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Jul 14, 2020
U.S. consumer prices rebounded in June after three straight monthly declines as businesses reopened, but the underlying trend suggested inflation would remain muted and allow the Federal Reserve to keep injecting money into the ailing economy.
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Jul 13, 2020
The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded while millions of job losses cut into tax revenues.
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Jul 13, 2020
A sharp decline in the supply of existing homes for sale, increasing consumer preference for brand-new, high-tech homes with all the amenities for working and schooling, as well as an accelerating flight to the suburbs and exurbs, made for remarkable housing demand in June.
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Jul 12, 2020
These five charts illustrate trends in important industries that help track reopening progress in the U.S.
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Jul 10, 2020
Surging coronavirus cases are showing up in both a slowdown of current economic activity as well as future plans, according to real-time data tracking things like job listings, dining out and vacations.
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Jul 10, 2020
"If we all wore a mask, it would substantially mute the transmission of this disease and we would grow faster," he added.
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Jul 10, 2020
U.S. producer prices unexpectedly fell in June as the economy battles depressed demand amid the Covid-19 pandemic.
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Jul 09, 2020
Weekly jobless claims were lower than expected last week as workers slowly returned to their jobs in the wake of rising coronavirus cases.
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Jul 07, 2020
"Over the past week or so, there's been some leveling off, and I think it's probably due to the increase in cases not only in Ohio but across the country," Mester said.
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Jul 07, 2020
Atlanta Federal Reserve Bank President Raphael Bostic said the U.S. economic recovery is in danger of stalling due to the recent spike in coronavirus cases across many American states.
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Jul 06, 2020
The Federal Reserve has a role to play in ending systemic racism, in the view of the central bank's first Black regional president
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Jul 06, 2020
The bank's economists now see third-quarter gross domestic product rising by 25% on an annualized basis.
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Jul 02, 2020
Stocks rose on Thursday following a better-than-expected U.S. jobs report as the economy tries to recover from the coronavirus pandemic.
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Jul 02, 2020
Stocks rose as investors cheered a bigger-than-expected jobs increase as the economy tries to claws back from the coronavirus shutdown.
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Jul 02, 2020
Stocks rose as investors cheered a bigger-than-expected jobs increase as the economy tries to claws back from the coronavirus shutdown.
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Jul 02, 2020
Another big contributor to the decline of the jobless rate was a plunge in those on temporary layoff. That total fell by 4.8 million in June to 10.6 million after a decrease of 2.7 million in May.
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Jul 02, 2020
St. Louis Federal Reserve Bank president James Bullard has warned that a growing number of bankruptcies due to the coronavirus outbreak could lead to a financial crisis, the Financial Times reported.
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Jul 01, 2020
The share of the workforce currently out of work with no reasonable chance of returning to their jobs is about 11%, or about 17.6 million people, according to new reserach from the Economic Policy Institute.
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Jul 01, 2020
Fiat Chrysler's U.S. vehicle sales in the second quarter declined 38.6% as the coronavirus caused consumers to stay at home and dealerships and factories to shutter.
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Jul 01, 2020
Fiat Chrysler's U.S. vehicle sales in the second quarter declined 38.6% as the coronavirus caused consumers to stay at home and dealerships and factories to shutter.
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Jul 01, 2020
Private payrolls grew by 2.369 million for the month, a bit lower than the 2.5 million expectation from economists surveyed by Dow Jones, according to a report Wednesday from ADP and Moody's Analytics.
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Jul 01, 2020
Economists expect to see a bounceback in the second half of 2020, but the resurging virus threatens the strength of the rebound.
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Jul 01, 2020
The surge in mortgage demand from homebuyers over the past two months appears to be waning, even as mortgage rates continue to drop.
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Jun 30, 2020
Consumer confidence rose more than expected in June as the U.S. loosened stay-at-home and quarantine restrictions, according to data released Tuesday.
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Jun 30, 2020
Home prices strengthened in April, despite a national economic shutdown and a sharp drop in home sales due to the coronavirus.
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Jun 30, 2020
Home prices continued to strengthen in April, despite a national economic shutdown and a sharp drop in home sales due to the coronavirus.
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Jun 30, 2020
A face mask mandate would not only cut the daily growth rate of new cases of Covid-19, but could also save the U.S. economy up to 5% in GDP.
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Jun 29, 2020
"To get the employment-to-population ratio back to where it was at its peak in 2000 we need to create 30 million jobs," said Torsten Slok, Deutsche Bank's chief economist.
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Jun 29, 2020
Pending home sales spiked a stunning 44.3% in May compared with April, according to the National Association of Realtors. That beat expectations of a 15% rise. Sales were still 5.1% lower compared with May 2019.
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Jun 26, 2020
The second half of 2020 is here, and now it's up to the economy to prove that the stock market was right about a sharp comeback in growth.
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Jun 26, 2020
Data from staffing firms that track hourly employees show job growth may have stagnated or even declined in recent weeks.
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Jun 26, 2020
After declining for three weeks, the number of borrowers delaying their monthly mortgage payments due to the coronavirus rose sharply.
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Jun 26, 2020
Data from staffing firms that track hourly employees show that job growth may have stagnated or even declined in recent weeks.
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Jun 25, 2020
Jobless claims totaled 1.48 million last week as unemployment related to the coronavirus pandemic remained stubbornly high. Economists surveyed by Dow Jones had been expecting 1.35 million claims.
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Jun 25, 2020
The U.S. economy shrank at a 5.0% rate in the first quarter with a much worse decline expected in the current three-month economic period because of the coronavirus pandemic.
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Jun 23, 2020
Sales of newly built homes jumped far more than expected in May, according to the U.S. Census. After slowing dramatically in March, as the coronavirus shut down the economy, they posted the strongest May pace since 2007, a recovery that surprised even the builders themselves. But housing starts were not nearly as strong, and builders are struggling to meet this new demand.
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Jun 19, 2020
As the Main Street lending facility wraps up its first full week of operation, Rosengren reported brisk interest on the borrowing side amid what looks like tepid interest from banks thus far.
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Jun 19, 2020
The recession is playing out much differently across wealth, race and gender divides. Some are bearing the brunt of the economic contagion, while others hardly feel a thing.
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Jun 18, 2020
Economists say the latest jobless claims report shows adds weight to calls for the extension of expanded unemployment benefits.
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Jun 18, 2020
The elevated claims number persists even as all states have reopened to various extents and nonfarm payrolls grew by 2.5 million in May.
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Jun 16, 2020
Powell said the central bank's announced move this week to buy corporate bonds fulfills a pledge it had made earlier but is not an effort to take over the market.
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Jun 16, 2020
Builder sentiment jumped a striking 21 points in June to 58, the largest monthly increase ever in the National Association of Home Builders/Wells Fargo Housing Market Index.
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Jun 16, 2020
The Fed chairman repeated warnings about the economy during the first day of his semiannual testimony before Congress.
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Jun 16, 2020
U.S. retail sales were expected to rise 8.0% in May, after plunging 16.4% the prior month as retailers went into lockdown amid the coronavirus crisis.
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Jun 15, 2020
Those purchases will go along with the ETFs the Fed already has been buying, the central bank announced Monday.
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Jun 15, 2020
Monthly improvement came across the board, especially in the index of future business conditions.
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Jun 12, 2020
U.S. import prices rebounded more than expected in May, which could further diminish fears of deflation as the economy battles a recession.
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Jun 12, 2020
U.S. import prices rebounded more than expected in May, which could further diminish fears of deflation as the economy battles a recession.
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Jun 11, 2020
U.S. producer prices increased more than expected in May amid a surge in the cost of meat, but the underlying trend in producer inflation remained subdued.
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Jun 11, 2020
Treasury Secretary Steven Mnuchin told CNBC that shutting down the economy for a second time to slow Covid-19 isn't a viable option.
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Jun 11, 2020
Those collecting benefits declined as well, totaling 20.9K million, compared to a downwardly revised 21.5 million a week ago.
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Jun 10, 2020
The company that has purchased retailers such as Forever 21 out of bankruptcy is looking for buying opportunities during the coronavirus pandemic. "My strategy is simple. Buy low, sell high," Authentic Brands Group CEO Jamie Salter said.
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Jun 10, 2020
The Fed also said it will continue to increase its bond holdings, targeting Treasury purchases at $80 billion a month and mortgage-backed securities at $40 billion.
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Jun 10, 2020
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policy-making meeting on April 29.
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Jun 10, 2020
U.S. consumer prices fell for a third straight month in May as demand remained subdued amid a recession caused by the Covid-19 pandemic.
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Jun 10, 2020
U.S. consumer prices fell for a third straight month in May as demand remained subdued amid a recession caused by the Covid-19 pandemic.
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Jun 10, 2020
Rising interest rates did nothing to deter an onslaught of mortgage demand from homebuyers: Applications for loans to purchase a home rose 5% last week.
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Jun 09, 2020
As companies shed record-breaking numbers of employees, the total vacancies plunged to 5.05 million in April.
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Jun 09, 2020
The number of Americans unemployed for a long stretch of time has remained steady since the start of the year. Families and the broader economy could be in trouble if that changes.
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Jun 09, 2020
In addition to signaling a possible turn in the economy, the big job gains in May give the Federal Reserve some more wiggle room before its next policy move.
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Jun 08, 2020
"The unprecedented magnitude of the decline in employment and production, and its broad reach across the entire economy, warrants the designation of this episode as a recession," the NBER said.
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Jun 05, 2020
CNBC studied the net change in employment by industry for May based on data from the Labor Department.
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Jun 05, 2020
Nonfarm payrolls in May were expected to decrease by 8.333 million while the unemployment rate was seen rising to 19.5%, according to economists surveyed by Dow Jones.
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Jun 05, 2020
Personal income increased 10.5% in April, the Bureau of Economic Analysis said last week.
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Jun 04, 2020
About 8 million Americans lost their jobs in May, on top of the 20.5 million in April, and economists see unemployment peaking near 20%.
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Jun 04, 2020
U.S. productivity fell at a 0.9% rate in the first three months of this year, a smaller decline than first estimated, while labor costs rose at a slightly faster pace.
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Jun 04, 2020
First-time claims for unemployment insurance were expected to total 1.775 million last week, according to economists surveyed by Dow Jones.
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Jun 03, 2020
Finding good news in the loss of another 3 million jobs isn't easy, but the steep drop in private payrolls for May could be a sign that the worst over.
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Jun 03, 2020
The reported total was well below the 8.75 million estimate from economists surveyed by Dow Jones. The reason for the wide disparity was not immediately clear.
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Jun 02, 2020
The GDPNow outlook is now showing a 52.8% tumble, following data that manufacturing remains firmly in decline and will weigh on investment and consumption.
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Jun 02, 2020
Visa's total U.S. payments volume fell at a much slower pace in May from the previous month, indicating that consumer spending was picking up as the government starts to ease coronavirus-induced lockdowns.
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Jun 01, 2020
U.S. manufacturing activity eased off an 11-year low in May, though the recovery from the Covid-19 crisis could take years because of high unemployment.
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May 27, 2020
It's not as if the coronavirus pandemic has gone away, but after a sharp pullback, homebuyers are now piling back into the housing market much faster than expected.
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May 26, 2020
Consumer confidence unexpectedly improved in May as the U.S. economy slowly restarted, according to data from the Conference Board.
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May 26, 2020
In perhaps one of the brightest economic readings since the start of the coronavirus pandemic, sales of newly built homes rose nearly 1% in April compared with March, according to the U.S. Census. While that may not seem like a lot, they were expected to fall 22%.
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May 26, 2020
Home prices were still gaining steam in March, as the country began shutting down in the face of the coronavirus pandemic.
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May 21, 2020
So far, state reopenings have not helped stem the rise in unemployment, which is expected to show another big jump in the month of May.
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May 21, 2020
House Democrats passed a bill last week to extend the enhanced $600 per week unemployment benefit through January.
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May 21, 2020
States across the country began reopening parts of their economies as early as April 24. Guidelines for reopening differ widely but a key difference lies in which sector can open first and the speed of the process. However, experts warn that a preemptive reopening can do more harm than good by potentially creating a second wave of infections, which would lead to more closures and increased economic hardship.
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May 21, 2020
The economic fallout from the coronavirus hit the housing market hard in April.
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May 21, 2020
The total, while still well above anything the nation had seen in pre-coronavirus America, represents the seventh straight week of a declining pace following the record peak of 6.9 million in late March.
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May 21, 2020
Frustrations are mounting on Main Street due to a lack of guidance from the Small Business Administration on PPP loan forgiveness, a new survey shows.
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May 20, 2020
The meeting, which ended April 29, concluded with the central bank's policymaking arm holding steady on interest rates and pondering future measures ahead.
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May 20, 2020
More help will be needed from the Federal Reserve and Congress to get the U.S. economy through its current slump, Dallas Fed President Robert Kaplan told CNBC.
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May 20, 2020
As states reopen, the focus has turned to whether smaller companies can find enough business to survive, preventing a wave of failures.
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May 20, 2020
If mortgage demand is an indicator, buyers are coming back to the housing market far faster than anticipated, despite coronavirus shutdowns and job losses.
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May 19, 2020
The CBO also projects 26 million more unemployed Americans than there were at the end of 2019.
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May 19, 2020
Dimon detailed the steps his firm has taken to support customers and employees since the crisis began two months ago.
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May 19, 2020
U.S. homebuilding dropped to a five-year low in April, underlining fears that the novel coronavirus crisis would lead to the deepest economic contraction in the second quarter since the Great Depression.
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May 19, 2020
U.S. homebuilding dropped to a five-year low in April, underlining fears that the novel coronavirus crisis would lead to the deepest economic contraction in the second quarter since the Great Depression.
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May 19, 2020
Dimon detailed the steps his firm has taken to support customers and employees since the crisis began two months ago.
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May 19, 2020
The unemployment rate is at its highest since the Great Depression. The current situation differs from that of the early 20th century in a few ways that may prevent the U.S. from entering another depression.
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May 18, 2020
"We are committed to using our full range of tools to support the economy in this challenging time," Powell said in remarks he will deliver to the Senate.
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May 18, 2020
Former Trump advisor Gary Cohn said that a potential vaccine shouldn't stop the government from providing aid to parts of the country that have been hobbled by the economic shutdown.
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May 18, 2020
After the sharpest one-month drop in the history of the index in April, homebuilder sentiment bounced back slightly in May as builders saw a quick rebound in interest from buyers.
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May 18, 2020
White House senior advisor Kevin Hassett told CNBC on Monday he disagrees with Fed Chairman Jerome Powell on the time-frame for an economic recovery.
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May 18, 2020
The U.S. may have experienced the worst of its coronavirus-related job losses in mid-April, and hiring could be on the verge of starting to recover, according to data gathered by LinkedIn and provided to CNBC.
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May 17, 2020
The central bank chief conceded that jobless numbers will look a lot like they did during the 1930s.
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May 17, 2020
The Fed noted that the recovery likely would depend on how Americans feel about their safety.
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