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Nov 20, 2020
Wall Street had been expecting a positive first quarter and improving growth next year.
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Nov 20, 2020
Wall Street had been expecting a positive first quarter and improving growth next year.
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Nov 19, 2020
Sales of existing homes in October soared well past expectations, rising 4.3% compared with September and 26.6% annually.
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Nov 19, 2020
First-time filings for unemployment claims were expected to total 710,000 last week, according to economists surveyed by Dow Jones.
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Nov 17, 2020
Even with the prospects of at least two vaccines, Bostic said there are multiple pockets of the economy that will need assistance.
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Nov 12, 2020
Powell said he worries about women, children and business owners who face long-term consequences from the coronavirus.
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Nov 12, 2020
Jobless claims totaled 709,000 last week, below the 740,000 Wall Street forecast.
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Nov 11, 2020
Eric Rosengren, president of the Federal Reserve Bank of Boston, told CNBC the next six months will be "pretty choppy" despite covid vaccine news.
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Nov 11, 2020
The U.S. economy can't depend on a coronavirus vaccine to "solve all our problems," said Carl Tannenbaum, chief economist at Northern Trust.
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Nov 06, 2020
The unemployment rate continues to fall, but the share of unemployed out of work for at least six months is rapidly accelerating.
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Nov 06, 2020
The labor market was stronger than expected in October, showing good momentum ahead of the latest wave of coronavirus cases.
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Nov 06, 2020
Nonfarm payrolls increased by 638,000 in October and the unemployment rate fell to 6.9%, both much better than expected.
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Nov 06, 2020
"We are suffering a very significant reintensification of the virus ... that's going to start doing some damage," said Mark Zandi of Moody's Analytics.
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Nov 05, 2020
Job growth was expected to total 530,000 in October, and the unemployment rate is expected to fall to 7.7%, according to Dow Jones.
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Nov 05, 2020
"Economic activity and employment have continued to recover but remain well below their levels at the beginning of the year," the statement said.
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Nov 05, 2020
The Labor Department reported that 751,000 U.S. workers filed for benefits, compared to 758,000 from the week before.
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Nov 05, 2020
The U.S. may need several hundred billion dollars a month in "disaster relief," Nobel prize-winning economist Paul Krugman said.
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Nov 04, 2020
The likelihood that the Senate will stay in Republican hands likely translates into a smaller pandemic aid package.
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Nov 04, 2020
Fed Chairman Jerome Powell is likely to reiterate the need for fiscal stimulus to help the economy recover.
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Nov 04, 2020
Companies added 365,000 positions for the month, according to ADP, well below the 600,000 estimate from a Dow Jones economist survey.
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Oct 30, 2020
The Fed said it is reducing the minimum loan size to $100,000and will ease restrictions on the debt load for companies.
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Oct 29, 2020
Potential homebuyers may be hitting the limit of what they can afford. Pending home sales fell 2.2% in September compared with August.
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Oct 29, 2020
The number of first-time unemployment claims declined for a second straight week — to the lowest level since Covid shutdowns began in March.
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Oct 29, 2020
The number of first-time unemployment-benefits filers fell to the lowest level in the pandemic, the Labor Department said.
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Oct 29, 2020
The growth came after a 31.4% plunge in the second quarter and was better than the 32% estimate from economists surveyed by Dow Jones
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Oct 29, 2020
Third quarter GDP is expected to grow at a sharp pace, but the economy is still behind where it was and may be challenged by a lack of stimulus.
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Oct 28, 2020
While no Fed official would ever acknowledge that monetary policy ammunition is running low, there appear to be few weapons left in its arsenal.
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Oct 28, 2020
While no Fed official ever would acknowledge that monetary policy ammunition is running low, and in fact would insist to the contrary, there appear to be few weapons left in its arsenal
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Oct 27, 2020
Strong demand and a limited supply of homes have caused home price gains to accelerate dramatically.
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Oct 22, 2020
New filings for jobless claims in the U.S. totaled 787,000 last week, nearly the lowest total since the early days of the coronavirus pandemic.
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Oct 22, 2020
About 1 million fewer workers were collecting state unemployment benefits the week of Oct. 10 relative to the week prior, the Labor Department said Thursday. Much of that reduction likely isn't attributable to people returning to work.
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Oct 22, 2020
The inventory of homes for sale fell 19.2% annually to just 1.47 million homes for sale at the end of September.
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Oct 22, 2020
New filings for jobless claims in the U.S. totaled 787,000 last week, the lowest total since the early days of the coronavirus pandemic.
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Oct 21, 2020
JPMorgan Asset Management's David Kelly told CNBC the U.S. will get a stimulus package after the November presidential elections are over.
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Oct 21, 2020
The central bank official cited several areas of concern, including slowing gains in the jobs market from the 21 million positions lost in the early days of the coronavirus pandemic.
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Oct 21, 2020
The central bank official cited several areas of concern, including: slowing gains in the jobs market from the 21 million positions lost in the early days of the coronavirus pandemic.
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Oct 21, 2020
Homebuyer demand is incredibly strong compared with last year, but there appears to be a slight pullback this month.
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Oct 21, 2020
Next week, the U.S. will get economic news like it has never seen before, reflecting growth that had seemed impossible, as it is likely that GDP will have risen by more than 30%.
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Oct 21, 2020
The first rate hike by the Federal Reserve could be brought forward from around 2024-2025 to 2023-2024, said Jim Caron, a fixed income portfolio manager at Morgan Stanley Investment Management.
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Oct 19, 2020
The nation's homebuilders are seeing no fall chill in demand from buyers, and that has the industry more confident than ever.
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Oct 08, 2020
The central bank official said he expects defaults and bankruptcies to hit that will make the unemployment problem worse.
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Oct 08, 2020
First-time claims for state unemployment benefits were expected to total 825,000 last week, according to economists surveyed by Dow Jones.
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Oct 08, 2020
Morgan Stanley estimates that U.S. households have saved an extra $1.1 trillion as of August, compared to pre-pandemic levels.
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Oct 07, 2020
A recovery that has lived by stimulus could die by stimulus, or the lack thereof, as the impasse among Washington leaders hits a new phase.
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Oct 07, 2020
The Federal Open Market Committee on Wednesday released minutes from its Sept. 15-16 meeting.
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Oct 07, 2020
The work-from-home economy is likely to continue long past the coronavirus pandemic — and it doesn't come without challenges. "If I were a company planning the future of my office," says Stanford economist Nicholas Bloom, "I'd be looking to the suburbs."
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Oct 07, 2020
As the impasse in Washington intensifies, Kashkari told CNBC that workers, businesses and governments need more cash from Congress.
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Oct 07, 2020
As the impasse in Washington intensifies, Kashkari told CNBC that workers, businesses and governments need more cash from Congress.
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Oct 07, 2020
Mortgage rates moved even lower last week, after setting multiple record lows over the last several months. That caused more borrowers to call their lenders and apply for a refinance, but it did not motivate homebuyers quite as much.
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Oct 06, 2020
"It's going to be a much slower recovery and it's disappointing that we didn't get a package done," Mester told CNBC.
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Oct 06, 2020
Powell called Tuesday for continued aggressive fiscal and monetary stimulus for an economic recovery that he said still has "a long way to go."
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Oct 06, 2020
Federal Reserve Chairman Jerome Powell delivers his latest views on the economy Tuesday morning to a virtual gathering of the National Association for Business Economics.
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Oct 05, 2020
Top business leaders say the global economy is facing its worst crisis in a hundred years, and "downside risks remain elevated" unless urgent reforms are enacted during the G-20 summit hosted by Saudi Arabia in November.
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Oct 02, 2020
The Labor Department reported Friday that nonfarm payrolls increased by 661,000 in September. In normal times, that type of hiring pace would be considered a sign of a robust job market.
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Oct 02, 2020
CNBC studied the net change in employment by industry for September based on data from the Labor Department.
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Oct 02, 2020
The unemployment rate was 7.9%, the Labor Department said Friday in the final jobs report before the November election.
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Oct 02, 2020
As of Tuesday, roughly 3.6 million homeowners remain in pandemic-related forbearance plans, according to Black Knight, a mortgage technology and analytics firm.
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Oct 01, 2020
First-time claims for unemployment benefits were expected to total 850,000 for the week ended Sept. 26, according to economists surveyed by Dow Jones.
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Sep 30, 2020
Daly likened the rescue funding so far to a bridge that has helped growth recover somewhat but still needs to be extended.
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Sep 30, 2020
Mortgage applications to purchase a home fell 2% for the week but were 22% higher than one year ago, according to the Mortgage Bankers Association.
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Sep 30, 2020
Companies added jobs at a faster-than-expected pace in September due in good part to a surge in manufacturing hires, according to a report Wednesday from ADP.
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Sep 29, 2020
Stimulus checks and additional unemployment helped low and middle-income Americans pad savings amid the coronavirus pandemic, according to a Federal Reserve study. But those lifelines may soon end.
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Sep 29, 2020
The results come amid a grim milestone for the virus, which has claimed more than 1 million lives globally including more than 200,000 deaths attributed to the U.S.
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Sep 29, 2020
Bankruptcies in the New York City region have surged 40% during the coronavirus pandemic compared with the same time a year ago, according to Bloomberg.
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Sep 29, 2020
Strong demand from homebuyers in July, coupled with rock-bottom mortgage interest rates, caused home prices to accelerate in major markets across the nation.
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Sep 24, 2020
Exceptional demand for new and existing homes, brought on by the stay-at-home culture of the coronavirus pandemic, has the housing market severely depleted. Homebuilders are having trouble keeping up.
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Sep 24, 2020
Citi has put a figure to the economic cost of racial inequality.
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Sep 24, 2020
Initial jobless claims were slightly higher than expected as the labor market continues its sluggish recovery from the coronavirus pandemic.
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Sep 24, 2020
Initial jobless claims were slightly higher than expected as the labor market continues its sluggish recovery from the coronavirus pandemic.
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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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