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U.S. consumer prices in May recorded their largest increase in more than two years as gasoline prices surged.
Jim Cramer saw that the most important element of the Fed meeting was barely even discussed and could change everything.
The central bank is likely to raise rates this year, and while it left the door open for a second hike in 2015 it is clearly still worried about the economy.
The FOMC was not expected to make significant changes to its post-meeting statement, with the target funds rate likely to remain near zero.
Respondents to the CNBC Fed Survey continue to look for the Fed's first rate hike in nine years to take place in the third quarter.
Starts fell in May after a hefty increase the prior month, but a surge in permits to a near eight-year high suggested the pullback was temporary.
Sentiment among U.S. home builders took a sharp jump in June to the highest level of the year, despite rising costs for consumers.
Those between 65 and 74, supported by Social Security, pensions and investments, have fared better than most other groups outside the superrich.
A new study issued this week, named "Jurassic Pork," documents the billions of dollars' spent on Congressional earmarks, the Fiscal Times reports.
Factory activity in New York contracted in June, as manufacturers were held back by a strong dollar and investment cutbacks by oil and gas drillers.
The number of Americans filing new claims for unemployment benefits rose slightly, but remained in territory consistent with a stronger labor market.
The U.S. economy was probably not as weak as has been reported in the first quarter, with data showing stronger consumer spending than estimated.
The U.S. labor market added 5.4 million job openings in April, slightly higher than the previous month, the BLS reported Tuesday.
To lure corporate investors, states are doling out billions in grants and tax holidays. But the strategy isn't boosting competitiveness.
U.S. small business confidence increased to a five-month high in May with owners expecting a solid improvement in profits.
Wholesales inventories for April were up 0.4 percent - more than expected - compared to analysts' expectations of 0.2 percent.
The strong May jobs report shows the U.S. economy is ready for a tighter monetary policy, two experts said Monday.
A senior U.S. official denied a report that President Barack Obama had told a G-7 industrial nations' summit that the strong dollar was a problem.
There is some mystery to why a provision dating back to the 1960s that makes little economic sense remains embedded in the government's spending laws.
The U.S. economy created 280,000 jobs in May, better than expected and likely confirming hopes that growth is back on track after a slow start to the year.