The prospective nominee promises to pursue a stable dollar if confirmed to a central bank board that he thinks is too dominated by academics. » Read More
First-time claims for state unemployment benefits were expected to total 205,000 in the most recent week, up slightly from the 196,000 claims reported for the previous week. » Read More
By: Jeff Cox
The decline was due in large part to a 28.2 percent decrease in its goods deficit with China as exports to the nation surged » Read More
Industrial production was negative for the first quarter since the third quarter of 2017, and that could signal weaker economic growth than some economists expect.
Yale University economics professor Robert Shiller suggests President Trump's policies will prolong the bull market.
Chicago Federal Reserve President Charles Evans said on Monday that he'd be comfortable leaving interest rates alone until autumn 2020.
Economic growth won't last as the U.S. labors under the burden of growing entitlement programs, former Fed Chairman Alan Greenspan tells CNBC.
Fears that a recession is on the horizon spiked last month when bond markets gave signals that confidence in the economy is dimming.
In recent days, at least four GOP senators said they would not back Cain, seeming to torpedo the nomination before it even become official.
The economist says slowing growth in China and Europe, deflation of a tech bubble and corporate debt could all being on the next recession.
U.S. import prices were expected to rise 0.4% in March, after rising 0.6% a month earlier.
The U.S. is economy likely slowing from its strong rate of growth in 2018, with "important international risks" clouding the outlook, Federal Reserve vice chairman Richard Clarida said on Thursday.
U.S. producer prices increased by the most in five months in March, but underlying wholesale inflation was tame.
First-time claims for state unemployment benefits were expected to total 211,000 for the most recent week, up from the 202,000 claims reported for the previous week.
Speaking to reporters at a private lawmakers' retreat, House Speaker Nancy Pelosi called conservative commentator Stephen Moore and businessman Herman Cain "the worst, ill-suited appointments that the president could come up with."
Worries about the global economy percolate even as equities around the world rise, but an economist at Ned Davis Research says the worst of it may be over.
St. Louis Federal Reserve President James Bullard said the Federal Reserve needs to "tread carefully" to keep the economy growing. Financial markets are sending worrisome signals about the U.S. economic outlook, Bullard said.
Trump and economic advisor Larry Kudlow have also called for lower rates, though the Fed generally makes decisions independently of political demands.
Top lawmakers also say they are growing increasingly worried about the politicization of the Fed.