Retail sales post big gain in September as consumers show unexpected strength
Consumers spent at a much faster pace than expected in September, with retail sales rising 1.9% in a sign that...
Breaking News: Economy
Fed’s Quarles sees need for more reforms to short-term funding markets
Randal QuarlesHailey Lee | CNBCShort-term funding markets seized up during the early days of the coronavirus pandemic, demonstrating that more...
Jobless claims jump, hitting highest level since mid-August
American workers continued to hit the unemployment line in large numbers last week, with 898,000 new claims filed for jobless...
Jobless claims were worse than expected amid slowdown in hiring
First-time claims for unemployment benefits totaled 840,000 last week, higher than expected in another sign that the spike in job...
Fed officials worried that lack of help from Congress will threaten recovery, minutes show
Federal Reserve officials worried that a lack of further fiscal stimulus would jeopardize an economy recovery that was moving faster...
Fed’s Kashkari warns that delaying stimulus will have ‘enormous consequences’
Minneapolis Federal Reserve President Neel Kashkari became the latest central banker to warn against not getting more stimulus to the...
Trump’s ending of stimulus talks will mean a ‘much slower’ recovery, Fed’s Mester says
President Donald Trump's announcement that no further stimulus talks will happen until after the November election will put a dent...
Fed Chair Powell calls for more help from Congress, says there’s a low risk of ‘overdoing it’
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC)...
Hiring slowdown: Jobs gain falls far short of expectation
Nonfarm payroll rose by a lower than expected 661,000 in September and the unemployment rate was 7.9%, the Labor Department...
Jobless claims edge lower to 837,000 as slow recovery continues
First-time claims for unemployment insurance totaled 837,000 last week, the Labor Department said Thursday as the jobs market continues its...
Companies added better than expected 749,000 jobs amid jump in construction, hospitality, ADP says
Companies added jobs at a faster-than-expected pace in September due in good part to a surge in manufacturing hires, according...
Weekly jobless claims rise unexpectedly, total 870,000
The number of first-time filers for unemployment benefits were slightly higher than expected last week as the labor market continues...
Jobless claims were lower than expected but employment growth is still sluggish
First-time claims for unemployment insurance beat Wall Street estimates last week as the U.S. economy enters a critical new stage.Filings...
Alan Greenspan lists inflation and the budget deficit as his biggest concerns
Former Federal Reserve Chairman Alan Greenspan said his biggest economic concerns in the U.S. are inflation and the budget deficit."My...
Trump touts big job gains, says the U.S. is ’rounding the corner’ on the coronavirus
U.S. President Donald Trump listens to a question during a news conference at the White House in Washington, September 4,...
Powell says low interest rates could last for years
Federal Reserve Chairman Jerome Powell, wearing a face mask, testifies before the House of Representatives Financial Services Committee during a...
U.S. is still in a ‘very significant recession’ despite job gains, Fed’s Rosengren says
Job creation in August represents continued improvement in the U.S. economy but a full recovery won't happen until the coronavirus...
Fed’s Clarida says rates won’t rise just because unemployment falls
The Federal Reserve will not raise interest rates just because the unemployment rate is falling, central bank Vice Chairman Richard...
Powell announces new Fed approach to inflation that could keep rates lower for longer
The Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run hotter...
