Economy
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Some retailers may be taking a hit from changing consumer habits, but that doesn't mean the consumer is suffering, Martin E. Franklin says. » Read More
By: Michael J. de la Merced
A $1.2 billion investment by SoftBank is the first step in a promise made with Trump to create jobs in the U.S., the Times reports. » Read More |
By: Kate Rogers
Small business optimism is on the rise in the U.S. Entrepreneurs weigh in on how a Trump presidency will affect their businesses next year. » Read More |
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Cheap, low-sulfur coal from one state feeds the West, but the region is shifting to natural gas and renewable energy.
Fed Chair Janet Yellen also cited steady job creation and increasing job openings.
A survey says officials will raise the Fed's key short-term rate just twice in 2017, starting with a move in June, the Financial Times reports.
U.S. consumer prices moderated in November, but the underlying trend continued to point to firming inflation pressures amid rising rents.
The number of Americans filing for unemployment benefits fell last week as the labor market continued to tighten.
Manufacturers in New York state expanded more quickly this month than in November, driven by a big jump in new orders.
Donald Trump's spending plans may give the Fed the help it's needed for years, Strategas' Jason Trennert tells CNBC.
Wage growth is the key to future interest rate moves by the Federal Reserve, strategist Boris Schlossberg says.
Trump has called for infrastructure spending to boost the U.S. economy, a plan some conservatives in Congress have been wary about.
Fed officials, amid signs that the economy soon could shed its long period of stagnation, approved the first interest rate hike in a year.
The Fed surprised markets by forecasting three rate hikes next year, and that could increase even more once Donald Trump takes office.
Retail sales, an important measure of the consumer economy, grew by just 0.1 percent in November, compared with forecasts for 0.3 percent.
A premature rate hike could prevent the economy from enjoying a robust economic boom, writes Vox's Timothy Lee.
The discussions were friendly, productive and covered a lot of ground, the source said.
Traders boosted bets on a June 2017 rate hike after the Fed raised rates and surprisingly forecast three increases for the coming year.
"I'm not going to give the incoming president advice about how to conduct himself in policy," Fed Chair Janet Yellen said Wednesday.
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