Here's the happy news: Despite fears of a dreaded double dip, the economy isn't likely to slip back into recession in 2011, most experts say.
The Federal Reserve issued a new set of guidelines Wednesday that pave the way for healthy banks to begin hiking dividends and repurchasing shares next year.
It's hard to find someone that isn't criticizing the Federal Reserve these days. I keep expecting to see a press release from Lady Gaga in my inbox about why she thinks quantitative easing is the financial equivalent of a bad romance.
Consumer prices for everything other than food and energy are rising, but at a rate so sluggish, it's the smallest price increase on record, the government said Wednesday.
After a two-week sell-off, Treasuries started to make a comeback Tuesday as investors take in the latest inflation data.
Rep. Michele Bachmann shares her views on the Tea Party's impact on politics.
The Fed just injected $75 billion into the American economy, the first of eight such gigantic booster shots. The huge stimulus has unleashed a chorus of criticism by Republican economists and politicians, as well as criticism from the leaders of China, Germany, and the United Kingdom.
Savers, steel yourselves for another low-yield year. Interest rates on savings accounts, CDs, and money markets have been barely there for a while -- bank savings accounts are paying a paltry 0.2% on average, while money-market funds offer a dismal 0.04%.
The Federal Reserve's plan to purchase $600 billion in bonds, in an attempt to stimulate the economy, is coming under fire from a group of prominent conservative economists and political strategists.
Treasury prices fell and yields edged higher Friday as the Federal Reserve began its debt buyback program and concerns persisted over the global economy.
It was only last week that investors were spending all their time analyzing the outcome of the midterm elections, the Federal Reserve's quantitative easing announcement and the October jobs report.
The commodities rally has cooled off, with prices for precious metals, oil and agricultural raw materials plunging Friday after a record-breaking run earlier in the week.
America may be on the ropes, but its neighbor to the North wants everybody to know that, in contrast, it's doing just fine.
U.S. stocks headed for an early selloff Friday, following a volatile trading session in Asian markets that ended with the Shanghai Composite down more than 5%.
President Barack Obama declared Friday that his "number one priority" is preserving tax cuts for the middle class, and sharply denied that comments by his senior adviser David Axelrod suggest that his administration is about to cave in to Republicans who also want to extend the Bush tax cuts for the wealthy.
Ben Bernanke has had his hands full since his first day on the job as Federal Reserve chairman nearly five years ago. It's about to get even tougher.
Changes in the global pecking order are coming.
Life is getting tougher for the average worker, not just in America, but in other advanced nations around the globe.
Accusations of currency manipulation are causing tension, and world leaders are hoping the contentious topic won't turn this week's G-20 gathering in Seoul into an all-out global brouhaha.
If the first episode of "Currency Wars" focused on pressure the U.S., Europe and emerging economies heaped on China for artificially keeping the value of its yuan low, the sequel could be called: "Currency Wars: The Fed Strikes Back."
Treasury yields turned lower Wednesday following a 30-year debt auction and after the Fed released details about its initial purchases under its bond-buying stimulus plan.
U.S. stocks made a comeback Wednesday afternoon to finish higher, as the dollar turned lower after an earlier rally. But the gains were tepid as investors remained jittery ahead of the G-20 meeting.
Historian and diplomat Joseph Nye gives us his view of the shifts in power between China and the United States.
A century ago, the rise of Germany and the fear it created in Britain led to world war. Some analysts predict a similar fate from the rise of China and the fear that is creating in the United States.
U.S. stocks were headed for early gains Wednesday, as investors reacted to better-than-expected economic data.
Stocks slumped while gold rallied to a record high Tuesday as investors continued to grapple with the Federal Reserve's latest effort to stimulate the economy.
Don't look now. But oil prices are getting close to $90 again.
Even with interest rates at historic lows, you might still have a hard time getting a mortgage: Small banks have tightened standards when it comes to lending to homebuyers, according to a survey issued Monday.
Gold prices hit a new record, surging above $1,400 Monday, as commodity prices continued to rally on the back of the Federal Reserve's new $600 billion stimulus plan.
Growing criticism of U.S. Federal Reserve policy is fueling global tensions as leaders of the world's largest economies prepare to meet in South Korea Wednesday.
Corporate earnings season: check. Midterm elections: check. Federal Reserve meeting: check. Jobs report: check.
Eager to fend off any criticism that he's globetrotting just days after a disastrous midterm election, President Obama unveiled about $10 billion in new contracts for U.S. exports to India on Saturday as he launched an aggressive push to show his trip to Asia will deliver jobs back home.
U.S. stocks wavered Friday but ended with slight gains, as investors digested a strong jobs report at the end of a week full of big economic news. All three major indexes closed at fresh two-year highs and the Dow and S&P logged their biggest weekly gains in more than two months.
Treasury prices fell across the board Friday after an upbeat jobs report, ending a week of run-ups on a major Federal Reserve decision and midterm elections.
As Asia's third largest economy and one of the world's fastest growing markets, India is placed high on Obama's goal list to build what he calls a "defining" partnership.
U.S. stocks rallied Thursday, with all three major indexes finishing at two-year highs, as investors continued to cheer the Federal Reserve's announcement to pump $600 billion into the economy.
Treasury prices continued to rise Thursday, after the Fed's launch of a $600 billion bond-buying spree and a weak labor report boosted the appeal of government debt.
Commodity prices have been on a tear since the Federal Reserve hinted back in August that it was prepared to take aggressive action to help boost the economy. The big announcement finally came, and a day later commodities are staging a massive rally.
The elections and the Fed's quantitative announcement are finally in the rear view mirror. Now the real fun begins. It's time for investors to get ready for the latest report on the job market.
On a recent Wednesday night, my wife and I found ourselves in an otherwise empty Beale Street bar surrounded by a group of Australian men.
The Federal Reserve's latest move to help stimulate the economy should help fulfill its obligation "to help promote increased employment and sustain price stability," Fed chairman Ben Bernanke said.
The European Central Bank has left its main interest rate unchanged at one per cent for an 18th consecutive month, maintaining a steady policy course even as the US Federal Reserve launches a renewed wave of "quantitative easing".
U.S. stocks were poised to rise Thursday, as overseas markets rallied on the Federal Reserve's announcement that it will pump $600 billion into the economy.
Long-term Treasury yields rose Wednesday after the Fed announced a huge bond-buying plan -- of mostly short-term Treasuries.
U.S. stocks seesawed Wednesday amid a widely-anticipated Republican victory and the Federal Reserve's announcement of a second round of economy-boosting asset purchases, but managed to end the session with modest gains, pushing the Dow and Nasdaq to their highest levels in over two years.
In its latest move to jump start the sluggish recovery, the Federal Reserve announced it will pump billions into the economy.
Prices of most major commodities stayed mixed Wednesday, even after the Fed announced a $600 billion asset purchase plan.
The U.S. dollar weakened against the euro Wednesday after the Federal Reserve announced a widely anticipated plan to support the economy.
This is the statement of the minutes of the Federal Open Market Committee meeting released Nov. 3, 2010. For analysis of the Fed's interest rate policy and this statement, please see: QE2: Fed pulls the trigger.
In the coming days and weeks, leading Democrats will make the case that their historic trouncing at the polls last night was the inevitable fallout of a brutal economy. In his press conference today the president -- pressed about public disapproval of his policies -- repeatedly referred to an "emergency situation'' that forced the need for a stimulus and the Detroit bailout. There's a bit of déjà vu here: George Bush blamed his plummeting approval ratings on an unpopular war.
According to the Chinese calendar, next year will be the year of the rabbit. But for the Federal Reserve, 2011 is shaping up to be the year of the hawk -- the inflation hawk, that is.
Treasury prices ended the session higher Tuesday as investors continued to anticipate another round of asset purchases from the Federal Reserve.
After an initial boost at the market's open, stocks held steady throughout the day as investors sat on their hands to wait for the outcome of two major events: the mid-term elections and a two-day Fed meeting.
U.S. stocks were set to open higher Tuesday as the nation headed to the polls for the midterm election and the Federal Reserve geared up for a key two-day meeting.
Maybe it's time for the Fed to think outside the box. Wall Street is counting on the Federal Reserve to announce purchases of long-term government bonds on Wednesday, a policy known as quantitative easing. But some Fed watchers think that buying up more plain-vanilla bonds won't work, and recommend more unorthodox strategies. "I think the Fed wants to be creative, and I wouldn't be surprised if they buy assets other than just Treasuries," said Kenneth Naehu, managing director and head of fixed income at Bel Air Investment Advisors. While current law restricts the Fed to buying low-risk assets like Treasury bonds, that's not necessarily set in stone, said Paul Ashworth, U.S. economist with Capital Economics.
Stocks ended a choppy session little changed Monday as investors remained jittery ahead of the week's three big events -- the midterm elections, the Federal Reserve meeting and the October jobs report.
Treasury prices were mixed on Monday as investors responded to a strong manufacturing report, but remained wary ahead of highly-anticipated news later this week.
October was another strong month for markets, but uncertainty kept stocks in a tight range over the past week.
U.S. stocks were set to open higher Monday as investors digest reports on income and spending and await the week's big events - the midterm election, the Federal Reserve meeting and the October jobs data.
Stocks ended October with gains, but uncertainty sent investors to the sidelines Friday following a lackluster reading on economic growth and ahead of next week's Federal Reserve meeting.
The Federal Reserve is likely to announce a plan to pump more money into the economy next week. But some economists worry that the move won't work.
Bond traders have been gearing up for the Federal Reserve's second round of stimulus measures for weeks. With the highly-anticipated announcement just days away, analysts warn that investors could be in for a disappointment.
Commentary: Lakshman Achuthan and Anirvan Banerji are, respectively, co-founder and chief operating officer and co-founder and chief research officer of ECRI, the Economic Cycle Research Institute. The good news is that the much-feared double-dip recession is not going to happen.
Nevada Republican Senate candidate Sharron Angle says in a campaign ad that Democratic incumbent Harry Reid is the "best friend an illegal alien ever had." According to her, he tolerates illegal people "sneaking" across the border and receiving "illegal Social Security benefits."
Stocks lost early momentum, turning lower midmorning as investors remained jittery ahead of next week's Fed meeting.
U.S. stocks were set to rally Thursday, as investors reacted to earnings report from Exxon Mobil and 3M and better-than-expected weekly government jobless claims data.
Investors have been cheering about the prospect of the Federal Reserve pumping more money into the economy, but some experts warn that move may wind up hurting consumers' wallets.
Stocks closed mixed Wednesday, with technology shares posting small gains, as investors lowered their expectations for an aggressive move by the Federal Reserve to stimulate the economy.
Has the long-term Treasury bond bubble finally burst?
Oil prices fell 1.5% Wednesday, following three consecutive days of advances, remaining in the low-$80 range ahead of the Federal Reserve's highly anticipated policy meeting next week.
Stocks were poised to open lower Wednesday as investors remain nervous about what the Federal Reserve will do at its meeting next week, while considering the latest economic reports and corporate results.
The new Consumer Financial Protection Bureau can't begin flexing its rule-writing muscle, cracking down on things such as tough-to-understand mortgages, until it gets a Senate-confirmed director.
Treasury prices continued to fall Tuesday as investors brace for auctions totaling $109 billion in U.S. notes this week.
For the first time ever, the government auctioned off 5-year inflation-indexed Treasuries at a negative yield Monday, as investors bet rising prices will be an issue in the next five years.
For the past couple of years, we've kept up with the fund manager Neil Hennessy. The returns of his Hennessy Focus 30 fund have been pretty impressive -- beating the S&P 500 by an average of 5 percentage points annually since 2003 -- and Hennessy's great for a blunt opinion on the market. But more than anything, he's fun to follow because his $145-million mutual fund is so unusual.
Federal Reserve Chairman Ben Bernanke said Monday that a federal agency review of foreclosure procedures at the nation's largest mortgage servicers should be completed next month.
The outlook for hiring is improving as U.S. businesses continue to report growing demand and increased profitability, according to a survey of leading economists.
Crude prices moved higher on Friday, reacting to unease over a French labor dispute and a developing tropical storm in the Caribbean.
U.S. stocks ended a shade higher Thursday after seesawing throughout the session, as investors balanced strong earnings with building speculation that the Fed's next round of asset-buying won't be as dramatic as anticipated.
After freefalling for weeks, the U.S. dollar appears to finally be groping for a bottom.
Treasuries continued to trade in a narrow range Thursday as investors remained on the sidelines in anticipation that the Federal Reserve will soon take action to stimulate the economy.
Treasury prices ended the session flat Wednesday as investors continued to anticipate action from the Federal Reserve to boost the struggling economy.
CNN's Soledad O'Brien looks at how some are fighting debt from the pulpit in "Almighty Debt: A Black in America Special," premiering at 9 p.m. ET on October 21.
Stocks took a nasty tumble Tuesday after the People's Bank of China surprised investors with its first interest rate hike in nearly three years.
Stocks have fallen into a pattern: Rise, rise, rise for several sessions, then sell off after a spot of bad news. Recover the next day, and repeat.
Economic growth continued at a sluggish pace over the past few weeks, the Federal Reserve said Wednesday, supporting views that the Fed might take action to spur the economy at its next policy meeting. In its latest snapshot of regional economic conditions, the Fed reported some bright spots in manufacturing, travel, tourism and auto sales, but still saw weakness in the housing market.
U.S. stocks were set to bounce back Wednesday, following the worst session in more than 2 months, as investors digest a batch of financial results from Morgan Stanley, Boeing and Wells Fargo.
Asian markets fell on Wednesday, following the reaction of U.S. and European markets to China's decision to raise its benchmark interest rates by a quarter-percentage point.
Investors react to a interest rate hike by the People's Bank of China. CNN's Stan Grant reports.
The People's Bank of China raised its benchmark interest rates by a quarter-percentage point early Tuesday, the first hike since December 2007.
Treasuries turned around from Monday's rally, as investors shrugged off the latest housing data.
Small businesses are not getting access to the credit they need, and as a result, they are struggling to generate the jobs needed to lead the nation toward recovery.
Treasury prices climbed Monday, as investors continue to bet on another bond-buying binge from the Federal Reserve next month.
A Nobel Prize-winning economist who President Barack Obama nominated to the Federal Reserve Board says he understands why despite his accolades the position is out of his reach, at least for now.
The United States racked up a $1.29 trillion deficit in fiscal year 2010, the federal government said Friday.
After obsessing over Federal Reserve policy last week, investors are now turning their attention to the tsunami of corporate earnings reports.
Stocks ended mixed Friday as weakness in the banking sector dragged on the Dow, while technology shares stayed strong.
The sweeping financial reform bill passed by Congress this year is often referred to as a Wall Street reform bill. But one CEO of a mid-sized Midwestern regional bank that will be affected by the new law is tired of hearing that.
The dollar remained weak but regained some ground Friday as investors reacted positively to Fed chair Ben Bernanke's comments about the central bank's plans to pump more money into the economy.
Federal Reserve Chairman Ben Bernanke gave the clearest signal yet that the Fed is about to act to further spur the sluggish U.S. economy, stating that "there would appear...to be a case for further action."
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