While the Fed appears to be floating the idea of buying equities in the future, two experts say they have concerns about such a plan. » Read More
The comments Clinton and Trump made about Detroit provide a blueprint of their messages and how they would address the economy.
A measure of consumers' attitudes rose this month because of higher income households.
Spending unexpectedly fell but inflation showed signs of accelerating, mixed signals that could keep the Fed cautious about raising rates.
Since it emerged from bankruptcy reorganization, Detroit's economic revival has attracted a range of public and private investment opportunities.
The Federal Reserve could get benefits from buying assets other than long-term U.S. debt if in a future downturn, Chair Janet Yellen said.
Wells Fargo Bank has agreed to pay more than $4.1 million to resolve allegations it illegally repossessed cars owned by military members.
"We can continue to be patient," Powell said. "We are in a global environment in which growth is weak and there are deflationary forces."
The U.S. economy grew at a modestly faster pace in the second quarter than previously estimated, the government reports.
More Americans sought unemployment benefits last week, but the number of applications remained low at 254,000.
Governments need to step in with pro-growth fiscal policies because central bank influence will fade, the Allianz chief economic adviser tells CNBC.
Esther George wants to make sure that the Fed raises rates slowly now so it does not have to raise them quickly later.
Cleveland Federal Reserve President Loretta Mester said on Wednesday that doing so can prolong economic expansion.
Fed Chair Janet Yellen also tells Congress many of her colleagues believe it's appropriate to tighten rates this year if no significant new risks arise.
Kashkari says the Federal Reserve can keep interest rates low for longer.
Orders for non-military goods other than aircraft rose for a third straight month in August, a positive signal for the business investment outlook.
Central bank policy has suppressed bond yields in many countries, but the U.S. credit market still looks attractive, experts told CNBC.
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