Topic: Economic Measures

Investors have little choice now but to cling to low-yielding U.S. government debt as European leaders ponder a messy Greek exit from the euro zone, Pimco's Bill Gross told CNBC.

Four years of economic crisis and market turmoil that have sent German bund yields to record lows now have half of the top bond strategists and economists polled by Reuters fearing a Japan-style "Lost Decade".

New York Fed President Bill Dudley, a leading dove on the Federal Open Market Committee, sounding a somewhat hawkish tone in an exclusive CNBC interview, suggested he does not at the moment see a need for additional easing from the central bank.

Joint bonds issued by the euro zone, also known as Eurobonds, are one of the possible solutions to Europe’s debt crisis, Joaquin Almunia, vice president of the European Commission told CNBC, “but many conditions would have to be met” before they were introduced.

New U.S. single-family home sales rose more than expected in April and prices pushed higher, further evidence the housing market was turning the corner.

The World Bank cut its economic growth forecast for China this year to 8.2 percent on Wednesday and urged the country to rely on easier fiscal policy that boosts consumption rather than state investment to lift activity.

U.S. home resales rose in April to their highest annual rate in nearly two years and a falloff in foreclosures pushed prices higher, hopeful signs about the pace of a housing recovery.

The U.S. economy needs "measured" efforts to bolster growth, but the central bank should focus on improving its communications because circumstances do not warrant further bond buying at this time, a top Federal Reserve official said on Monday.

If Greece goes: An exit is likely to shatter faith in the eurozone’s integrity for ever. The Financial Times reports.

Senior U.S. officials say President Obama will use his time with G8 leaders at Camp David this weekend to urge Europe to use the tools it has created to handle its financial crisis and to use them aggressively.

Leading indicators, a gauge of future U.S. economic activity, fell in April for the first time in seven months, according to an industry survey on Thursday that indicated a struggling economic recovery.

Europe's debt crisis, higher oil prices and the year-end budget cuts and tax increases still remain risks to the U.S. economy, Treasury Secretary Timothy Geithner said on Thursday.

Federal Reserve policymakers appear open to further monetary efforts to stimulate the economy according to minutes for the central bank's April meeting.

U.S. industrial production posted its fastest growth in over a year in April, boosted by surging output at utilities and a rebound in manufacturing, the Federal Reserve said on Wednesday.

U.S. business inventories rose modestly in March, according to a government report on Tuesday that suggested first-quarter growth would be revised lower.