2014 | 2:08 PM ET

    CNBC's Rick Santelli reports on the Treasury market reaction after the Fed announced it will extend its taper.

  • Stocks steady post-Fed     Wednesday, 30 Jul 2014 | 2:07 PM ET

    Traders seem to be focused on the Fed saying a range of indicators suggest significant underutilization of labor resources, with CNBC's Bob Pisani.

  • Here's what changed in new Fed statement Wednesday, 30 Jul 2014 | 2:03 PM ET
    The Federal Reserve building in Washington.

    This is a comparison of today's FOMC statement with the one issued after the Fed's previous policy-making meeting on June 18.

  • Federal Reserve Chair Janet Yellen speaks at a press conference after the 2014 Federal Open Market Committee meeting at the Federal Reserve Board Building in Washington, DC, June 18, 2014.

    The Fed cut its bond-buying purchases by $10 billion, and said rates will stay in the current range for a considerable time after the bond purchases end. The "Street Signs" crew digs into the market's reaction, with Bob Doll, Nuveen Asset Management, and David Kelly, JPMorgan Funds.

  • Fed tapers by $10 billion     Wednesday, 30 Jul 2014 | 2:00 PM ET

    CNBC's Hampton Pearson reports the Federal Reserve has cut its bond-buying purchases by $10 billion to $25 billion per month.

  • Bank of America to pay $1.27 billion in fraud case Wednesday, 30 Jul 2014 | 1:59 PM ET
    A Bank of American branch office in Oakland, Calif.

    A U.S. district court in Manhattan has ruled that Bank of America must pay the U.S. government $1.27 billion in a Countrywide "hustle" fraud.

  • Feels like 2% economy: Pro     Wednesday, 30 Jul 2014 | 1:09 PM ET

    Discussing Q2 GDP data, and the current market environment, with Jill Cuniff, Edge Asset Management President, and Lee Partridge, Salient Partners CIO.

  • Is US the new Switzerland?     Wednesday, 30 Jul 2014 | 1:05 PM ET

    CNBC's Ron Insana explains why the United States is regarded as a safe play around the world.

  • Q2 US growth forecast     Wednesday, 30 Jul 2014 | 1:02 PM ET

    CNBC's Steve Liesman reports on new GDP forecasts for the U.S. economy.

  • Ex-IRS official called conservatives 'crazies Wednesday, 30 Jul 2014 | 12:24 PM ET

    A key GOP lawmaker says the remarks show that Lois Lerner was biased against conservative groups and targeted them for extra scrutiny. In a series of emails with an associate in November 2012, Lerner made two disparaging remarks about some members of the GOP, including one remark that was a profane characterization.

  • GOP blocks tax hike on firms moving overseas Wednesday, 30 Jul 2014 | 11:20 AM ET

    The Senate voted 54-42 to end debate on the bill, six short of the 60 votes needed to advance it. The White House says President Barack Obama supports the legislation.

  • Global unrest—helping the economy? Wednesday, 30 Jul 2014 | 10:41 AM ET
    Pro-Russian armed militants stand guard at a barricade which faces a position manned by Ukrainian army soldiers near the eastern Ukrainian city of Slavyansk, Donetsk region, on May 23, 2014.

    All of the conflict and unrest in the world is troubling, but the silver lining is that it may actually be helping the economy, says Ross Gerber.

  • WASHINGTON, July 30- The U.S. House of Representatives Financial Services Committee narrowly approved a bill on Wednesday that would require the Federal Reserve to set a specific rule to follow when implementing monetary policy. Even if it were approved by the Republican-led House, there is no sign the Democrat-controlled Senate would take it up.

  • Strong second quarter sparks rate-hike talk Wednesday, 30 Jul 2014 | 10:23 AM ET

    A stunning acceleration in second quarter growth and a jump in inflation triggered a new round of speculation that the Fed will have to speed up plans to hike rates.

  • Yemen ends fuel subsidies, nearly doubling prices Wednesday, 30 Jul 2014 | 10:14 AM ET

    SANAA, Yemen— Fuel prices in Yemen nearly doubled Wednesday as the government ended a fuel subsidy program costing billions of dollars, sparking scattered demonstrations that saw one person killed as authorities quickly dispersed protesters, security officials said.

  • IMF says Cyprus will need more spending cuts Wednesday, 30 Jul 2014 | 10:08 AM ET

    NICOSIA, Cyprus— Cyprus' president on Wednesday rebuffed an International Monetary Fund assessment that Cyprus will need to make additional spending cuts to meet a key target of its financial rescue program.

  • Global chaos still hurts Hillary Clinton Wednesday, 30 Jul 2014 | 9:09 AM ET
    Hillary Clinton remarks on Women Decison-Makers in the Global Economy at the Clinton Global Initiative annual meeting in New York.

    Hillary Clinton's record as secretary of state ties her political standing to the condition of U.S. foreign policy even after her D.C. departure.

  • Private sector payrolls come in weak in July Wednesday, 30 Jul 2014 | 8:15 AM ET
    Pedestrians walk by a now hiring sign posted in the window of a Ross Dress for Less store on June 6, 2014 in San Francisco.

    Private businesses created 218,000 jobs in July, a number that while solid and in line with previous months fell below expectations, according to ADP.

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