Fed sees gradual economic recoverySource: msnbc.com
The Federal Reserve says the unfolding recovery will probably be gradual, as modest growth keeps the nation's unemployment rate elevated over the next several years.
Stocks fall slightly after economic dataSource: msnbc.com
Stock futures are pointing to a mixed opening Tuesday after a new report showed the economy grew at a slower pace in the third quarter than first anticipated.
Senate panel to consider Bernanke nominationSource: msnbc.com
Federal Reserve Chairman Ben Bernanke's nomination to a second term will be the subject of a Senate Banking Committee hearing next month, the panel's chairman said Friday.
State unemployment hints at recoverySource: msnbc.com
The pace of job losses slowed in many U.S. states in October, and the unemployment rate slipped in hard-hit Michigan, the Labor Department said on Friday.
U.S. savings rate hits lowest level since 1933Source: msnbc.com
Americans' personal savings rate dipped into negative territory in 2005, something that hasn't happened since the Great Depression. Consumers depleted their savings to finance the purchases of cars and other big-ticket items.
Jobless claims show labor market healingSource: msnbc.com
The number of U.S. workers filing new applications for jobless insurance was unchanged last week, but the four-week moving average of claims dropped to its lowest in almost a year.
Stocks end back-and-forth day slightly higherSource: msnbc.com
Stocks finished an erratic session mixed as higher commodity prices lifted energy and materials shares. Major indexes had their third straight advance, reaching 13-month highs.
Wholesale inflation increases less than expectedSource: msnbc.com
Producer prices rose more slowly than expected in October despite a rebound in food and energy costs, according to a government report on Tuesday that pointed to tame inflation pressures.
Bernanke: Fed will keep eye on sliding dollarSource: msnbc.com
Federal Reserve Chairman Ben Bernanke says the central bank will keep a close eye on the sliding U.S. dollar even as he pledges anew to keep interest rates at record lows.
National debt grows $1 million a minuteSource: msnbc.com
Like a ticking time bomb, the national debt is an explosion waiting to happen. It's expanding by about $1.4 billion a day - or nearly $1 million a minute.
Dollar stumbles to 15-month lowSource: msnbc.com
The dollar dropped to a 15-month low as the the euro rose above $1.50, even as Treasury Secretary Timothy Geithner reiterated his stance that a strong dollar is good for the U.S. economy.
World Bank: Job losses threaten U.S. economySource: msnbc.com
Stubbornly high joblessness threatens to trigger loan defaults and drag on consumption next year, hobbling a U.S. economy struggling to rebound from recession, World Bank President Robert Zoellick said Wednesday.
Geithner encouraged by policies in AsiaSource: msnbc.com
Treasury Secretary Timothy Geithner said Wednesday he's encouraged by efforts in Japan and China to spur domestic demand instead of relying so heavily on American consumers.