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
The Federal Reserve is focusing too narrowly on its dual mandate, the former Dallas Fed president says.
If Fed Chair Janet Yellen wants to prove that policymakers are not being pulled along by investors, this week may offer a rare moment to do so.
A monthly survey of builder confidence jumped a striking 6 points in September to the highest level in nearly a year.
Donald Trump's new tax plan gives the top 1 percent an average cut of at least $122,400, according to a new analysis.
Just when a range of economic data got weak enough to give the Fed a pass on hiking rates, there was a surprise pickup in inflation last month.
A key measure of consumers' attitudes was unchanged this month, edging below expectations, according to preliminary data.
Donald Trump's idea to cut taxes to spur economic growth "does not work" in theory or practice, the co-founder of the CEPR said Friday.
Prices increased more than expected in August, pointing to a steady build-up of inflation that could allow the Fed to raise interest rates this year.
Capital levels "have historically not had much predictive power for bank failures," Summers and a co-author assert.
"My plan will embrace the truth that people will flourish under a minimum government burden," Trump also says.
Consumers spent a lot more at restaurants and bars in August, while cutting back on big ticket items like cars and furniture.
On Thursday's low, the stock is down nearly 20 percent from its 52-week intraday high.
Small businesses are getting left behind, finds a Harvard Business School report.
A drop in retail sales raises worries about the health of the consumer and reaffirms a widespread view that the Fed is not likely to raise rates.
But initial claims for unemployment benefits last week were slightly higher than the previous week.
Americans blame political gridlock in Washington for declining economic competitiveness and hold both Democrats and Republicans responsible.
The U.S. is falling short on a number of critical measures of competitiveness, a Harvard study finds.
Producer prices were flat in August as the cost of energy products declined and trade services fell, but underlying producer inflation firmed.
U.S. retail sales fell more than expected in August amid weak purchases of automobiles and a range of other goods.
Manufacturing in New York state remained weak in September, while a Philadelphia business gauge unexpectedly jumped.
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