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Jul 23, 2021
The U.S. economy is expected to post another roaring growth spurt in the second quarter, before a slow and steady dose of reality starts to sink in.
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Jul 23, 2021
Treasury Secretary Yellen warned her department will start "extraordinary measures" on Aug. 2 if lawmakers don't raise the debt ceiling.
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Jul 22, 2021
After four straight months of declines, sales of previously owned homes rose 1.4% in June month to month.
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Jul 22, 2021
Weekly jobless claims totaled 419,000 for the week ended July 17, above the 350,000 estimate.
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Jul 21, 2021
A volatile environment for government bonds is reflecting a highly uncertain future for the U.S. economy.
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Jul 20, 2021
Building permits, an indicator of future construction, fell more than expected to the lowest since August.
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Jul 19, 2021
The Covid-19 recession is in the books as the shortest in U.S. history, the National Bureau of Economic Research said Monday.
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Jul 16, 2021
Treasury Secretary Janet Yellen expects inflation run to ease, though she cautioned that prices could continue to rise over the next several months.
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Jul 15, 2021
Federal Reserve Chairman Jerome Powell appears Thursday before the Senate Banking Committee.
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Jul 15, 2021
Weekly jobless claims totaled 360,000 last week, matching Wall Street estimates.
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Jul 14, 2021
The producer price index, which measures what companies get for the goods they produce, increased 1% from May and jumped 7.3% on a year-over-year basis.
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Jul 14, 2021
Powell said Wednesday that the economy needs to improve more before the central bank will change its ultra-easy monetary policy.
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Jul 13, 2021
Daly told CNBC that a strong economic recovery will allow the central bank to slow its asset purchases, possibly near the end of 2021.
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Jul 13, 2021
A spike in the June 2021 consumer price index reading may be little cause for alarm thanks to a dizzying, but isolated, rise in used car prices.
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Jul 13, 2021
The consumer price index was expected to increase 5% year over year in June, according to economists surveyed by Dow Jones.
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Jul 12, 2021
Federal Reserve Chairman Jerome Powell speaks to Congress this week in an update on monetary policy.
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Jul 12, 2021
The June Survey of Consumer Expectations showed that median inflation expectations over the next 12 months jumped to 4.8%.
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Jul 02, 2021
Robust hiring at restaurants and bars, public schools and retailers helped lead the U.S. economy to post 850,000 jobs in June.
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Jul 02, 2021
President Joe Biden said the strong June jobs report proves his economic plan and his nationwide vaccination plan are working better than expected.
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Jul 02, 2021
Nonfarm payrolls were expected to increase by 706,000 in June while the unemployment rate was forecast to fall to 5.6%.
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Jul 02, 2021
June jobs growth is expected to outpace May as more Americans rejoined the workforce, even as companies continued to struggle to find employees.
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Jul 01, 2021
The federal government will be swimming in $3 trillion of red ink by the end of fiscal 2021, according to a CBO estimate released Thursday.
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Jul 01, 2021
A group of 130 nations has agreed to a global minimum tax on corporations, part of a broader effort to overhaul international tax rules.
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Jul 01, 2021
The epic housing shortage that began before the pandemic and then was exacerbated by it may finally be starting to ease up. More supply is hitting the market.
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Jul 01, 2021
First-time claims for unemployment insurance were expected to total 390,000 for the week ended June 26.
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Jun 30, 2021
As Americans resume pre-Covid activity and the Biden administration seeks even more stimulus, the president's policies may be his own biggest economic threat.
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Jun 30, 2021
Wharton found that Biden's infrastructure plan would cut the U.S. debt and slightly increase GDP.
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Jun 30, 2021
Weekly mortgage demand fell to the lowest level in almost a year and a half, as home prices sideline more buyers.
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Jun 29, 2021
Home prices in April saw an annual gain of 14.6%, up from a 13.3% increase in March, the S&P CoreLogic Case-Shiller National Home Price Index says.
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Jun 28, 2021
Fed officials are underestimating inflation and risking another recession, Mohamed El-Erian told CNBC on Monday.
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Jun 26, 2021
What's bad news for consumers has been good news for policymakers as well as investors when it comes to inflation.
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Jun 25, 2021
A key inflation indicator that the Federal Reserve uses to set policy rose 3.4% in May, the fastest increase since the early 1990s.
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Jun 24, 2021
First-time claims for unemployment insurance were expected to total 380,000 for the week ended June 19.
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Jun 24, 2021
Delaware's $9.25 minimum wage would increase to $15 by 2025 once the governor signs a new law.
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Jun 22, 2021
Fed Chair Jerome Powell continued to attribute most of the recent inflation surge to factors closely tied to the economic reopening.
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Jun 22, 2021
Sales of existing homes fell 0.9% in May to a seasonally adjusted annualized rate of 5.8 million units, according to the National Association of Realtors.
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Jun 22, 2021
Sales of existing homes dropped for the fourth straight month due to a very low supply of homes on the market.
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Jun 21, 2021
Powell said in testimony prepared for delivery to Congress on Tuesday that the economy is growing but faces continued threats from the pandemic.
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Jun 18, 2021
St. Louis Federal Reserve President James Bullard told CNBC that he sees an initial interest rate increase happening in 2022 as inflation picks up.
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Jun 17, 2021
Mortgage rates moved decidedly higher after Federal Reserve Chairman Jerome Powell moved up his timeline for raising rates and tapering asset purchases.
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Jun 17, 2021
First-time claims for unemployment insurance were expected to total 360,000, according to economists surveyed by Dow Jones.
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Jun 16, 2021
However, the central bank gave no indication as to when it will begin cutting back on its aggressive bond-buying program.
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Jun 16, 2021
Every quarter, members of the FOMC forecast where interest rates will go in the short, medium and long term.
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Jun 16, 2021
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 28.
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Jun 16, 2021
The Fed is not expected to take any policy actions after its meeting this week, but it is likely to signal that it is thinking about them.
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Jun 16, 2021
Vaccine policy will trump all other economic polices this year as the world tries to recover from the coronavirus crisis, Kristalina Georgieva said.
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Jun 16, 2021
After three straight weeks of declines, mortgage demand came crawling back, thanks to a drop in interest rates.
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Jun 15, 2021
Rising construction costs are sidelining buyers and making it harder for some builders to get construction loans.
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Jun 15, 2021
Retail sales were expected to decline by 0.6% in May, while producer prices were estimated to rise by 0.5%, according to economists surveyed by Dow Jones.
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Jun 15, 2021
The Fed is not expected to take any policy actions after its meeting this week, but it is likely to signal that it is thinking about them.
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Jun 14, 2021
The central bank risks its credibility by keeping policy loose and allowing inflation to grow in a way that may not be transitory, Paul Tudor Jones told CNBC.
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Jun 14, 2021
Bank of America CEO Brian Moynihan encouraged the Federal Reserve to ease up on its ultra-easy monetary policy.
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Jun 14, 2021
Nearly all spending categories have recovered with the exception of travel, according to the Bank of America CEO.
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Jun 10, 2021
The total balance sheet for households and nonprofits rose to $136.9 trillion in the first quarter, a 3.8% gain from the end of 2020
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Jun 09, 2021
Economists expect core consumer inflation hit 3.5% in May, the fastest annual pace in 28 years.
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Jun 09, 2021
The Bleakley Advisory Group's Peter Boockvar predicts inflation will be the most widespread in decades.
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Jun 09, 2021
Mortgage rates fell slightly last week, but not enough to light a fire under mortgage demand.
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Jun 08, 2021
Job openings in April soared to a record 9.3 million as the economy rapidly recovered from its pandemic depths, according to the JOLTS report.
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Jun 08, 2021
The goods and services shortfall declined to $68.9 billion for the month, down from the upwardly revised $75.02 billion in March.
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Jun 08, 2021
Job openings in April soared to a new record high, with 9.3 million vacancies coming as the economy rapidly recovered from its pandemic depths.
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Jun 07, 2021
Comments by Fed officials in the past several weeks suggest the issue of tapering looks likely to be discussed as soon as next week's FOMC meeting.
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Jun 07, 2021
The much-anticipated May jobs report offers evidence for both sides of the labor-shortage argument, according to economists.
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Jun 06, 2021
The president's $4 trillion spending proposal would be positive for the U.S., even if it hikes up interest rates, Treasury Secretary Janet Yellen said.
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Jun 04, 2021
May's job gains were "solid," but not enough to change the direction of monetary policy, Cleveland Fed President Loretta Mester told CNBC.
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Jun 04, 2021
Hiring improved in May, but many n Wall Street said the 559,000 jobs added was not sufficient to spur the Fed to begin discussing tapering its bond purchases.
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Jun 04, 2021
Nonfarm payrolls increased 559,000 in May, below the 671,000 estimate.
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Jun 04, 2021
Nonfarm payrolls in May were expected to increase by 671,000, according to economists surveyed by Dow Jones.
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Jun 04, 2021
The head of the U.S. central bank said taking on issues related to global warming is more for the government than for the Federal Reserve.
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Jun 03, 2021
First-time filings totaled 385,000, a decline from the previous week's 405,000 and below the estimate of 393,000.
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Jun 03, 2021
Total hires came to 978,000 for the month, a big jump from April's 654,000 and the largest gain since the 4.35 million added last June.
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Jun 02, 2021
William Dudley, former New York Fed president, predicted that the Federal Reserve will start tapering its asset purchases by the end of this year.
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Jun 01, 2021
China's Vice Premier Liu He and U.S. Treasury Secretary Janet Yellen spoke about how the countries' economic relationship is "very important," state media said.
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May 28, 2021
The core Personal Consumption Expenditures price index for April was expected to increase 2.9% year over year.
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May 27, 2021
After weeks of defending his economic policies against critics who blame them for inflation and a labor shortage, President Joe Biden went on the offensive.
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May 27, 2021
Dallas Federal Reserve President Robert Kaplan cited potential excesses in the housing market as an indication that the central bank should start tapering.
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May 27, 2021
Jobless claims totaled 406,000 last week, better than the estimate of 425,000.
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May 27, 2021
Initial jobless claims were expected to total 425,000 for the week ended May 22, according to economists surveyed by Dow Jones.
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May 26, 2021
A slight increase in mortgage interest rates was enough to tank refinances and bring down overall demand.
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May 25, 2021
Home prices in March were up 13%, one of the largest annual gains in the much-watched S&P Case Shiller index's history.
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May 24, 2021
Fed Governor Lael Brainard pressed the case for a digital dollar, saying that a cryptocurrency backed by the central bank could provide a variety of benefits.
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May 21, 2021
The Democratic chairman of the Senate Banking Committee sees economist Lisa Cook as his top choice to fill the Fed board's remaining vacancy.
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May 21, 2021
Home sales in April dropped unexpectedly, as extremely low supply stands in the way of strong demand.
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May 20, 2021
The Federal Reserve will release a research paper this summer that explores a move to a central bank digital currency.
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May 20, 2021
Initial claims for jobless benefits totaled 444,000 last week, better than the 452,000 Dow Jones estimate.
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May 19, 2021
Japan, South Korea, Taiwan and Vietnam are among Asian manufacturing economies that have reported a renewed Covid outbreak in the last few weeks.
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May 19, 2021
Federal Reserve officials at their April meeting said "it might be appropriate at some point" to consider tapering asset purchases.
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May 19, 2021
Sky-high home prices mean demand for ever bigger mortgages, but those prices may also be causing a pullback in homebuying.
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May 18, 2021
Treasury Secretary Janet Yellen is calling for business leaders to pay higher taxes to support government stimulus spending.
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May 17, 2021
Strong buyer demand is keeping homebuilders confident, but rising construction material costs are weighing on housing affordability.
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May 17, 2021
Atlanta Federal Reserve President Raphael Bostic said he's comfortable with ultra-loose policy even as inflation gains steam.
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May 13, 2021
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.
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May 13, 2021
Economists polled by FactSet are expecting a 0.3% increase in April for the PPI over the previous month.
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May 12, 2021
There was probably less than met the eye from the startling inflation pop in April.
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May 12, 2021
Markets were braced for a hot consumer inflation report, but nowhere near the 4.2% headline increase reported for April.
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May 12, 2021
The recent pickup in inflation may, in fact, be a temporary — and welcome — change for those who fear a slowdown in U.S. GDP.
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May 12, 2021
"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.
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May 12, 2021
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.
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May 12, 2021
The Consumer Price Index rise for April from a year earlier was the sharpest since September 2008.
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May 12, 2021
The Consumer Price Index, which measures a basket of goods as well as energy and housing costs, rose 4.2% from a year ago.
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