U.S. Economy

Critics say rent control measures discourage construction, which would meet demand and drive down prices.

Total spending for the holidays is expected to reach $730.7 billion.

E-commerce behemoths saw a 244 percent boost in sales on Thanksgiving, while smaller retailers experienced a 61 percent jump. 

Almost all of the Fed’s 12 districts reported modest growth over the past few months.

Analysts surveyed by Refinitiv expected the measure to remain unrevised from the preliminary reading.

The three-term Democratic governor’s office was sent roughly 1,500 messages.

Sluggish economic growth is a trend pervasive across New England.

Most Fed officials agreed the current level of rates will remain appropriate.

Millennials now account for the largest share of the U.S. population and labor force

Both Midland and Odessa, another shale town at the heart of the American oil resurgence, reported the fastest growth.

"I think the president has an interest in solving it because, as long as the economy stays strong and a trade deal gets done, I think the president's in better shape from a re-election standpoint," former Walmart CEO Bill Simon said.

A positive sign for the overall economy

Warren, meanwhile, has been fending off mounting criticism from the business community.

Consumers are driving the U.S. economy, Fed chair says.

Investors staying the course are being rewarded with fatter retirement accounts.

In the U.S., the total labor force is expanding at a rate of roughly 0.5 percent, compared to about 2.5 percent in the 1960s.

Powell reiterated what he said during the Fed's two-day meeting in October: The current level on its benchmark interest rate will likely remain "appropriate."

Across the country, unemployment is hovering at 3.6 percent, near a five-decade low.

Passage of the agreement is a priority for the Trump administration, which promised to buoy the U.S. economy by improving a variety of international trade deals.

'Confidence is very high,' Dimon says.