With expectations increasing that first-quarter growth will be nowhere close to some projections, there's good news: The rest of the year still looks fine. » Read More
U.S. central bank should continue raising interest rates gradually over the next couple of years, said Raphael Bostic. » Read More
Sales of new U.S. single-family homes unexpectedly fell for a third straight month in February, weighed down by steep declines in the Midwest and West. » Read More
New orders for key U.S.-made capital goods rebounded more than expected in February after two straight monthly declines as shipments surged. » Read More
China has blocked many U.S. internet companies, including Facebook and Google, so they have very small businesses in China.
This is the fourth straight month of gains for the index.
Investors' expectations for three or four rate hikes by the Fed in 2018 are likely overblown, influential bond investor Bill Gross said.
The number of Americans filing for unemployment benefits unexpectedly rose last week, but the increase was marginal, suggesting strong job growth in March that should underpin consumer spending.
U.S. tariffs could raise steel prices by 30 percent and may prompt Deere & Co to switch materials, but the company will absorb the costs, said its CEO Samuel Allen.
The quarter-point rate hike announced by the Fed was expected. The FOMC's March meeting was Jay Powell's first as chair.
This is a comparison of Wednesday's FOMC statement with the one issued after the Fed's previous policymaking meeting on January 31.
Federal Reserve Chairman Jerome Powell will give his first press conference Wednesday after taking the top position at the central bank in February.
But the U.S. central bank raised its 2019 projection, saying it sees the benchmark rate at 2.9 percent.
"A number of participants in the [Federal Open Market Committee] did bring up the issue of tariffs," Federal Reserve Chairman Jerome Powell said at a news conference.
As Fed Chairman Jerome Powell gets set to deliver his first news conference Wednesday, he has a good example of what not to do from the fairly recent past.
U.S. home sales surged in February but a chronic shortage of houses on the market remains an obstacle heading into the spring selling season.
There are an increasing number of signs and signals that the economy is entering the very late stages of economic recovery.
The U.S. will consider re-entry to the trade deal once Washington accomplishes its other trade goals, Mnuchin said.
U.S. subsidies for its soybean farmers have given them an unfair competitive advantage in selling to China and strong restrictive measures need to be taken to prevent dumping, Chinese tabloid Global Times said on Wednesday.
For the first time this year, mortgage rates dropped, but not enough to spur refinances — which took a sharp dive.
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