While the CNBC Fed Survey says nearly half expect Trump to nominate Jay Powell, Wall Street thinks he should name Yellen. » Read More
Existing home sales rose 0.7 percent to a seasonally adjusted annual rate of 5.39 million units last month. » Read More
By: Jacob Pramuk
Senators will now have to reconcile their budget resolution with a starkly different one passed by the House. » Read More
If Donald Trump issues a response to the Federal Reserve's expected rate hike, things could get heated, UBS' Art Cashin says.
Here's what you can expect if you are worried about what the increase in the Federal funds rate means for your finances.
Rate hike chatter will dominate coverage of the FOMC's two-day meeting this week, but not in the typical sense, NBC News reports.
The Labor Department said its producer price index for final demand increased 0.4 percent, the largest gain since June.
U.S. industrial production fell 0.4 percent in November, a bigger drop than anticipated, due to a steep decline in utility output and a dip in manufacturing.
U.S. retail sales barely rose in November as households cut back on purchases of motor vehicles.
Opponents from apparel makers to big retailers unite against a plan to penalize U.S. importers.
Borrowers are still adjusting to a housing market with higher rates.
"If the 10-year goes above 3 percent, you would also have to say unequivocally you have seen the end of the bond bull market," Gundlach said.
In addition to the Fed raising rates this week, 44 percent of respondents see a May hike, too.
U.S. import prices dropped on declining petroleum costs, with renewed dollar strength threatening to keep imported inflation subdued.
Qatar's sovereign wealth fund will invest $10 billion in infrastructure projects inside the United States.
Trump's challenges to China on trade and Taiwan are rattling American companies who have long benefited from stable relations.
Gas prices are poised to approach $3 per gallon in parts of the country early next year following multiple deals to cut oil production.
November saw a big surprise in politics and a major jump in job creation, according to a report Wednesday from ADP and Moody's Analytics.
Personal consumption rose 0.3% in October from a month earlier, the Commerce Department said on Wednesday.
Dallas Fed President Robert Kaplan says future rate hikes will depend on Trump's policies, the dollar and the GDP.
"Mexico has better treaties with the rest of the world than the United States has. We're going to fix that," Wilbur Ross tells CNBC.
Consumers had a more optimistic outlook about the economy, according to a monthly survey released Tuesday.
The U.S. economy notched its best performance in two years, buoyed by strong consumer spending and a surge in soybean exports.
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