U.S. consumer spending fell for a second straight month in January, as lower gasoline prices continued to weigh on receipts at service stations.» Read More
Billionaire Stanley Druckenmiller said quantitative easing is just another version of trickle-down economics. Some economists agree.
It seems more and more that there is a communications breakdown between the Fed and the market even while the Fed is saying more than it ever has.
The number of Americans filing new claims for jobless benefits rose last week, but two states appeared to be working through a backlog of unprocessed claims.
Factory activity in the U.S. mid-Atlantic region increased by the most in more than two years in September and firms' optimism about the future hit a 10-year high.
The Fed lost its chance for a "freebie" by deciding not to taper, the founder of hedge fund Duquesne Capital said.
An economy stumbling toward recovery was not enough to sway the Fed, which said it will not begin pulling back on its asset-purchasing program.
U.S. consumer prices barely rose in August as the cost of energy fell, but an increase in rents and medical care costs pointed to a stabilization in underlying inflation.
"We cannot afford for Congress to gamble with the full faith and credit of the United States of America," Lew said.
As the U.S. economy is gaining traction, economists argue that the growth is why things look bad for the dollar and bond markets.
No Larry Summers at the Fed may have triggered a bigger market reaction than the Fed will muster with its own policy statement Wednesday.
AAA has come up with a sobering statistic: the average price of gasoline will surpass $3 per gallon Tuesday for the 1,000th consecutive day.
Industrial production rose as a bounce back in motor vehicle assembly lifted manufacturing output, a hopeful sign for the economy.
Pimco's Mohamed El-Erian told CNBC he expects a $10 billion to $15 billion reduction.
The pace of growth in New York state's manufacturing sector unexpectedly slowed this month but firms' outlook brightened.
Despite opposition, the White House might still have muscled Larry Summers into the Fed chair but it would have meant cutting deals.
The employment gap between high- and low-income families has stretched to its widest levels since officials began tracking the data a decade ago.
U.S. consumer sentiment fell to a five-month low in September, with Americans worried that higher interest rates will put a damper on the housing market and overall growth.
Alberto Gallo, head of European macro credit research at RBS, tells CNBC that they remain positive on Europe and believe there are signs of a turnaround.
U.S. retail sales rose less than expected in August even as demand increased for automobiles and other big-ticket items.
Minimum wage workers in California would earn $10 an hour by 2016 under a bill passed by the legislature on Thursday.