"Given the volatility in the market," Lazear argues, "probably a few weeks worth of patience is not a terrible thing at this point" from the Fed on interest rates. » Read More
By: Steve Liesman
The original estimate that the partial shutdown would subtract 0.1 percentage point from growth every two weeks has now been doubled. » Read More |
The U.S. economy "feels good" and shows no sign of a recession in the next 12 months, says Lutnick, also CEO of Cantor spinoff BGC Partners. » Read More |
By: Jeff Cox
Investor Jeffrey Gundlach warns that the debt load is about to become a bigger problem. » Read More |
Growing positive sentiment between the U.S. and China recently bodes well for stocks, says OppenheimerFunds' Krishna Memani.
Janet Yellen, former chair of the Federal Reserve, made the comments Monday during the National Retail Federation's annual Big Show in New York.
It will only take another two weeks to cost the economy more than the $5.7 billion Trump demanded for the border wall.
U.S. consumer prices fell for the first time in nine months in December amid a plunge in the cost of gasoline.
California Gov. Gavin Newsom pledges the state will provide unemployment insurance benefits for furloughed workers impacted by the partial federal government shutdown.
Under the proposal, Trump could dip into money set aside to fund civil works projects all over the country including storm-damaged areas of Puerto Rico.
Furloughed workers will lose over $2.2 billion in missed paychecks as the government shutdown enters day 21. The unemployment rate could jump a few tenths of a percent in January due to the impact of the shutdown.
The odds of a recession have grown to the highest level in seven years, according to a monthly poll by The Wall Street Journal.
Investors looking for an easier Federal Reserve should be careful what they wish for, as such cycles can portend bad news down the road.
A prolonged government shutdown could have a negative impact on the U.S. economy, Federal Reserve Chairman Jerome Powell says.
The number of Americans filing applications for jobless benefits fell more than expected last week, pointing to a strengthening labor market that could further ease concerns about the economy's health.
China's Commerce Ministry said the latest round of trade talks with the U.S. established a foundation for the resolution of each others' concerns.
As President Trump jawbones the Federal Reserve, the likelihood that he's going get what he wants this year from the central bank grows.
Fitch warned the ongoing U.S. government shutdown could soon start to negatively impact the debt ceiling.
Job openings edged lower in November but there were still 800,000 more vacancies than there were workers to fill them.
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