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The Fed is about to make a major policy change. Here’s how it works

Consider the Fed the Starship Enterprise: It went where no central bank had gone, and now must plot the journey home.

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US existing home sales stumbles as prices hit record high

The National Association of Realtors said existing home sales dropped 1.8 percent to a seasonally adjusted annual rate of 5.52 million units last [...]

Small businesses are split over Republican health-care plans

Small business owners often resent the cost and regulatory burden of complying with the health-care law, N>Y. Times [...]

Democrats take aim at big business and drug prices in new economic campaign

Democrats led by Pelosi, Schumer and Warren roll out their 2018 economic platform titled "A Better [...]

Investor confidence and America’s status as the world’s economic leader are at risk under Trump

As Trump strains the justice system and upends American commitments, the president poses two kinds of [...]

Here’s what could come out of the UK trade secretary’s meeting with Wilbur Ross

Commerce Secretary Wilbur Ross will begin talks with Britain Trade Secretary Liam Fox for a new trade [...]

Leading indicators beat expectations in June

Leading indicators increased in June, beating expectations and pointing to an improving economic [...]

Bill Gross is worried that central banks will lead the world into recession

Bill Gross is sending up a cautionary warning about rising interest rates ahead and the damage they can [...]

BlackRock bond guru sees low rates for longer no matter who becomes the next Fed chair

BlackRock's Rick Rieder says the new Fed chair's transition will be [...]

US jobless claims fall to near five-month low

The number of Americans filing for benefits fell more than expected, suggesting another month of strong job [...]

US homes are now more valuable than ever

The median home value in June surpassed $200,000, up 7 percent from a year ago, according to Zillow. [...]

The Canada-Mexico trade deal talks will start in DC on Aug 16

The first round of talks revamping NAFTA will be Aug. 16-20 in [...]

US officials demand China make its trade ‘more fair’ at talks

Trump administration officials want U.S. companies to have more access to China's [...]

3 sides agree on 7 rounds of NAFTA talks: Sources

U.S., Mexican and Canadian trade officials plan to hold seven rounds of talks to wrap up renegotiation of the [...]

Trump promised to transform NAFTA or scrap it. Instead, he’s tweaking it.

Most of the Republican Party is populated by die-hard free traders who wouldn’t be fans of a new version of NAFTA, Vox [...]

Rich shouldn’t pay their taxes, Washington state GOP says

Seattle passed a new income tax on households earnings more than $500,000, prompting the state's Republicans to [...]

Sales tax holidays are popular, despite lack of big price markdowns

Tax-free holidays can be a bargain if you shop [...]

US housing starts, permits rebound in June

U.S. homebuilding rebounded more than expected in June after declining for three straight [...]

Mortgage applications jump 6.3% as borrowers rush to refinance

Refinance applications surged 13 percent last week, even as mortgage rates remained [...]

The coming Republican civil war over the budget resolution, explained

Congressional Republicans have yet to enact a single piece of major legislation, Vox [...]

Trump’s trade policies tank homebuilder confidence in July

Homebuilder confidence falls sharply due partly to fears over rising material [...]

A ‘spectacular’ trend is transforming the world’s second largest economy: Stephen Roach says

Morgan Stanley Asia's former chairman, Stephen Roach, debunks China "doomsday" [...]

Foreigners snap up record number of US homes

The jump in international purchases follows a year-ago retreat and comes as a surprise, given the current strength of the U.S. [...]

US import prices post second monthly drop on weak petroleum costs

U.S. import prices fell for a second straight month in June amid further declines in the cost of petroleum products, suggesting inflation pressures could remain benign for a [...]

House Budget Committee proposes boosting defense spending, reshaping welfare programs

The House Budget Committee unveils a plan that would boost defense funding but dramatically reshape social [...]

Private sector group suggests new Canada-Mexico trade deal should look more like scrapped Asia deal

A private sector advisory group is calling for TPP language to be included in the NAFTA renegotiation. [...]

New York manufacturing activity slows sharply in July

Manufacturing in New York state grew for a second month in July but at a much slower pace, as new orders and shipments both [...]

Trump administration reportedly learns lesson from health care, preps polished effort for tax reform

The Trump administration is said to be planning a more coordinated rollout of its tax reform efforts, Axios [...]

Low inflation crimps Fed’s ability to hike interest rates this year

Flat consumer inflation and weak June retail sales triggered doubts that the Fed will be able to raise interest rates again this [...]

Jamie Dimon blows up at DC’s dysfunction, says he’s tired of ‘listening to the stupid s—’

JPMorgan Chase CEO Jamie Dimon expressed frustration at the U.S. federal government during the company's earnings conference call Friday. [...]

Consumer sentiment ticks down to 93.1 in early July survey

Economists expected consumer sentiment to reach 95 in July, according to a survey from Thomson [...]

US industrial output rises for fifth straight month

U.S. industrial production rose for a fifth straight month in June, helped by gains in mining, while the manufacturing sector [...]

US retail sales fall for the second straight month

U.S. retail sales unexpectedly fell in June for a second straight month, which could temper expectations of strong acceleration in economic growth in the second [...]

US Consumer Price Index unchanged in June vs 0.2% increase expected

The U.S. Consumer Price Index was forecast to rise 0.2 percent in June, after edging up 0.1 percent a month [...]

Yellen backtracks: ‘We can never be confident there won’t be another financial crisis’

The central bank chief said regulations have made another crisis less [...]

‘MAGAnomics’: Trump administration brands its plan for 3% economic growth

The economic agenda, which Mulvaney dubs "MAGAnomics," is an effort to get the U.S. back to 3 percent GPD [...]

A shocking number of Americans can’t afford housing

An alarming number of U.S. residents struggle to buy or [...]

Uber offers a thankless job, and the applications flood in

Uber is searching for a new chief executive, and a number of applicants are trying out for the interesting yet chaotic position. NYT reports. [...]

Inflation unexpectedly rose in June as rising services costs offset a drop in energy prices

U.S. producer prices unexpectedly rose in June as sustained increases in the cost of services offset declining energy prices, suggesting a recent moderation in inflation was likely [...]

US jobless claims drop for first time in a month

The number of Americans filing for benefits fell for the first time in a month, the latest indication of labor market strength that is sustaining economic [...]

Here’s what you need to make to live in the most expensive US ZIP codes

You need to pull in $668,078 a year to settle down in California's priciest [...]

Summer is hottest for hiring in two years, LinkedIn study shows

The LinkedIn report says hiring in the U.S. was 12.1 percent higher last month than in [...]

Yellen dodges questions about her future at the Fed

As Yellen gets closer to the end of her term, speculation about whether she'll be sticking around is [...]

Fed chair Yellen: Technology and globalization are eliminating the middle class

Advancements in tech and companies offshoring jobs is an important piece of the puzzle, Janet Yellen [...]

Yellen indicates that Fed may not need to hike rates much more

Markets currently assign just about a 50 percent chance that the Fed will approve another interest rate hike this year. [...]