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Fed’s Bostic says ‘we won’t have to do anything’ on rates, despite market expectations

Despite market expectations for up to two cuts this year, Bostic said that unless there’s a significant shift in economic performance, the Fed should stay [...]

Deere rises after tractor-maker reports better-than-expected earnings, says farming stabilizing

Deere beat earnings and revenue expectations for its fiscal first [...]

The Federal Reserve thinks low rates have had only a ‘modest’ impact on stock market prices

That’s contrary to the conventional Street wisdom which ties the low rates and money-printing to a market bull run that is less than a month away from its 11th [...]

Expectations for a rate cut will fade as coronavirus fear eases, Fed’s James Bullard says

Central bank officials have indicated that they are content to keep policy on hold as they watch economic developments play [...]

America’s manufacturing recession looks like it could be over

Indicators this week from the key Philadelphia and New York Federal Reserve districts showed a sharp rebound that far exceeded Wall Street [...]

Minimum wage increases aren’t a job killer: Small business survey

Fears that minimum wage increases for workers would crush small businesses and lead to job losses are overblown, according to the Q1 2020 CNBC|SurveyMonkey Small Business [...]

US weekly jobless claims rise modestly

The number of Americans filing for unemployment benefits rose modestly last week, suggesting sustained labor market strength that could help to support the economy amid risks from the coronavirus and weak business [...]

CBO director: Low rates give US time to shrink deficit but spending must eventually be curtailed

“It can’t be done overnight. It has to be done overtime. But with interest rates low, that gives us time,” Phillip Swagel said [...]

Small business confidence rises, signaling a more positive outlook for the US economy

The CNBC/SurveyMonkey Small Business Confidence index climbed two points in the first quarter, from 59 to 61, as concerns over trade policy impacts lessened thanks to a trade deal with China and the signing of the [...]

White House report takes aim at Obama while boasting about Trump’s economic record

The White House issued a vigorous defense of the Trump administration’s economic agenda on Thursday, claiming credit for changing the trajectory of the nation’s record expansion – while taking aim at the Obama administration’s [...]

Fed officials feel rates are likely to stay where they are, minutes show

Minutes from the January Federal Reserve meeting said the “current stance of monetary policy was [...]

US producer prices post biggest gain in more than a year

U.S. producer prices increased by the most in more than a year in January, boosted by rises in the costs of services such as healthcare and hotel [...]

US housing starts fall, while building permits near a 13-year high

U.S. homebuilding fell less than expected in January while permits surged to a near 13-year high, pointing to sustained housing market strength amid lower mortgage [...]

It’s never been this hard for companies to find qualified workers

Nearly 70% of employers reported talent shortages in 2019, a jump of 17 points in only one year and more than three times higher than a decade [...]

Federal Reserve’s Robert Kaplan sees no changes in interest rates this year

The central banker, in an essay released Tuesday morning, backed the wait-and-see approach that his fellow voters on the Federal Open Market Committee have [...]

US oil industry expected to cut spending by 10-15% and restructure, Dallas Fed says

The Dallas Fed, which has the Permian basin in its economic region, expects the oil and gas sector to cut spending by 10% to 15% in [...]

Consumer spending rose modestly in January as clothing store sales fell by the most since 2009

Sales at clothing stores declined by the most since 2009 in January, which could raise concerns about the economy’s ability to continue expanding at a moderate [...]

Consumer sentiment rises in February even amid the coronavirus outbreak

U.S. consumer sentiment figures for February came in higher than expected despite the recent outbreak of the [...]

US January industrial output falls on weather, Boeing drop

U.S. industrial production fell 0.3% in January as unseasonably warm weather held down the output of utilities and Boeing slowed production of civilian [...]

32% of American workers have medical debt—and over half have defaulted on it

Almost a third of working Americans currently have some kind of outstanding medical debt, with about 28% owing $10,000 or more on their bills, according to a new survey from Salary [...]

US weekly jobless claims increase slightly

First-time claims for state unemployment benefits were expected to total 210,000 for the most recent week, up from the 202,000 claims reported for the previous [...]

US Consumer Price Index rose 0.1% in January, vs 0.2% expected

The U.S. Consumer Price Index was expected to rise 0.2% in January, matching the prior month’s [...]

US deficit surges 25% in fiscal 2020 and is $1.1 trillion over the past year

The sea of red ink is hemorrhaging in Washington, with the federal government already racking up a budget deficit that is averaging close to $100 billion a [...]

Household debt jumps the most in 12 years, Federal Reserve report says

Rising mortgage and credit card balances fueled the biggest increase in household debt since [...]

Job openings slide to a two-year low as labor market gets tighter

With unemployment remaining around a 50-year low, the labor market tightened again as 2019 came to a [...]

Powell stresses that Fed is ‘closely monitoring’ coronavirus for hit to China and the world

In his semiannual testimony before Congress, Powell said the new threat comes just as trade uncertainties have diminished, though the U.S. economy appears “resilient” to global [...]

What to look for from Fed Chair Powell’s testimony

Federal Reserve Chairman Jerome Powell heads to Capitol Hill on Tuesday at a touchy [...]

First-quarter US GDP may be as low as 1.2% due to coronavirus, but stocks don’t seem to care

A CNBC survey of 11 forecasters over the weekend finds first quarter GDP estimates averaging just 1.2%, down nearly a point from the fourth [...]

US productivity rebounds in fourth quarter as labor costs growth slows

U.S. worker productivity rebounded in the fourth quarter, keeping labor costs in [...]

US weekly jobless claims drop to a 9-month low

First-time claims for state unemployment benefits were expected to total 215,000 for the most recent week, down slightly from the 216,000 claims reported for the previous [...]

Fed’s Mary Daly says current interest rates put economy ‘in a good place to weather the storms’

San Francisco Fed President Mary Daly said she believes last year’s rate cuts put the U.S. economy in a strong position to deal with external [...]

There’s a 70% chance of recession in the next six months, new study from MIT and State Street finds

Using a scientific method initially developed to measure human skulls, researchers from MIT and State Street say there’s a 70% of recession in the next 6 [...]

US trade deficit falls for the first time in 6 years

The U.S. trade deficit fell for the first time in six years in December as President Donald Trump hammered China with import [...]

Private payrolls soar in January, the best monthly gain in nearly 5 years

ADP/Moody’s Analytics said private payrolls rose by 291,000 in January, nearly twice the expected [...]

Weekly mortgage refinance applications spike 15% as interest rates plunge to lowest in nearly 4 years

Homeowners rushed to take advantage of the sharp drop in interest rates last week. Refinance demand pushed total mortgage application volume up 5% for the week to the highest level since 2013, according to the Mortgage Bankers [...]

A Fed rate cut in 2020 is now on the table as coronavirus spreads, economist says

The spread of the coronavirus could lead global central banks including the Federal Reserve to leverage their policies to stem the weakness, says Benn Steil, international director of economics at the Council on Foreign [...]

Fed’s Bostic says new virus hasn’t changed his outlook

China’s virus outbreak has prompted traders to begin pricing in a U.S. interest rate cut by June but has not swayed the views of Atlanta Federal Reserve Bank President Raphael Bostic, one of 17 Fed officials who set U.S. monetary [...]

US manufacturing activity rebounds in January

The ISM reading came in at the highest level since [...]

China’s coronavirus could bring jobs, manufacturing back to the US, Trump Commerce Secretary Wilbur Ross says

“The fact is, it does give businesses another thing to consider when they go through their review of their supply chain,” Trump Commerce Secretary Wilbur Ross said of the deadly [...]

US weekly jobless claims fall; prior week revised sharply higher

US fourth-quarter GDP rose 2.1% and full-year 2019 posts slowest growth in three years

U.S. gross domestic product was expected to increase by 2.1% in the fourth quarter, in line with the previous [...]

Fourth quarter GDP could show economy entered a slower growth patch at year-end

Economic growth in the final quarter of the year is expected to be on par with third quarter’s 2.1%, but it is also likely to herald the start of a slower trend that could continue through the first half of this [...]

December pending home sales fall 4.9% as supply hits a record low

Pending home sales, which measure signed contracts, not closings, dropped 4.9% in December compared with November, as the supply of homes hit a record low during the [...]

Trump says the Fed should cut rates so the US can pay down its $23 trillion debt

In a tweet Tuesday morning, the president said again said the central bank should cut its key lending rate so it’s more in line with that of its global [...]

Consumer confidence jumps as job-market outlook improves

Consumer confidence grew more than expected in January as the outlook around the labor market improved, data released Tuesday [...]