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May 18, 2022
U.S. households are now spending the equivalent of $5,000 a year on gasoline, up from $2,800 a year ago, according to Yardeni Research.
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May 18, 2022
The Conference Board measure of CEO sentiment showed that 57% expect the economy to sustain a "very short, mild recession."
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May 18, 2022
U.S. households are now spending the equivalent of $5,000 a year on gasoline, up from $2,800 a year ago, according to Yardeni Research.
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May 18, 2022
Higher mortgage interest rates are hitting homebuyer affordability hard, and that is showing up in a sharp drop in mortgage applications.
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May 17, 2022
Fed Chairman Jerome Powell said he will back interest rate increases until prices start falling back toward a healthy level.
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May 17, 2022
California's state average for a gallon of gas hit a record above $6.
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May 17, 2022
Retail sales were expected to rise 1% in April, according to Dow Jones estimates.
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May 17, 2022
"Housing leads the business cycle, and housing is slowing," said NAHB Chairman Jerry Konter, a builder and developer.
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May 10, 2022
Fed Governor Christopher Waller pledged that the rate-setting group wouldn't make the same mistakes on inflation that it did in the 1970s.
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May 10, 2022
April's consumer price index may show inflation has reached its height.
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May 09, 2022
Inflation expectations over the next year fell to a median 6.3% in April, a 0.3 percentage point decrease from record high levels the previous month.
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May 09, 2022
Minneapolis Federal Reserve President Neel Kashkari said Monday he's confident inflation will come back to normal, though it's taking longer than he expected.
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May 06, 2022
Nonfarm payrolls grew by 428,000 for the month, a bit above the Dow Jones estimate of 400,000. The unemployment rate was 3.6%.
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May 05, 2022
The level of workers who retired then came back a year later is running around 3.2%, just about where it was before the pandemic.
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May 05, 2022
Worker productivity fell to start 2022 at its fastest pace in nearly 75 years while labor costs soared.
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May 05, 2022
The changes would tailor the Community Reinvestment Act's approach to making sure banks are not engaging in "redlining."
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May 05, 2022
Wednesday's rate hike will push the federal funds rate to a range of 0.75%-1%.
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May 04, 2022
Private payrolls increased by just 247,000 for the month, well below the 390,000 Dow Jones estimate.
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May 04, 2022
Total mortgage application volume rose 2.5% for the week ended April 29 compared with the previous week, according to the MBA's seasonally adjusted index.
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May 03, 2022
Employment openings exceeded the level of available workers by 5.6 million in March while a record number of people quit their jobs.
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May 02, 2022
Overheated home prices and sharply higher mortgage rates are crushing housing affordability.
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May 02, 2022
The Federal Reserve is tasked with slowing the U.S. economy enough to control inflation but not so much that it tips into recession.
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May 02, 2022
Prices are rising as the Fed winds down a historic round of stimulus. This tightening cycle could slow jobs growth as global markets ride a wave of volatility.
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May 01, 2022
Consumer spending habits are starting to shift as inflation rises and people emerge from the pandemic.
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Apr 29, 2022
A measure that the Federal Reserve focuses on to gauge inflation rose at a robust pace in March.
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Apr 28, 2022
Gross domestic product unexpectedly declined 1.4% in the first quarter, an abrupt reversal for an economy coming off its best performance since 1984.
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Apr 22, 2022
Cleveland Fed President Loretta Mester said she's in favor of raising interest rates quickly, but not so quickly as to disrupt the economic recovery.
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Apr 22, 2022
Federal Reserve Chairman Jerome Powell on Thursday affirmed the central bank's determination to bring inflation down.
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Apr 21, 2022
Federal Reserve Chairman Jerome Powell speaks Thursday on a panel presented by the International Monetary Fund. CNBC's Sara Eisen will moderate the talk.
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Apr 21, 2022
Initial jobless claims last week were a bit higher than expected but still reflective of a labor market where employers are loathe to fire workers.
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Apr 20, 2022
San Francisco Fed President Mary Daly acknowledged that a series of rate hikes over the coming months could tip the economy into a shallow recession.
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Apr 20, 2022
Atlanta Fed President Raphael Bostic did not commit in a CNBC to interview to what pace the Fed should take in increasing benchmark rates.
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Apr 18, 2022
Sharply higher mortgage rates are causing homebuyers to pull back, and homebuilder sentiment dropped as a result.
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Apr 14, 2022
Retail sales were expected to increase 0.6% in March, according to Dow Jones estimates.
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Apr 13, 2022
Getting inflation under control will require raising interest rates at a faster pace than normal, Fed board member Christopher Waller said Wednesday.
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Apr 13, 2022
The PPI, which measures the prices paid by wholesalers, increased 11.2% from a year ago, the most in a series going back to November 2010.
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Apr 12, 2022
The consumer price index for March was expected to increase 8.4% from a year ago, according to Dow Jones estimates.
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Apr 11, 2022
Consumer price inflation in March is expected to have risen the most since December 1981, driven by higher food costs, rising rents and runaway energy prices.
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Apr 11, 2022
Prices are rising at a dramatic rate in states including Georgia and Arizona, which will host two of 2022's most important midterm Senate races.
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Apr 11, 2022
The Biden administration is bracing for the Labor Department's consumer price index report to show that inflation is "extraordinarily elevated."
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Apr 11, 2022
60% of people with a household income under $50,000 said they're under more financial stress now than they were a year ago: CNBC Acorns Invest in You survey.
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Apr 11, 2022
Worries are increasing over inflation, with new Federal Reserve data showing a record-high fear over surging prices.
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Apr 09, 2022
The top income bracket spends the most among American consumers, but its strength amid inflation may be overstated, according to a new CNBC survey.
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Apr 09, 2022
The view that higher rates help stamp out inflation is essentially an article of faith, based on long-held economic gospel. But how does it really work?
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Apr 07, 2022
The Fed needs to raise rates substantially to control inflation but may not be as "behind the curve" as it appears, St. Louis Fed President James Bullard said.
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Apr 07, 2022
Initial filings for unemployment dropped to 166,000, well below the Dow Jones estimate of 200,000 and 5,000 below the previous week's total
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Apr 06, 2022
Treasury Secretary Janet Yellen cautioned Wednesday that Russia's attack on Ukraine could cause a major hit to the global economy.
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Apr 06, 2022
The Federal Reserve on Wednesday released minutes from its March 15-16 policy meeting.
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Apr 06, 2022
Investors didn't like what they heard from the Fed's Lael Brainard and Mary Daly, sending major averages considerably lower on the day.
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Apr 06, 2022
Philadelphia Fed President Patrick Harker joined the chorus warning about inflation and the interest rate hikes needed to control rising prices.
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Apr 06, 2022
Treasury Secretary Janet Yellen testifies Wednesday before the House Financial Services Committee on the state of international finance.
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Apr 05, 2022
San Francisco Fed President Mary Daly is worried about inflation, telling an audience Tuesday that the high cost of living is causing a heavy burden on society.
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Apr 05, 2022
Americans are more financially stressed than a year ago, with 48% thinking about higher prices all the time, a CNBC Acorns Invest in You survey found.
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Apr 05, 2022
Brainard said that policy tightening will include a speedy reduction in the balance sheet and a steady pace of interest rate increases.
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Apr 05, 2022
Americans are more financially stressed than a year ago, with 48% thinking about higher prices all the time, a CNBC Acorns Invest in You survey found.
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Apr 05, 2022
More than 80% of adults think the U.S. economy is likely to experience a recession in 2022, according to the CNBC Acorns Invest in You survey.
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Apr 05, 2022
People plan to trim spending on food, driving and vacations to keep up with inflation, according to CNBC Acorns Invest in You survey.
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Apr 04, 2022
Jamie Dimon's annual letter to JPMorgan shareholders, read widely in business circles, took a more downcast tone from his missive just last year.
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Apr 01, 2022
Post-Covid rebounds in the leisure and hospitality and business sectors continued last month and helped drive a strong March jobs report.
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Apr 01, 2022
Nonfarm payrolls were expected to rise by 490,000 in March, according to Dow Jones estimates.
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Apr 01, 2022
The personal consumption expenditures price index increased 5.4% from the same period in 2021, the biggest jump going back to April 1983.
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Mar 30, 2022
Private payrolls expanded by 455,000 for the month, the firm said, about in line with the Dow Jones estimate of 450,000.
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Mar 30, 2022
A sharp increase in mortgage rates causes a plunge in refinance demand.
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Mar 29, 2022
There were 11.27 million openings in the month, which left a record 5 million more openings than available workers.
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Mar 29, 2022
Philadelphia Federal Reserve President Patrick Harker said Tuesday that he doesn't think the U.S. is heading for recession.
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Mar 29, 2022
The Federal Reserve's efforts to fight inflation threaten to sink the U.S. into contraction, according to economist Mohamed El-Erian.
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Mar 29, 2022
Home prices picked up steam again in January after a brief pullback, even as mortgage rates increased.
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Mar 25, 2022
The average rate on the 30-year fixed mortgage shot significantly higher Friday, rising 24 basis points to 4.95%, according to Mortgage News Daily.
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Mar 25, 2022
Higher mortgage rates are taking their toll on home sales, as a strong housing market begins to turn.
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Mar 25, 2022
A new Cold War will pose a new challenge to a market that is still recovering from the uncertainties of the pandemic.
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Mar 23, 2022
Fast-rising mortgage rates are causing a drop in mortgage demand, especially refinances.
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Mar 22, 2022
Mortgage rates are rising far faster than economists had predicted, and some are now revising their home sales forecasts lower as a result.
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Mar 21, 2022
Federal Reserve Chairman Jerome Powell owed tough action on inflation, which he said jeopardizes an otherwise strong recovery.
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Mar 15, 2022
Consumers hit with higher prices due to inflation likely aren't looking forward to interest rate hikes from the Federal Reserve. Here's why the Fed does that.
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Mar 15, 2022
The probability of recession in the U.S. was raised to 33% in the next 12 months, up 10 percentage points from the Feb. 1 survey.
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Mar 15, 2022
The probability of recession in the US was raised to 33% in the next 12 months, up 10 percentage points from the Feb. 1 survey.
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Mar 15, 2022
The headline producer price index rose 0.8% in February, which actually was slightly lower than the 0.9% Dow Jones estimate.
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Mar 15, 2022
Consumers hit with higher prices due to inflation likely aren't looking forward to interest rate hikes from the Federal Reserve. Here's why the Fed does that.
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Mar 15, 2022
Single-family rents were up 38.6% in Miami, compared with just a 2% jump for the city in January 2021.
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Mar 11, 2022
Investors may take the Federal Reserve's first post-pandemic rate hike in stride, while uncertainty surrounding Ukraine continues to hang over markets.
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Mar 10, 2022
The consumer price index for February was expected to rise 7.8% over the past year, according to Dow Jones estimates.
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Mar 10, 2022
The Federal Reserve sent $9 trillion into U.S. bond markets amid recent emergencies. Reducing the balance of this portfolio could spark a recession.
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Mar 09, 2022
Borrowers rushed to take advantage of a brief drop in rates, but those rates are already on the rise again.
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Mar 07, 2022
The CNBC Rapid Update, the average of 14 forecasts for the U.S. economy, sees GDP rising by 3.2% this year, a modest 0.3% markdown from the February forecast.
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Mar 04, 2022
Nonfarm payrolls for the month grew by 678,000 and the unemployment rate was 3.8%, the Labor Department reported Friday.
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Mar 03, 2022
The economy was likely to have added jobs at a healthy pace in February and wages gains were strong.
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Mar 03, 2022
Some retailers, including Victoria's Secret, are warning about business impacts from the Ukraine crisis. Others, like Nike, have suspended operations in Russia.
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Mar 03, 2022
Initial claims for unemployment insurance totaled 215,000, the lowest total since the beginning of the year.
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Mar 02, 2022
Fed Chairman Jerome Powell still sees rate hikes coming but noted that the Russia-Ukraine war has injected uncertainty into the outlook.
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Mar 02, 2022
Companies added 475,000 positions for the month, better than the Dow Jones estimate for 400,000.
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Mar 02, 2022
Mortgage demand fell last week as rates rose, but that may all change this week as rates drop again, and sharply.
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Feb 25, 2022
A key inflation measure showed that prices rose at their fastest level in nearly 39 years, the Commerce Department reported Friday.
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Feb 24, 2022
Weekly jobless claims came in slightly less than expected last week and economic growth to end 2021 was slightly better than originally reported.
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Feb 19, 2022
Fed officials won't be able to trade stocks and bonds — as well as cryptocurrencies — under new rules that became formal Friday.
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Feb 18, 2022
While there are reasons to confirm Biden's Fed nominees, economists say concern that the central bank won't act to rein in inflation shouldn't be among them.
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Feb 18, 2022
Sales of existing homes jumped far more than expected, even as supply hit another record low and prices rose significantly.
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Feb 17, 2022
St. Louis Fed President James Bullard cautioned that without action on interest rates, inflation could become an even more serious problem.
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Feb 16, 2022
Retail sales for the month rose 3.8% in January, much better than the 2.1% Dow Jones estimate.
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Feb 16, 2022
Bank of America's relationships with U.S. households, small businesses and corporations give Moynihan a unique view into the health of the economy.
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Feb 16, 2022
Production delays for homebuilders are increasing costs and pricing out buyers. All that is weighing on builder sentiment.
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