Economic performance will determine when the Fed raises U.S. interest rates from near zero, he said, adding he hopes to tighten policy this year.» Read More
Federal Reserve Chair Janet Yellen said Thursday that harsh winter weather may have had an impact on recent economic data and reiterated her stance that accomodative monetary policy should remain appropriate for some time.
The number of U.S. jobless claims rose last week, but the underlying trend suggested no shift in labor market conditions.
We have now gone three days in a row where the S&P 500 has failed to break to new highs, while retail gives us more of the same.
The Fed keeps telling us the economy is getting better. But has it seen the reports lately? HAS IT?, asks NYSE floor trader Kenny Polcari.
U.S. consumer confidence sagged in February as expectations worsened, according to a private sector report released on Tuesday.
Unusually cold weather will take a bite out of U.S. economic growth, but a rebound seems likely and expectations for stronger growth have not changed.
U.S. single-family home prices ended 2013 on a strong note, soaring by more than 13 percent.
Business economists are divided over whether the Fed will pare back bond purchases at the current pace through year's end or take a small breather.
This year's severe winter weather in the U.S. could easily add up to one of the top five costliest since 1980, causing over $1.5 billion in insured losses so far.
Growth in the U.S. services sector as well as the pace of hiring slowed in February, an industry report showed on Monday, the latest data to suggest an unusually cold winter is dragging on economic activity.
Old Man Winter has been a convenient foil for the recent spate of bad economic news, but he shouldn't be shouldering all the blame.
The price of a gallon of gas rose almost 12 cents in the past two weeks as crises in three areas of the world heightened concerns in the oil market.
An action-oriented plan by the G-20 to boost global economic growth has a good chance of succeeding, the IMF's chief Christine Lagarde said.
Plans to meet a global growth target over the next five years are ambitious but achievable, France's Finance Minister Pierre Moscovici told CNBC.
Group of 20 finance leaders have yet to reach a conclusion on setting a numerical target for global growth.
The generation's unemployment and underemployment may be holding back the U.S. economic recovery. Here's why.
More than five years after the financial crisis, dozens of states and other entities are still feeling the hangover from risky bond bets.
Big changes in QE aren't likely, San Francisco Fed President John Williams says.
Even Fed officials will have trouble reading the economy using the recent batches of "tainted" economic data, veteran trader Art Cashin told CNBC.
U.S. housing starts recorded their biggest drop in almost three years in January, weighed down by harsh weather.