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U.S. Fed Rate Hike To Be On 'Meeting-By-Meeting' Basis

Feb 25, 2015 01:22 AM EST

In the Semiannual Monetary Policy Report to the Congress on Tuesday, US Federal Reserve Chair Janet Yellen told the committee that the monetary board would be mulling over raising federal rates on a "meeting-by-meeting" basis, confirming expectations of a rate hike this year, in the months to follow.

China Says U.S. Still World’s Largest Economy

Michael A. Katz |

Jan 20, 2015 10:44 AM EST

The head of China's National Bureau of Statistics (NBS) said that contrary to reports, China has not overtaken the U.S. as the world's largest economy.

Brent Crude Oil Price Falls to Lowest Level Since 2009

Dino Lirios |

Jan 13, 2015 10:48 PM EST

Brent crude oil has fallen below US$50, marking its lowest level since early 2009. It is now at a six-year low.

September US Jobs Report Strong But With Some Worrisome Signs

Dan Weisman |

Oct 03, 2014 07:00 PM EDT

With nearly 250,000 jobs created in September following a disappointing August jobs report, the Bureau of Labor Statistics Friday said unemployment has fallen to just less than 6 percent. Wall Street responded with rising stock prices when the job news was announced.

Obama Shifts Focus On Economy As Midterm Election Approaches

Bianca Ortega |

Oct 02, 2014 11:07 PM EDT

U.S. President Barack Obama on Thursday shifted his focus on the country's economy, the issue that voters consider most important as the November midterm election approaches.

China's Economy to Overtake U.S. as World's Largest by 2024

Marcel Woo |

Sep 07, 2014 07:29 PM EDT

Global industrial data and analysis company IHS said China is poised to overtake the United States as the world's largest economy by 2024 due to a rise in consumer spending.