Michael Feroli

Many economists at Wall Street's biggest banks remain convinced the Federal Reserve will raise interest rates by June, even as the markets have been spooked by a five-year low in crude oil prices and wage growth remains weak.

Federal Reserve chairman Ben Bernanke faces the first of two days of congressional testimony that will subject the Fed's controversial bond-buying program to tough scrutiny and gauge his confidence in the resilience of the US economy.

Americans are beginning to feel the pinch from Washington's decision to embrace austerity measures aimed at bringing down the nation's budget deficit.

The next generation iPhone 5, which Apple Inc. plans to release this week, could not only boost the tech giant's bottom line - but could give a significant boost to the overall U.S. economy. Sales of the new iPhone could add between a quarter and a half percentage point to fourth quarter annualized growth in the U.S., according to J.P. Morgan's chi...

US central bank officials will probably reiterate their expectations that official borrowing costs will remain near zero until at least late 2014.

Many economists at Wall Street's biggest banks remain convinced the Federal Reserve will raise interest rates by June, even as the markets have been spooked by a five-year low in crude oil prices and wage growth remains weak.

Federal Reserve chairman Ben Bernanke faces the first of two days of congressional testimony that will subject the Fed's controversial bond-buying program to tough scrutiny and gauge his confidence in the resilience of the US economy.

Americans are beginning to feel the pinch from Washington's decision to embrace austerity measures aimed at bringing down the nation's budget deficit.

The next generation iPhone 5, which Apple Inc. plans to release this week, could not only boost the tech giant's bottom line - but could give a significant boost to the overall U.S. economy. Sales of the new iPhone could add between a quarter and a half percentage point to fourth quarter annualized growth in the U.S., according to J.P. Morgan's chi...

US central bank officials will probably reiterate their expectations that official borrowing costs will remain near zero until at least late 2014.