NEWS: CNBC ECONOMY
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   NEWS: CNBC ECONOMY
CNBC Economy
May 17, 2021

Homebuilder confidence is high, but rising costs of materials present major risks
Strong buyer demand is keeping homebuilders confident, but rising construction material costs are weighing on housing affordability.

CNBC Economy
May 17, 2021

Fed's Bostic says there's no reason to change policy despite inflation fears
Atlanta Federal Reserve President Raphael Bostic said he's comfortable with ultra-loose policy even as inflation gains steam.

CNBC Economy
May 13, 2021

Economist calls for calm on inflation talk: 'Everything ultimately will settle down'
The concentration of price pressures in a handful of categories means markets shouldn't yet be worrying about inflation after Wednesday's U.S. surprise, economists have told CNBC.

CNBC Economy
May 13, 2021

Another inflation gauge comes in hot with producer prices jumping 6.2% in April from a year ago
Economists polled by FactSet are expecting a 0.3% increase in April for the PPI over the previous month.

CNBC Economy
May 12, 2021

April's inflation surge wasn't as drastic as it looked, but the real test is still ahead
There was probably less than met the eye from the startling inflation pop in April.

CNBC Economy
May 12, 2021

Inflation spooks stocks and raises fear the Fed is wrong that the price spike is temporary
Markets were braced for a hot consumer inflation report, but nowhere near the 4.2% headline increase reported for April.

CNBC Economy
May 12, 2021

Investors are worried about inflation data, but economists see it as a sign of temporary growth
The recent pickup in inflation may, in fact, be a temporary — and welcome — change for those who fear a slowdown in U.S. GDP.

CNBC Economy
May 12, 2021

Thomas Peterffy says he's worried inflation in U.S. could become an 'unstoppable situation'
"I'm very worried this is an unstoppable situation because the longer the Fed waits, the more they will have to raise the rates," Thomas Peterffy told CNBC.

CNBC Economy
May 12, 2021

Household debt climbs to $14.64 trillion, due to jump in mortgages and car loans
Total household debt balances rose by $85 billion in the first quarter, a 0.6% increase that brought the total level to $14.64 trillion.

CNBC Economy
May 12, 2021

Inflation speeds up in April as consumer prices leap 4.2%, fastest since 2008
The Consumer Price Index rise for April from a year earlier was the sharpest since September 2008.

CNBC Economy
May 12, 2021

Inflation surges in April as consumer prices leap 4.2%, fastest since 2008
The Consumer Price Index, which measures a basket of goods as well as energy and housing costs, rose 4.2% from a year ago.

CNBC Economy
May 12, 2021

Weekly mortgage refinance demand jumps on brief drop in rates
A brief drop in mortgage interest rates sent some borrowers rushing to their lenders to see if they could get any savings.

CNBC Economy
May 11, 2021

Job openings leaped above 8 million in March, a new high
The number of available jobs jumped to a new high in March, even as employers sought workers to fill those posts.

CNBC Economy
May 11, 2021

As the U.S. economy restarts from the pandemic, parts of it are severely broken
Manufacturers are struggling to catch up with a jolt in demand amid supply crunches in components and raw materials

CNBC Economy
May 10, 2021

Biden urges employers to boost wages but warns workers they'll lose unemployment pay if they reject jobs
Biden said his administration will distribute more coronavirus relief funds as it tries to spur hiring after a weak April jobs report.

CNBC Economy
May 10, 2021

Restaurants are ‘sucking wind' but fighting back to reopen amid a worker shortage
Proprietors faced closures, space restrictions and lingering uncertainty. They're now facing a potentially crippling labor shortage as summer approaches.

CNBC Economy
May 10, 2021

Infrastructure plan should cost up to $800 billion, McConnell says ahead of Biden meeting
Sen. Mitch McConnell is set to discuss infrastructure with President Joe Biden and congressional leaders on Wednesday.

CNBC Economy
May 07, 2021

U.S. Chamber of Commerce blames weak jobs report on enhanced unemployment benefit, kicks off lobbying effort
The U.S. Chamber of Commerce blamed a $300-per-week federal jobless benefit for April's far-weaker-than-expected jobs report.

CNBC Economy
May 07, 2021

Labor secretary says pandemic is still weighing on economy but confidence is coming back
Marty Walsh, the Secretary of Labor, said after April's disappointing jobs report that in normal circumstances 266,000 jobs "is a good number."

CNBC Economy
May 07, 2021

Here's where the jobs are — in one chart
U.S. firms hired far fewer workers than expected in April, as employers struggled to find people to fill job openings.

CNBC Economy
May 07, 2021

April's expected hiring boom goes bust as nonfarm payroll gain falls well short of estimates
Nonfarm payrolls were expected to increase by 1 million in April, according to economists surveyed by Dow Jones.

CNBC Economy
May 07, 2021

China's trade with the U.S. and Australia grew in April despite tensions
U.S. dollar-denominated exports rose 32.3% in April from a year ago, beating an estimate of 24.1% growth from analysts polled by Reuters.

CNBC Economy
May 06, 2021

April jobs expected to top 1 million as consumers boost the economy
Hiring was strong in April and job growth could top 1 million, though many jobs also went unfilled.

CNBC Economy
May 06, 2021

Fed warns about potential for 'significant declines' in asset prices as valuations climb
Rising asset prices in the stock market and elsewhere are posing increasing threats to the financial system, the Fed warned in a report Thursday.

CNBC Economy
May 06, 2021

Jobless claims tumble below 500,000 in another sign the labor market is getting closer to pre-pandemic levels
Initial claims for unemployment benefits fell sharply last week to 498,000, a drop of nearly 100,000 from the previous week and below the 527,000 estimate.

CNBC Economy
May 06, 2021

Jobless claims tumble in another sign the labor market is getting closer to pre-pandemic levels
Initial jobless claims were expected to total 527,000 for the week ended May 1, according to economists surveyed by Dow Jones.

CNBC Economy
May 05, 2021

Private payrolls show big gain in April but still short of lofty expectations, ADP says
Private payrolls grew by 742,000 in April, according to ADP. It was well above March's 565,000 new jobs, but less than the 800,000 Dow Jones estimate.

CNBC Economy
May 05, 2021

Vice President Harris leading small business outreach in White House recovery plan push
Vice President Kamala Harris is taking on a leading role as an ambassador to small businesses, particularly in underrepresented communities.

CNBC Economy
May 04, 2021

Treasury Secretary Yellen says rates may have to rise somewhat to keep economy from overheating
Treasury Secretary Janet Yellen conceded that interest rates may have to rise to keep a lid on the burgeoning economic growth.

CNBC Economy
May 04, 2021

The Covid recovery still has a K shape
The recovery from the Covid recession continues to play out unequally, especially for low-wage workers, minorities and those without a college degree.

CNBC Economy
May 04, 2021

U.S. trade deficit surges to record; shortfall with China keeps rising
The imbalance in goods and services with the rest of the world swelled to $74.4 billion, the Commerce Department reported Tuesday.

CNBC Economy
May 03, 2021

Fed's Barkin sees higher inflation this year, but then a reversal in 2022
Barkin provided a guidepost for when he might change his mind and vote to tighten policy at least through cutting the monthly rate of asset purchases.

CNBC Economy
May 03, 2021

Warren Buffett says Berkshire Hathaway is seeing 'very substantial inflation' and raising prices
"We are seeing very substantial inflation," Buffett said. "We are raising prices. People are raising prices to us and it's being accepted."

CNBC Economy
Apr 30, 2021

Roaring ‘20s economic recovery? For some it'll be 'Grapes of Wrath,' top analyst warns
The anticipated economic boom following the pandemic has been likened to the "Roaring '20s,", but an analyst stressed that not everyone will benefit.

CNBC Economy
Apr 29, 2021

Job growth could surpass 1 million in April hiring boom as economy roars back
Hiring was strong in April as the economy reopened, and some economists predict more than 1 million jobs were added.

CNBC Economy
Apr 29, 2021

Consumer-fueled economy pushes GDP to 6.4% first-quarter gain
The gross domestic product data marked the second-fastest pace for growth since the second quarter of 2003.

CNBC Economy
Apr 29, 2021

Pending home sales rose less than expected in March as prices soared
Pending home sales rose less than expected in March, as buyers contend with record low supply and higher prices.

CNBC Economy
Apr 28, 2021

Powell says he plans to meet with homeless Americans in Washington, DC
Powell, one of the world's most influential economists, has not yet met with members of the homeless encampment near the Fed in Washington.

CNBC Economy
Apr 28, 2021

Fed holds interest rates near zero, sees faster growth and higher inflation
As expected, the U.S. central bank decided to keep short-term interest rates anchored near zero as it buys at least $120 billion of bonds each month.

CNBC Economy
Apr 28, 2021

Here's what changed in the new Fed statement
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 March 17.

CNBC Economy
Apr 28, 2021

Mortgage rates fall to a two-month low, but weekly demand still drops
Lower mortgage rates are not prompting homeowners or potential homebuyers to contact their lenders, as other obstacles stand in their way.

CNBC Economy
Apr 27, 2021

Jerome Powell is a heavy favorite on Wall Street to be renominated as Fed chair
The CNBC Fed Survey for April finds 76% of respondents believe President Biden will choose Powell again.

CNBC Economy
Apr 27, 2021

Americans support Biden's spending and want him to spend more, polls show
More Americans say they approve of the $1.9 trillion Covid bill Biden signed last month, and his $2 trillion infrastructure plan is already popular.

CNBC Economy
Apr 27, 2021

February home prices see the biggest gain in 15 years, S&P Case-Shiller says
Home price gains continue to outpace expectations, as tight supply and strong demand spur bidding wars.

CNBC Economy
Apr 27, 2021

The Fed will stay put in 2021 despite growing concerns about overheating economy, CNBC survey says
Wall Street forecasts the Fed won't reduce its $120 billion of asset purchases until January, three months later than predicted in CNBC's March survey.

CNBC Economy
Apr 27, 2021

The Fed will stay put in 2021 despite growing concerns about overheating economy, CNBC survey shows
Respondents forecast the Fed won't reduce it's $120 billion of asset purchases until January 2022, three months later than the March survey.

CNBC Economy
Apr 22, 2021

Shortage of semiconductors, dubbed the 'new oil,' could dent GDP growth, boost inflation
Economic growth could slow, and inflation is likely to see at least a momentary bump higher as the semiconductor shortage escalates, economists say.

CNBC Economy
Apr 22, 2021

Existing home sales suffer second straight monthly decline as tight supply pushes prices higher
Low supply continues to push prices ever higher. The median price of an existing home sold in March was $329,100, a 17.2% increase from March 2020.

CNBC Economy
Apr 22, 2021

The labor market is heating up as fewer people seek unemployment benefits
Weekly unemployment claims fell to a new pandemic-era low, suggesting the labor market's recovery is picking up steam.

CNBC Economy
Apr 22, 2021

Jobless claims fall again as employment picture gains strength
First-time claims for unemployment insurance totaled 547,000 last week, the Labor Department said, below the 603,000 Dow Jones estimate.

CNBC Economy
Apr 22, 2021

Jobless claims fell again last week as employment picture continues to improve
First-time claims for unemployment insurance were expected to total 603,000 for the week ended April 17, according to economists surveyed by Dow Jones.

CNBC Economy
Apr 21, 2021

Weekly mortgage demand jumps 8.6% after interest rates fall to a two-month low
A sharp drop in mortgage interest rates sent homeowners and potential homebuyers to their lenders.

CNBC Economy
Apr 21, 2021

U.S. inflation could hit 3% or 4% by the middle of 2022, veteran strategist warns
There is a growing body of strategists who believe investors are underestimating the inflation outlook.

CNBC Economy
Apr 21, 2021

Biden's economic plans will help the U.S. compete with China, says former Treasury secretary
Jacob Lew, Treasury secretary from 2013 to 2017, said China's Belt and Road Initiative gained traction as the U.S. under Trump retreated from the world stage.

CNBC Economy
Apr 20, 2021

Here are the 10 biggest economies in the world — before the pandemic vs. now
The pandemic has shaken up the ranking of the world's largest economies after sending many countries into their worst economic recessions in recent history.

CNBC Economy
Apr 15, 2021

The economy is running on a stimulus-fueled caffeine high. What will happen when it wears off?
The path beyond this rocket-fueled year looks far less clear.

CNBC Economy
Apr 14, 2021

Jamie Dimon says U.S. consumers are 'coiled, ready to go' with $2 trillion more in checking accounts
Many Americans have received three rounds of stimulus checks and enhanced unemployment benefits since the pandemic began, helping forestall a wave of defaults.

CNBC Economy
Apr 13, 2021

'When is the housing market going to crash?' is a red-hot search on Google - here's why
Google reported last week that the search "When is the housing market going to crash?" had spiked 2,450% in the past month.

CNBC Economy
Apr 13, 2021

Consumer prices rise more than expected, pushed by 9.1% jump in gasoline
The CPI for March was expected to rise 2.5% over the past year and 0.5% over the previous month, according to economists surveyed by Dow Jones.

CNBC Economy
Apr 12, 2021

The third round of stimulus checks helped, but millions of Americans are still struggling
While the number of Americans going hungry and unable to pay their bills fell last month, new data shows that millions are still struggling.

CNBC Economy
Apr 12, 2021

Powell says it's 'highly unlikely' the Fed will raise rates this year, despite stronger economy
"I think it's highly unlikely that we would raise rates anything like this year," Powell told CBS' "60 Minutes."

CNBC Economy
Apr 11, 2021

Fed Chair Powell says economy about to grow much quicker due to vaccinations and fiscal support
The U.S. economy is at a turning point thanks to government support and a speedy campaign to inoculate Americans against Covid-19, Jerome Powell said.

CNBC Economy
Apr 09, 2021

U.S. producer price index rose 1.0% in March, vs 0.5% increase expected


CNBC Economy
Apr 08, 2021

Weekly jobless claims higher than expected
First-time claims for unemployment insurance were expected to total 694,000, according to economists surveyed by Dow Jones.

CNBC Economy
Apr 07, 2021

U.S. confident vast majority of developed nations will agree to global minimum tax, Treasury deputy says
Adeyemo said the White House's broad interpretation of infrastructure is not only favored by progressives, but by Wall Street, too.

CNBC Economy
Apr 07, 2021

Fed's Brainard says the economy is improving but is still 'far from' where it needs to be
Brainard said that while the U.S. economic outlook has "brightened considerably," it remains well away from the central bank's goals.

CNBC Economy
Apr 07, 2021

Fed officials say easy policy will stay in place until economic 'outcomes' are achieved
Federal Reserve officials indicated at their last meeting that easy policy will stay in place until it produces stronger employment and inflation.

CNBC Economy
Apr 07, 2021

Jamie Dimon says economic boom fueled by deficit spending, vaccines could ‘easily run into 2023'
Dimon, 65, weighed in on a range of topics familiar to watchers of the country's most prominent banker.

CNBC Economy
Apr 06, 2021

24% of unemployed workers have been jobless for over a year
The share of long-term unemployed is rising even as the U.S. jobless rate is falling. That's an unusual dynamic for recessions, economists said.

CNBC Economy
Apr 05, 2021

The Fed could come under fire for easy policy while the economy soars and inflation rises
As the economy booms over the next couple of months, the Fed will have a more difficult time defending its super easy policies.

CNBC Economy
Apr 05, 2021

Fed's Mester lauds jobs report, but says loose policy is staying put
The Fed remains committed to keeping rates low until the employment picture brightens considerably, Mester said.

CNBC Economy
Apr 05, 2021

Biden says higher corporate tax won't hurt economy; Manchin opposes 28% rate
The proposed increase is part of the administration's effort to fund its $2 trillion infrastructure proposal.

CNBC Economy
Apr 05, 2021

The 5 U.S. states where unemployment claims have recovered the most since the start of the pandemic
WalletHub calculated the change in unemployment claims from last week and the same week in 2020 and determined which states are making the quickest recovery.

CNBC Economy
Apr 02, 2021

Jobs report blows past expectations as payrolls boom by 916,000 in March
Nonfarm payrolls were expected to grow by 675,000 while the unemployment rate fell to 6%, according to economists surveyed by Dow Jones.

CNBC Economy
Apr 01, 2021

Manufacturing boom brings more signs that inflation is building rapidly
March brought the strongest manufacturing growth in more than 37 years, and with it increasing indications about inflation pressures

CNBC Economy
Apr 01, 2021

March jobs report is expected to be strong and show the beginning of a hiring surge
Economists expect to see 675,000 jobs were added in March as the economy reopened more broadly, and the number of vaccinated people increased.

CNBC Economy
Apr 01, 2021

Weekly jobless claims higher than expected despite signs of labor market improvement
First-time claims for unemployment benefits totaled 719,000 last week, higher than the 675,000 Dow Jones estimate and the previous week's 658,000.

CNBC Economy
Mar 31, 2021

CFOs haven't been this upbeat about the global economy since 2018: CNBC survey
Chief financial officers of large corporations polled by CNBC are optimistic about the U.S. and global economy and bullish on the Dow Jones Industrial Average.

CNBC Economy
Mar 31, 2021

Pending home sales fell over 10% in February, as record low supply stifles the housing market
The U.S. housing market is suffering from its lowest supply in history, and that is taking an increasingly hard toll on sales.

CNBC Economy
Mar 31, 2021

Private payrolls hiring bursts at fastest pace since September on rise in hospitality hiring
Companies added 517,000 workers for the month, a spike from the 176,000 in February though just below the 525,000 Dow Jones estimate.

CNBC Economy
Mar 30, 2021

Critics slam the Fed as home prices rise at a historic rate
Home price gains are accelerating at an alarming pace, a sharp, pandemic-induced inflation that some claim is not getting enough attention from the Fed.

CNBC Economy
Mar 29, 2021

Fed's Waller says the central bank isn't keeping rates low to finance government debt
The Fed is not keeping monetary policy easy so the government can continue running up debts and deficits, Waller said Monday.

CNBC Economy
Mar 25, 2021

Weekly jobless claims tumble to lowest level in more than a year


CNBC Economy
Mar 25, 2021

Powell praises economic recovery and sees Fed pulling back help after 'substantial' progress
At some point, that will allow the central bank to dial back the help it has provided, though Powell said now is not that time.

CNBC Economy
Mar 25, 2021

Yellen supports banks' share buybacks. Sen. Warren wants BlackRock designated too big to fail
Banks have improved their capital positions and should be allowed to continue to buy back their own shares, Yellen said.

CNBC Economy
Mar 24, 2021

Homebuyer mortgage demand inches higher, but rates hit highest level since summer
Higher mortgage rates do not appear to be dampening demand for home purchases but are crimping refinance volume.

CNBC Economy
Mar 23, 2021

Fed sets up panels to examine risks that climate change poses to the financial system
The Federal Reserve has taken another step forward in efforts to ensure that the financial system is protected against climate risks.

CNBC Economy
Mar 23, 2021

New home sales take a hit as builders grapple with big delays and bigger costs
Sales of newly built homes fell more than expected in February, as builders faced higher costs and persstent delays.

CNBC Economy
Mar 23, 2021

Fed's Kaplan said he expects an interest rate hike in 2022
Dallas Federal Reserve President Robert Kaplan told CNBC he likely will favor an interest rate increase before the end of 2022.

CNBC Economy
Mar 22, 2021

Existing home sales fell sharply in February, as supply dropped by the largest amount on record
The supply of homes for sale fell 29.5% year over year, the largest annual decline ever, to 1.03 million homes.

CNBC Economy
Mar 22, 2021

U.S. economy is 'on the brink' of a complete recovery, says Richmond Fed's Barkin
"Vaccines are rolling out, case rates and hospitalizations are falling, excess savings and fiscal stimulus should help fund pent-up demand," said Thomas Barkin.

CNBC Economy
Mar 20, 2021

The Fed can fight inflation, but it may come at the cost of future growth
Inflation-fighting tools come with a cost, and can be deadly to the kinds of growth periods the U.S. is experiencing.

CNBC Economy
Mar 19, 2021

The Fed will not extend a pandemic-crisis rule that had allowed banks to relax capital levels
The Fed declined to extend a pandemic-era rule that relaxed the amount of capital banks had to maintain against Treasurys and other holdings.

CNBC Economy
Mar 18, 2021

Jobless claims unexpectedly jump despite relaxed economic restrictions
Jobless claims totaled 770,000 for the week ended March 13, an increase from 725,000 during the previous period.

CNBC Economy
Mar 18, 2021

Jobless claims show unexpected increase despite relaxed economic restrictions
First-time claims for unemployment insurance were expected to total 700,000 for the week ended March 13, according to Dow Jones.

CNBC Economy
Mar 17, 2021

Here's where the Federal Reserve sees interest rates, the economy and inflation going
The Federal Reserve sharply ramped up its economic expectations for 2021, according to the central bank's Summary of Economic Projections.

CNBC Economy
Mar 17, 2021

Fed sees stronger economy and higher inflation, but no rate hikes
As widely expected, the policymaking Federal Open Market Committee also voted to keep short-term borrowing rates steady near zero.

CNBC Economy
Mar 17, 2021

Mortgage refinance demand tanks 39% as rates continue to climb
Higher mortgage rates are cutting into demand for refinances, as fewer and fewer borrowers can now get worthwhile savings.

CNBC Economy
Mar 16, 2021

Investors now fear inflation and the Fed more than Covid, Bank of America survey shows
Just over a year since Covid-19 turned the world upside down, investors are starting to get over it.

CNBC Economy
Mar 16, 2021

Homebuilder confidence drops as interest rates and lumber prices rise
A monthly index measuring builder confidence in the single-family housing market fell, as homebuilders face rising interest rates and rising material costs.

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