Fed interest rate hikes may not be as far off as investors believe, Kansas City Fed President Esther George told CNBC.» Read More
President Barack Obama met with the business executives to address how to get long-term unemployed Americans back to work. Experience may not help.
Though most American households are in a spending mood, consumers at the bottom end of the ladder are waiting to shop.
A closely-watched barometer of business conditions dipped in January, showing employment conditions declining as prices rose.
U.S. consumer sentiment dipped slightly in January, with recent economic improvement not translating to expectations for future gains, a survey released on Friday showed.
U.S. consumer spending rose more than expected in December, but weak income growth suggested the economy could cool off a bit.
As the economy shrugged off the effects of the government shutdown, economists said President Obama faced an uphill battle to burnish his legacy. The NYT reports.
The number of new claims for unemployment rose more than expected last week, as fourth quarter growth also fell short of expectations.
Signed contracts to buy existing homes dropped 8.7 percent in December as abnormally cold weather hit much of the US, according to a new report.
Applications for U.S. home mortgages edged slightly lower in the latest week, an industry group said on Wednesday.
This argument that the rich keep getting richer while the majority have hit a brick wall is full of holes, says Troy University's Daniel Smith.
With the exception of Wall Street's biggest banks, the financial sector appears to be getting ready to add workers to payrolls.
Orders for long-lasting U.S. manufactured goods unexpectedly plunged in December, which could cast a shadow on the economic outlook.
The Commerce Department said new orders fell 4.3 percent in December, a huge disappointment (economists expected orders to rise 1.5 percent).
Despite signs that the U.S. economy is gaining traction, Stephen Roach, ex-chairman of Morgan Stanley, says the recovery appears to be a "false dawn."
CNBC's Fed Survey predicts the Fed will taper its asset buying with a $10 billion reduction at each of its meetings this year.
Billionaire hedge fund manager Paul Singer feels for the poor but thinks increasing minimum wages is a terrible idea.
Consumers grew more optimistic about both business conditions and the job market, a new report showed.
In a new survey of business economists, 70 percent said the Fed's taper policy will not hurt corporate profits or capital spending.
On Tuesday for his State of the Union speech, Obama will have a message for the Congress that has stymied his agenda for the past three years.
For Obama, Tuesday's State of the Union speech will likely be more of an opportunity to press the reset button than a feel-good moment. NBC News reports.
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