U.S. business investment spending plans fell for a seventh straight month, suggesting the economy could struggle to rebound from a soft patch.» Read More
The OFII said TPP would create 68,000 direct jobs tied to an estimated $20 billion boost in foreign direct investment.
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.
U.S. consumer prices rose in March, with signs of some inflation that should keep the Fed on course to start raising interest rates this year.
U.S. consumer sentiment rose more than expected in April, a survey released on Friday showed.
The number of Americans filing new claims for jobless benefits unexpectedly rose, but the trend continued to point to a strengthening labor market.
U.S. housing starts rose far less than expected in March and permits recorded their biggest drop since last May.
Foreclosures, which include foreclosure notices, scheduled auctions and bank repossession, were up 20 percent to a total of 122,060 last month.
Manufacturing activity growth in New York State unexpectedly contracted in April, as the pace of new orders fell to a multi-year low.
Home builders are bullish on low interest rates and continued job growth as spring home buying season kicks into high gear.
U.S. producer prices rose in March after four straight months of declines and there were signs of some firming in underlying inflation.
U.S. small business confidence fell in March as hiring and capital spending plans weakened, signs that growth braked sharply in the first quarter.
U.S. business inventories rose slightly more than expected in February as sales remained weak.
A senior Fed official has warned that last autumn's "flash crash" in US Treasurys could happen again, the FT reports.
The case for the Fed to raise U.S. interest rates in June remains "strong," a top Fed official said on Friday.
U.S. import prices fell in March as rising petroleum costs were offset by declining prices for other goods.
More Americans sought unemployment benefits, though applications for jobless aid remain low, a reassuring sign after hiring slowed last month.
Despite a strong job market, many Americans still feel that the economic recovery has not really taken hold for them. The Fiscal Times reports.
While the Fed contemplates boosting rates, former Clinton Treasury Secretary Larry Summers tells CNBC policymakers should be more concerned about acting too early than too late.
The Fed should look for "a little more proof than usual" that labor markets are tightening, said Jerome Powell, a central bank governor, in remarks prepared for a Wednesday speech.
Americans' views on the state of the economy improved in the latest CNBC All-America Economic survey.