The International Monetary Fund has revised up its forecast for economic growth this year and next in major industrialised economies and worldwide, according to a document obtained by Reuters on Friday.
Dallas Federal Reserve Bank President Richard Fisher on Thursday gave a muted outlook for the U.S. economy, saying a long period of slow growth lies ahead even when the recession ends.
Banks were pressured to take government bailout funds under the Troubled Asset Relief Program whether they wanted to or not, said Bill Cooper, the chairman and CEO of TCF Financial.
Last week the Congressional Budget Office released its revised estimates for the federal government budget over the next ten years. It should come as no surprise that the outlook has deteriorated even since the CBO's last report just five months ago.
Commercial loans are likely to be the biggest drivers of future bank failure, Sheila Bair, Chairman of Federal Deposits Insurance Corporation, told CNBC Tuesday.
Despite a seemingly endless flow of US government debt into the markets, foreign investors continue to gobble up Treasurys and keep yields relatively low.
Orders for durable goods rose last month by the largest amount in two years, but the rise was mainly fueled by the volatile transportation sector.
Federal Reserve Chairman Ben Bernanke faces a slew of challenges in his second term that will determine whether the US rebounds strongly from recession, Pimco's Mohamed El-Erian told CNBC.
President Barack Obama announced Fed Chairman Ben Bernanke's reappointment this morning. The following are CNBC video highlights, where experts weigh in on Bernanke's performance, working relationships and impact on the markets.
"The next phase is almost as difficult as the first one he presided over in saving the economy from a deeper recession or worse,” says one economist.
The rate at which credit card holders fell behind on their payments was far worse in the second quarter than it was last year, but did improve sharply from the alarming level seen in the first three months of 2009.
Last year, Ben Bernanke seemed nearly as beleaguered as the financial institutions he was protecting, but that image is changing.
Turnabouts in Europe and Asia, along with recent gains in the U.S., are raising hopes that that the global recession is drawing to a close.
Looming in the future is a high-risk challenge for the economy's rescuer-in-chief: He will have to mop up that money without disrupting a nascent recovery. And timing is vital.
Warren Buffett is back with a new piece in the New York Times, but today he's not using the high-profile platform to explicitly urge us all to buy stocks as he did last October. But there's still a big "buy" recommendation implicit in the dollar doomsday scenario he lays out in his latest op-ed.
Customer satisfaction with products and services available to American consumers is high and increasing, according to the latest American Consumer Satisfaction Index (ACSI).
U.S. loan demand fell in the second quarter for every major category bar prime residential mortgages as banks tightened credit standards and borrowers remained cautious, central bank and government studies showed.
Reappointing Fed Chairman Ben Bernanke is the “right thing” to do, said Former Federal Reserve governor Frederic Mishkin on Monday.
The Federal Reserve said Monday it will extend its Term Asset-Backed Securities Loan Facility another six months through it said conditions were improving in some areas.