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U.S. Consumer Confidence Improves With the Jobs Market

U.S. Consumer Confidence Improves With the Jobs Market

A monthly survey from the University of Michigan shows that consumer confidence improved faster than expected last month, even as a separate Federal Reserve report shows that manufacturers are mired in a slowdown.

For Federal Reserve, Inaction Is Best Policy as Economy Nears Juncture

For Federal Reserve, Inaction Is Best Policy as Economy Nears Juncture

The Federal Reserve, led by Chairman Jerome Powell, is widely expected to leave interest rates unchanged at its meeting next week.

New Home Sales in U.S. Fall Faster Than Expected in January

New Home Sales in U.S. Fall Faster Than Expected in January

New home sales in the U.S. totaled 607,000 in January, down from 652,000 in December, the Census Bureau reports. The drop was steeper than projected by economists, who had estimated January sales at 620,000.

The Fed's New Dovish View Has Huge Consequences for the Markets

The Fed's New Dovish View Has Huge Consequences for the Markets

Look no further than Europe for why the Fed has make this shift.

U.S. Durable Goods Orders Unexpectedly Fall in New Sign of Slowdown

U.S. Durable Goods Orders Unexpectedly Fall in New Sign of Slowdown

The Census Bureau reports that new orders for manufactured durable goods orders outside of the transportation industry fell by 0.1% in January. Economists were calling for a 0.2% increase.

Nasdaq Picked to Operate New Cryptocurrency Exchange for Startup Bcause

Nasdaq Picked to Operate New Cryptocurrency Exchange for Startup Bcause

Bcause, a startup vying to open a new cryptocurrency-derivatives exchange alongside a mining facility for the digital coins, chooses Nasdaq to provide technology for matching trades, clearing and market surveillance.

Was Trump Right About the Fed Raising Interest Rates Too Far, Too Fast?

Was Trump Right About the Fed Raising Interest Rates Too Far, Too Fast?

President Donald Trump's oft-repeated criticisms of Federal Reserve interest-rate hikes have been labeled by some economists as an assault on the central bank's independence. But Joe Lavorgna, chief Americas economist for the French bank Natixis, says that at least one measure of effective interest rates shows that the Fed's recent efforts may have exceeded the mid-2000s cycle of monetary tightening that helped to trigger the 2008 financial crisis.

Wells Fargo Is `Too Big to Manage,' U.S. Lawmaker Waters Tells CEO

Wells Fargo Is `Too Big to Manage,' U.S. Lawmaker Waters Tells CEO

Wells Fargo CEO Tim Sloan appeared Tuesday before the U.S. House of Representatives' Financial Services Committee for the first time since Democrats, who are typically more critical of big banks than Republicans, took control of the chamber in last November's elections. The panel's leader, Congresswoman Maxine Waters of Southern California, scolded Sloan, but so did Republicans on the committee.

U.S. Inflation Unexpectedly Slowed in February, Labor Department Says

U.S. Inflation Unexpectedly Slowed in February, Labor Department Says

Consumer prices rise 0.2% in February, leaving them up 1.5% over the past year. That figure falls short of economists' average estimate for a 1.6% price increase over the past 12 months.

Wells Fargo CEO Sloan Faces Lashing in Congress - From a New Tormentor

Wells Fargo CEO Sloan Faces Lashing in Congress - From a New Tormentor

Wells Fargo CEO Tim Sloan is scheduled to appear Tuesday before the U.S. House of Representatives' Financial Services Committee for the first time since Democrats, who are typically more critical of big banks than Republicans, took control of the chamber in last November's elections. The panel is led by Congresswoman Maxine Waters of Southern California, where some of Wells Fargo's recent scandals originated.