The Federal Reserve should wait until the first half of 2016 before raising interest rates, a top U.S. central banker said on Wednesday, or risk undermining the very recovery it has helped engineer.» Read More
Friday's debt ceiling resumption will not affect the "Aaa" credit rating of U.S. government debt, Moody's Investors Service said on Wednesday.
New orders for U.S. factory goods fell in December, but rose with the volatile transportation sector excluded from the data.
U.S. small businesses boosted borrowing in December, signaling that economic growth may continue apace in the early part of this year.
The "extraordinary measures" the Treasury uses to avoid the debt ceiling won't last as long as in previous debt ceiling crises, Jack Lew said.
The growth prospects for the US economy are better than the data show, says Harvard economist Martin Feldstein. Here's why.
U.S. manufacturing grew at a substantially slower pace in January as new orders plunged by the most in 33 years.
U.S. manufacturing grew less briskly in January after hitting an 11-month high the prior month as output slowed.
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).