Fed Chair Powell Says Officials Will Avoid 'Overheated Economy'

Fed Chair Powell Says Officials Will Avoid 'Overheated Economy'

Federal Reserve Chair Jerome Powell, sworn in earlier this month, testified Thursday before the U.S. Senate Banking Committee.

U.S. Personal Income Rose Faster Than Expected in January

U.S. Personal Income Rose Faster Than Expected in January

Personal income climbed 0.4% in January from the prior month, exceeding economists' expectations of a 0.3% increase.

U.S. Consumer Confidence Surged in February Despite Market Correction

U.S. Consumer Confidence Surged in February Despite Market Correction

The index climbed to 130.8 from 125.4 in January, the Conference Board, a Washington-based research association, said Tuesday in a statement. Economists had expected a reading of 127 on average, according to data provider FactSet. The index, based on a survey of consumers' assessment of business and employment conditions, was at its highest since 2000.

Fed Chair Powell Tells Congress Gradual Rate Increases to Continue

Fed Chair Powell Tells Congress Gradual Rate Increases to Continue

Federal Reserve Chair Jerome Powell, sworn in earlier this month, testified Tuesday before the U.S. House of Representatives' Financial Services Committee.

Fed Sees Further Rate Hikes Ahead as Inflation Rises Toward 2%

Fed Sees Further Rate Hikes Ahead as Inflation Rises Toward 2%

The Federal Reserve's monetary-committee released minutes of its January meeting, in which members held benchmark U.S. interest rates steady in a range of 1.25% to 1.5%.

Consumer Prices Rise More Than Expected, Adding to Inflation Signs

Consumer Prices Rise More Than Expected, Adding to Inflation Signs

The core consumer price index, which excludes volatile items like energy and food, climbs 0.3% in January. Economists surveyed by FactSet had projected a 0.2% rise on average.

3 Things New Fed Chair Powell Must Confront Immediately

3 Things New Fed Chair Powell Must Confront Immediately

A bear market in bonds? A government funding crisis? Stagnant wages and stalled-out deposit rates? These are three challenges the new Federal Reserve chair must confront after being sworn in Monday to replace Janet Yellen.

Rising Treasury Yields Could Spell Start of Decades-Long Bond Bear Market

Rising Treasury Yields Could Spell Start of Decades-Long Bond Bear Market

Yields on 10-year U.S. Treasury notes have been on the rise since reaching a record low of 1.36% in July 2016. Last week they surged to 2.85%, the highest in three years, and triggering debate over whether bonds are entering a decades-long bear market.

Faster Wage Gains Prompt Fears Fed May Accelerate Rate Increases

Faster Wage Gains Prompt Fears Fed May Accelerate Rate Increases

Average wages grew 2.9% from last year, according to the January non-farm payroll report, the fastest pace since 2009, igniting further concerns about faster inflation in the world's biggest economy.

How to Use Debt to Your Advantage

How to Use Debt to Your Advantage

Carrying credit card debt will not help you build credit, but it can help you improve your credit, if you carry it in the right places and pay it down.