Job creation boomed in February despite the brutal winter conditions, and the unemployment rate dropped to 5.5 percent, the Labor Department said.» Read More
Unless Congress takes action, the U.S. will hit its debt limit on Mar. 16, Treasury Secretary Jack Lew wrote in a Friday letter.
The pay gap between bosses and their workers has increased in every region worldwide since the 2008 financial crisis, according to the latest data.
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.
Kansas City Fed President said the central bank should raise interest rates in the middle of this year, due to almost reaching full employment.
A gauge of growth in the U.S. services sector was modestly stronger than expected in February.
At the height of the crisis in 2009, she told her colleagues things were so bad that people were literally breaking into piggy banks to get cash.
Growth in the U.S. services sector accelerated modestly in February, lifted by improvements in new business, an industry report shows.
Companies added 212,000 positions for the month, down from an upwardly revised 250,000 in January.
Consumers have been filling their pockets with the money they're saving while filling up at the gas pump, Moody's economist Mark Zandi said Tuesday.
The consensus among economists on Wall Street and at the Federal Reserve is that consumer spending will begin to increase in the coming months.
US CEO are modestly more upbeat about the economy and almost half plan to increase capital spending over the next six months.
U.S. consumer spending fell for a second straight month in January, as lower gasoline prices continued to weigh on receipts at service stations.
The pace of U.S. manufacturing growth fell in February to its slowest in 13 months.
The Fed may have to get even more aggressive if its efforts to tighten aren't reflected in short-term rates, he said.
U.S. economic growth braked more sharply than initially thought in the fourth quarter, but the underlying fundamentals remained solid.
The Institute for Supply Management-Chicago Business Barometer fell far more than expected in February, plummeting to 45.8 from January's read of 59.4.
Harsh winter weather left U.S. consumers feeling a bit less confident this month, the University of Michigan said.
Consumer prices dropped in January as gas prices continued to fall, which could give a cautious Fed ammunition to keep interest rates low a bit longer.
More Americans sought unemployment aid last week, though the number of applications was still consistent with steady hiring.
Janet Yellen gives the Senate Banking Committee a decidedly dovish tone on interest rates.