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Sep 22, 2020
After a record-setting July, the housing market still shows no sign of cooling off. Existing home sales rose to the highest level since December 2006.
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Sep 22, 2020
While Powell said the accommodative policies will continue as needed, he added that the economy has improved.
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Sep 18, 2020
It's easy to hate the rich for all that they have and all that you don't, but the rich aren't the problem.
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Sep 18, 2020
Bullard also said he sees the unemployment rate falling to 6.5% by the end of the year, an estimate well below the median projection of 7.6% that his Fed colleagues released earlier this week.
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Sep 17, 2020
First-time claims for unemployment insurance beat Wall Street estimates last week as the U.S. economy enters a critical new stage.
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Sep 17, 2020
U.S. homebuilding fell in August after strong gains in the prior three months, but the housing market remains supported by record-low interest rates and demand for properties in the suburbs and low-density areas as many people work from home.
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Sep 17, 2020
Wildfires, driven by climate change, are raging across the Western United States crushing local economies. It's a wakeup call for the Trump administration.
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Sep 16, 2020
The Fed does not expect to see inflation to pick up for years, and it is willing to keep rates at zero even after it does.
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Sep 16, 2020
The Fed left rates unchanged in its last meeting before the 2020 presidential election in November. It also indicated rates were unlikely to rise until at least 2023. Three experts weigh in on what the Fed decision means.
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Sep 16, 2020
The Federal Reserve kept its pledge to keep interest rates anchored near zero and promised to keep rates there until inflation rises consistently.
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Sep 16, 2020
U.S. consumer spending appeared to slow in August as extended unemployment benefits were cut for millions of Americans.
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Sep 16, 2020
Yelp on Wednesday released its latest Economic Average Report, revealing business closures across the U.S. are increasing as a result of the coronavirus.
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Sep 16, 2020
With no major move in mortgage rates, there was no sudden incentive to refinance a home loan last week, so fewer people did.
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Sep 16, 2020
The Fed is unlikely to take any policy actions Wednesday, but it is expected to say it will keep its dovish policies in place for years.
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Sep 16, 2020
Going forward, the OECD expects the global economy to grow by 5% in 2021.
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Sep 15, 2020
The Federal Open Market Committee will provide its quarterly update on where it sees GDP, unemployment and inflation heading.
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Sep 15, 2020
U.S. import prices increased more than expected in August and gains in the prior month were revised sharply higher, supporting views that inflation pressures were building up.
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Sep 15, 2020
More than one-third of the American workforce freelance amid the Covid-19 pandemic, contributing $1.2 trillion to the U.S. economy, a study by Upwork revealed Tuesday.
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Sep 15, 2020
The Fed will likely keep interest rates at near zero until February 2023, according to latest CNBC Fed Survey.
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Sep 11, 2020
U.S. consumer prices increased solidly in August, but labor market slack is likely to keep a lid on inflation as the economy recovers from the Covid-19 recession.
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Sep 11, 2020
U.S. consumer prices increased solidly in August, but labor market slack is likely to keep a lid on inflation as the economy recovers from the Covid-19 recession.
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Sep 10, 2020
Goldman economists said third quarter GDP growth is tracking at 35%, driven in large part by the surprising strength of consumer spending.
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Sep 10, 2020
On the budget deficit, he said the federal government's spending imbalance is "getting out of hand."
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Sep 10, 2020
First-time filings for unemployment claims had been expected to total 850,000 last week, according to economists surveyed by Dow Jones.
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Sep 10, 2020
U.S. producer prices rose a bit more than expected in August as the cost of services increased solidly, while underlying producer inflation continued to firm.
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Sep 09, 2020
Job openings rose 10% in July to a pandemic high though the rate of hiring saw a sharp slump, according to a Labor Department report Wednesday.
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Sep 08, 2020
The official unemployment rate fell to 8.4% in August. But the true jobless figure is likely much higher, perhaps remaining at a level higher than any other period since the Great Depression, according to economists.
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Sep 05, 2020
Worries of a K-shaped recovery are growing in the alphabet-obsessed economics profession. That would entail continued growth, but split sharply between industries and economic groups.
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Sep 03, 2020
Certain often-overlooked markets may be telling us that the Fed's new policy framework is going to have some unintended consequences.
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Sep 03, 2020
"Yes, some people are not able to go back to work. ... But there are others that are not willing to do so," the chief economic advisor at Allianz told CNBC.
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Sep 03, 2020
Executive orders are a powerful tool when presidents can't agree with Congress. But that power is limited, especially when it comes to spending. After all, Congress holds the purse strings. Still, when pressure is mounting, presidents throughout history have used executive orders in hopes of trying to achieve their agenda.
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Sep 03, 2020
The U.S. trade deficit surged to its highest level since 2008 in July amid a record increase in imports, suggesting that trade could be a drag on economic growth in the third quarter.
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Sep 03, 2020
U.S. productivity rose at a 10.1% rate in the second quarter as the number of hours worked declined by the largest amount since the government started compiling the data more than 70 years ago.
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Sep 03, 2020
First-time claims for state unemployment benefits were expected to total 950,000 last week, according to economists surveyed by Dow Jones.
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Sep 03, 2020
The federal budget deficit is projected to hit a record $3.3 trillion due to Covid-19 costs and the recession, the Congressional Budget Office said Wednesday.
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Sep 03, 2020
The federal budget deficit is projected to hit a record $3.3 trillion due to Covid-19 costs and the recession, the Congressional Budget Office said Wednesday.
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Sep 02, 2020
Firms that track job growth for workers in industries like retail and hospitality say that employment barely budged in August.
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Sep 02, 2020
Companies added 428,000 jobs during the month, well below the projections for 1.17 million though a leap above the lackluster 212,000 that ADP measured for July.
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Sep 01, 2020
"There are some winners in the economy and the average looks OK, but there are still huge losers versus those winners, and that's a big societal challenge," Bridgewater Associates co-CIO Greg Jensen told CNBC.
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Sep 01, 2020
The pace of job gains over the next decade will slow considerably amid a sharp decline in the active labor force and an aging population, according to Labor Department projections released Tuesday.
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Aug 31, 2020
Clarida also said he and his fellow officials do not see negative interest rates as a viable option now and doubt the effectiveness of yield curve controls, though that could change.
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Aug 28, 2020
St. Louis Fed President James Bullard said on "Closing Bell" that he expects the economy to continue to recover into next year while the central bank holds its policies steady.
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Aug 28, 2020
A CNBC poll finds that one-third of likely U.S. voters describe their finances as "poor" or "not so good." Here are five money moves to make now to help shore up your own situation amid a pandemic, economic downturn and contentious national election.
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Aug 28, 2020
Philadelphia Federal Reserve President Patrick Harker joined CNBC's "Squawk Box" to discuss the central bank's new inflation goal.
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Aug 28, 2020
U.S. consumers increased their spending by 1.9% last month, a dose of support for an economy struggling to emerge from the grip of a pandemic that has held back a recovery and kept roughly 27 million people jobless.
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Aug 28, 2020
U.S. consumer spending increased more than expected in July, strengthening expectations for a sharp rebound in economic growth in the third quarter, though momentum is likely to ebb as the Covid-19 pandemic lingers and fiscal stimulus dries up.
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Aug 28, 2020
The Fed will have to keep supporting the economy as the recovery from the coronavirus pandemic "is going to be a slow one," a top official at the central bank said.
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Aug 28, 2020
While markets rallied on the sentiment that the new policy would keep short-term rates anchored near zero well into the future, there also was plenty of skepticism that the Fed would be able to reach its goal.
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Aug 28, 2020
Global CFOs have a more positive outlook for China's economy than they do for the economy of the United States, the Q3 CNBC Global CFO Council Survey revealed on Friday.
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Aug 28, 2020
Dennis Lockhart, Atlanta Fed president from 2007 to 2017, said the U.S. economy needs more fiscal stimulus to "ward off a worst-case scenario."
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Aug 27, 2020
The Fed wants to go far deeper to get lower-income and underemployed Americans to work, before it pulls back from its easy policies.
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Aug 27, 2020
A second reading of the U.S. economy in the second quarter reflected the biggest quarterly plunge on record, though the plummet wasn't as bad as initially estimated.
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Aug 27, 2020
With mounting concerns over mail-in voting, President Trump suggested delaying the election. Experts warn that a postponed election could lead to severe political chaos in Washington and an insurmountable impact on the U.S. economy and the stock market.
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Aug 27, 2020
The Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run hotter than normal in order to support the labor market and broader economy.
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Aug 27, 2020
The number of Americans who filed for unemployment benefits for the first time came in above 1 million for a second consecutive week.
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Aug 27, 2020
Two Federal Reserve economists have recently examined the evidence and concluded the gap is getting even wider.
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Aug 26, 2020
Chairman Jerome Powell is expected to discuss how the Fed hopes to remedy the years-long dilemma of low inflation with a new pandemic-era tool.
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Aug 26, 2020
Orders for long-lasting U.S. factory goods were expected to rise 4.3% in July, compared with a 7.6% increase a month earlier.
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Aug 26, 2020
The central bank official told CNBC the resurgence of Covid-19 "is an important risk to that outlook."
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Aug 26, 2020
Homebuyers appear to have an insatiable appetite for new and existing homes, applying for mortgages at an incredible pace, according to a weekly measure of mortgage application volume.
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Aug 25, 2020
Bleakley Advisory Group's Peter Boockvar believes a new inflation cycle is starting.
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Aug 25, 2020
Sales of newly built homes soared 36% annually across the nation in July, as pent-up demand from the shut-down spring market, combined with urban flight and a new desire for more work-at-home space fueled already strong demand.
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Aug 25, 2020
Nets co-owner Clara Wu Tsai told CNBC a five-point plan over 10 years will drive social and economic equality.
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Aug 25, 2020
Home prices rose 4.3% annually in June, unchanged from the gain seen in May, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index.
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Aug 25, 2020
The president of Yardeni Research pointed to indicators like retail sales as well as new and existing home sales which have been "very strong."
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Aug 24, 2020
Powell, who will speak Thursday during a virtual version of the Fed's annual Jackson Hole, Wyoming, conference, will outline what could be the central bank's most active efforts ever to spur inflation back to a healthy level.
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Aug 24, 2020
As the RNC tries to showcase President Donald Trump's accomplishments, top economists sound off on the impact his economic policies have had so far.
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Aug 24, 2020
There's a one-in-four chance the economy could fall into a double-dip recession, according to economists surveyed by NABE.
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Aug 21, 2020
Sales of existing homes soared 24.7% in July from June, according to the National Association of Realtors. The median price of a home sold in July rose 8.5% annually to $304,100.
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Aug 21, 2020
Today's lag in Black homeownership is a direct reflection of years of unfair policies and discrimination. In fact, the nearly 30-percentage-point gap between White and Black homeownership today is actually larger than it was before the Fair Housing Act was passed.
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Aug 20, 2020
"If you want capitalism to be sustained, you need buy-in from a lot of people. You cannot get buy-in if it's all about large corporations," economist Mohamed El-Erian told CNBC on Thursday.
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Aug 20, 2020
The number of people filing for unemployment benefits last week was greater than expected, raising concern about the state of the economy.
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Aug 19, 2020
The Federal Reserve's policymaking body released minutes Wednesday of its July 28-29 meeting.
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Aug 19, 2020
The Federal Open Market Committee's meeting minutes for July will be released at 2 p.m. ET.
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Aug 18, 2020
The retail giant got a bump in sales in the fiscal second quarter as customers rushed to stores to spend their stimulus checks.
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Aug 18, 2020
U.S. homebuilding picked up for a third straight month in July in the latest sign the housing sector is emerging as one of the few areas of strength in an economy suffering a record slowdown because of the Covid-19 pandemic.
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Aug 17, 2020
Potential buyers continue to flood into model homes across the nation, and that has builders feeling better about their business than they have in over 20 years. But rising lumber prices could sap the market's momentum this fall.
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Aug 14, 2020
The Covid-19 pandemic era is setting new standards for what an economic downturn looks like.
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Aug 14, 2020
Retail sales rose 1.2% for the month, against the expected increase of 2.3% from economists surveyed by Dow Jones. The news wasn't all a letdown, however: Excluding autos, the gain was 1.9%, ahead of the 1.2% estimate.
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Aug 14, 2020
Retail sales rose to a record level in July, recovering what was lost in the pandemic, but the gains are at risk because of the failure of Congress to agree to a new fiscal stimulus package.
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Aug 14, 2020
The Federal Reserve reported Friday that industrial production — including output at factories, mines and utilities — climbed 3% in July after surging 5.7% in June.
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Aug 08, 2020
"To be effective, the lockdown has to be as comprehensive and strict as possible," Kashkari and Michael Osterholm wrote.
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Aug 07, 2020
CNBC studied the net change in employment by industry for July based on data from the Labor Department.
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Aug 07, 2020
July's jobs report was a slight positive, but market focus remains on whether Congress can agree on stimulus to head off future job losses.
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Aug 07, 2020
Total nonfarm payrolls increased 1.763 million for the month, and the unemployment rate fell to 10.2%, both better than estimates.
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Aug 06, 2020
A persistent inability of Congress and the White House to agree on more rescue funding threatens to push those still reeling from virus-related impacts further down the ladder.
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Aug 06, 2020
The move to get displaced workers back to their jobs slowed sharply in July, with private payrolls increasing by just 167,000, ADP reported Wednesday.
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Aug 05, 2020
Investors are keeping a close eye on a surge in the U.S. money supply for signs of inflation's long-awaited return.
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Aug 05, 2020
Mester called Wednesday for more help from Congress and said the central bank stands at the ready to provide whatever resources it can to help an economy at risk from rising coronavirus cases.
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Aug 05, 2020
The central bank's director of bank supervision said he hasn't changed his forecast despite a swell in Covid-19 cases that has caused a general slowing in resumption of activities
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Aug 05, 2020
Even with another record low mortgage rate, mortgage application volume decreased 5.1% last week, according to the Mortgage Bankers Association.
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Aug 04, 2020
Home prices in June saw their strongest monthly rise in seven years, spurred on by strong buyer demand and record low mortgage rates. Forecasters, however, say the gains will start to moderate soon, and prices could end up slightly lower by June 2021.
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Aug 03, 2020
Spiking coronavirus cases and rollbacks of reopenings in multiple states present roadblocks to continued aggressive gains in jobs.
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Aug 03, 2020
Michelle Meyer, head of U.S. economics at Bank of America, said the U.S. economy has entered the third phase of the coronavirus pandemic after the lockdown and transition phases when businesses shut down and then started to reopen.
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Jul 31, 2020
U.S. consumer spending increased for the second straight month in June, setting up consumption for a rebound in the third quarter, though the recovery could be limited by a resurgence in Covid-19 cases and the end of expanded unemployment benefits.
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Jul 31, 2020
U.S. consumer spending increased for the second straight month in June, setting up consumption for a rebound in the third quarter, though the recovery could be limited by a resurgence in Covid-19 cases and the end of expanded unemployment benefits.
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Jul 30, 2020
Neither the Great Depression nor the Great Recession nor any other slump over the past two centuries have ever caused such a sharp drain on the economy.
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Jul 30, 2020
Jobless claims for last week were roughly in line with expectations as the coronavirus pandemic continues to ravage the U.S. economy.
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