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CNBC Economy
May 18, 2022

Households are now spending an estimated $5,000 a year on gasoline
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.

CNBC Economy
May 18, 2022

CEO outlook dims sharply, with more than half expecting a recession ahead, survey shows
The Conference Board measure of CEO sentiment showed that 57% expect the economy to sustain a "very short, mild recession."

CNBC Economy
May 18, 2022

Households are now spending the equivalent of $5,000 a year on gasoline: Yardeni
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.

CNBC Economy
May 18, 2022

Weekly mortgage demand from homebuyers tumbles 12%, as higher interest rates take their toll
Higher mortgage interest rates are hitting homebuyer affordability hard, and that is showing up in a sharp drop in mortgage applications.

CNBC Economy
May 17, 2022

Powell says the Fed will not hesitate to keep raising rates until inflation comes down
Fed Chairman Jerome Powell said he will back interest rate increases until prices start falling back toward a healthy level.

CNBC Economy
May 17, 2022

California's gas average tops $6 per gallon as prices surge across the U.S.
California's state average for a gallon of gas hit a record above $6.

CNBC Economy
May 17, 2022

Retail spending increased 0.9% in April, boosted by demand and inflation
Retail sales were expected to rise 1% in April, according to Dow Jones estimates.

CNBC Economy
May 17, 2022

Homebuilder sentiment falls to 2-year low on declining demand and rising costs
"Housing leads the business cycle, and housing is slowing," said NAHB Chairman Jerry Konter, a builder and developer.

CNBC Economy
May 10, 2022

Fed's Waller promises to tackle inflation, says mistakes of the '70s won't be repeated
Fed Governor Christopher Waller pledged that the rate-setting group wouldn't make the same mistakes on inflation that it did in the 1970s.

CNBC Economy
May 10, 2022

April's consumer price index report expected to show inflation has already peaked
April's consumer price index may show inflation has reached its height.

CNBC Economy
May 09, 2022

Inflation outlook for consumers falls from record high, Fed survey shows
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.

CNBC Economy
May 09, 2022

Fed's Neel Kashkari confident inflation can come down, but not without some pain
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.

CNBC Economy
May 06, 2022

Payroll growth accelerated by 428,000 in April, more than expected as jobs picture stays strong
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%.

CNBC Economy
May 05, 2022

'Unretirement' is becoming a hot new trend in the sizzling U.S. labor market
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.

CNBC Economy
May 05, 2022

Worker output fell 7.5% in the first quarter, the biggest decline since 1947
Worker productivity fell to start 2022 at its fastest pace in nearly 75 years while labor costs soared.

CNBC Economy
May 05, 2022

Regulators propose first major revamp to fair housing rules since 1995
The changes would tailor the Community Reinvestment Act's approach to making sure banks are not engaging in "redlining."

CNBC Economy
May 05, 2022

Fed raises rates by half a percentage point — the biggest hike in two decades — to fight inflation
Wednesday's rate hike will push the federal funds rate to a range of 0.75%-1%.

CNBC Economy
May 04, 2022

Private payrolls increased by 247,000 in April, well below the estimate, ADP says
Private payrolls increased by just 247,000 for the month, well below the 390,000 Dow Jones estimate.

CNBC Economy
May 04, 2022

Weekly mortgage demand rose for the first time since early March last week, but it won't last
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.

CNBC Economy
May 03, 2022

Job openings and the level of people quitting their jobs reached records in March
Employment openings exceeded the level of available workers by 5.6 million in March while a record number of people quit their jobs.

CNBC Economy
May 02, 2022

Home affordability is nearly the worst on record as mortgage rates spike
Overheated home prices and sharply higher mortgage rates are crushing housing affordability.

CNBC Economy
May 02, 2022

Fears of a Fed mistake grow as this week's anticipated interest rate hike looms
The Federal Reserve is tasked with slowing the U.S. economy enough to control inflation but not so much that it tips into recession.

CNBC Economy
May 02, 2022

The Federal Reserve's fight with inflation could cool the hot labor market, risking stagflation
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.

CNBC Economy
May 01, 2022

Surging prices force consumers to ask: Can I live without it?
Consumer spending habits are starting to shift as inflation rises and people emerge from the pandemic.

CNBC Economy
Apr 29, 2022

The Fed's favorite inflation gauge rose 5.2% in March as worker pay fell further behind
A measure that the Federal Reserve focuses on to gauge inflation rose at a robust pace in March.

CNBC Economy
Apr 28, 2022

U.S. GDP fell at a 1.4% pace to start the year as pandemic recovery takes a hit
Gross domestic product unexpectedly declined 1.4% in the first quarter, an abrupt reversal for an economy coming off its best performance since 1984.

CNBC Economy
Apr 22, 2022

Fed's Mester casts doubt on the need for 'shock' interest rate hikes ahead
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.

CNBC Economy
Apr 22, 2022

Powell says taming inflation 'absolutely essential,' and a 50 basis point hike possible for May
Federal Reserve Chairman Jerome Powell on Thursday affirmed the central bank's determination to bring inflation down.

CNBC Economy
Apr 21, 2022

Watch Fed Chairman Jerome Powell speak live at IMF debate
Federal Reserve Chairman Jerome Powell speaks Thursday on a panel presented by the International Monetary Fund. CNBC's Sara Eisen will moderate the talk.

CNBC Economy
Apr 21, 2022

Weekly jobless claims total 184,000, just above expectations in tight labor market
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.

CNBC Economy
Apr 20, 2022

Fed's Daly says the economy can handle rate hikes, but a mild recession is possible
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.

CNBC Economy
Apr 20, 2022

Fed's Bostic expresses caution about the pace of interest rate hikes
Atlanta Fed President Raphael Bostic did not commit in a CNBC to interview to what pace the Fed should take in increasing benchmark rates.

CNBC Economy
Apr 18, 2022

Homebuilder sentiment drops for fourth straight month, as rising rates push housing to 'an inflection point'
Sharply higher mortgage rates are causing homebuyers to pull back, and homebuilder sentiment dropped as a result.

CNBC Economy
Apr 14, 2022

Retail sales rose 0.5% in March amid inflation jump; import prices hit 11-year high
Retail sales were expected to increase 0.6% in March, according to Dow Jones estimates.

CNBC Economy
Apr 13, 2022

Fed's Waller sees likelihood of multiple half-point interest rate hikes ahead
Getting inflation under control will require raising interest rates at a faster pace than normal, Fed board member Christopher Waller said Wednesday.

CNBC Economy
Apr 13, 2022

Supplier prices rose 11.2% from a year ago in March, the biggest gain on record
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.

CNBC Economy
Apr 12, 2022

Consumer prices rose 8.5% in March, slightly hotter than expected and the highest since 1981
The consumer price index for March was expected to increase 8.4% from a year ago, according to Dow Jones estimates.

CNBC Economy
Apr 11, 2022

March's runaway energy prices and higher food costs could mean hottest consumer inflation since 1981
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.

CNBC Economy
Apr 11, 2022

Inflation is hammering the voters who will soon decide some key midterm races
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.

CNBC Economy
Apr 11, 2022

White House says it expects inflation to be 'extraordinarily elevated' in new report
The Biden administration is bracing for the Labor Department's consumer price index report to show that inflation is "extraordinarily elevated."

CNBC Economy
Apr 11, 2022

25% of Americans felt financially stressed all the time last year, CNBC Acorns Invest in You survey found
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.

CNBC Economy
Apr 11, 2022

Consumer fears over inflation hit a record high in March, New York Fed survey shows
Worries are increasing over inflation, with new Federal Reserve data showing a record-high fear over surging prices.

CNBC Economy
Apr 09, 2022

As inflation bites and America's mood darkens, higher-income consumers are cutting back, too
The top income bracket spends the most among American consumers, but its strength amid inflation may be overstated, according to a new CNBC survey.

CNBC Economy
Apr 09, 2022

Here's how the Fed raising interest rates can help get inflation lower, and why it could fail
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?

CNBC Economy
Apr 07, 2022

Fed's Bullard says interest rate policy is 'behind the curve,' but it's making progress
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.

CNBC Economy
Apr 07, 2022

Weekly jobless claims fell to 166,000 last week, the lowest level since 1968
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

CNBC Economy
Apr 06, 2022

Yellen warns that war in Ukraine will have 'enormous' global economic impact
Treasury Secretary Janet Yellen cautioned Wednesday that Russia's attack on Ukraine could cause a major hit to the global economy.

CNBC Economy
Apr 06, 2022

Fed officials plan to shrink the balance sheet by $95 billion a month, meeting minutes indicate
The Federal Reserve on Wednesday released minutes from its March 15-16 policy meeting.

CNBC Economy
Apr 06, 2022

Key people from the Fed spooked the markets — here's what they said
Investors didn't like what they heard from the Fed's Lael Brainard and Mary Daly, sending major averages considerably lower on the day.

CNBC Economy
Apr 06, 2022

Fed's Patrick Harker is 'acutely concerned' about inflation, sees 'deliberate' rate hikes
Philadelphia Fed President Patrick Harker joined the chorus warning about inflation and the interest rate hikes needed to control rising prices.

CNBC Economy
Apr 06, 2022

Watch Treasury Secretary Janet Yellen speak live on the global financial system
Treasury Secretary Janet Yellen testifies Wednesday before the House Financial Services Committee on the state of international finance.

CNBC Economy
Apr 05, 2022

Fed's Mary Daly says high inflation 'is as harmful as not having a job,' pledges rate hikes ahead
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.

CNBC Economy
Apr 05, 2022

Inflation fears force Americans to rethink financial choices, CNBC and Acorns survey says
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.

CNBC Economy
Apr 05, 2022

Fed's Brainard sees balance sheet reduction soon and 'at a rapid pace'
Brainard said that policy tightening will include a speedy reduction in the balance sheet and a steady pace of interest rate increases.

CNBC Economy
Apr 05, 2022

Inflation fears force Americans to rethink financial choices
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.

CNBC Economy
Apr 05, 2022

81% of U.S. adults are worried about a recession hitting this year, survey finds
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.

CNBC Economy
Apr 05, 2022

Here's what consumers plan to cut back on if prices continue to surge
People plan to trim spending on food, driving and vacations to keep up with inflation, according to CNBC Acorns Invest in You survey.

CNBC Economy
Apr 04, 2022

Dimon says confluence of inflation, Ukraine war may 'dramatically increase risks ahead' for U.S.
Jamie Dimon's annual letter to JPMorgan shareholders, read widely in business circles, took a more downcast tone from his missive just last year.

CNBC Economy
Apr 01, 2022

Here's where the jobs are — in one chart
Post-Covid rebounds in the leisure and hospitality and business sectors continued last month and helped drive a strong March jobs report.

CNBC Economy
Apr 01, 2022

Economy added 431,000 jobs in March despite worries over slowing growth
Nonfarm payrolls were expected to rise by 490,000 in March, according to Dow Jones estimates.

CNBC Economy
Apr 01, 2022

The Fed's preferred inflation gauge rose 5.4% in February, the highest since 1983
The personal consumption expenditures price index increased 5.4% from the same period in 2021, the biggest jump going back to April 1983.

CNBC Economy
Mar 30, 2022

Companies added 455,000 jobs in March, slightly more than expected, ADP says
Private payrolls expanded by 455,000 for the month, the firm said, about in line with the Dow Jones estimate of 450,000.

CNBC Economy
Mar 30, 2022

Mortgage refinance demand plunges 60%, as rates hit their highest level since 2018
A sharp increase in mortgage rates causes a plunge in refinance demand.

CNBC Economy
Mar 29, 2022

There are now a record 5 million more job openings than unemployed people in the U.S.
There were 11.27 million openings in the month, which left a record 5 million more openings than available workers.

CNBC Economy
Mar 29, 2022

Fed's Patrick Harker says he thinks the U.S. can avoid a recession, even amid troubling signs
Philadelphia Federal Reserve President Patrick Harker said Tuesday that he doesn't think the U.S. is heading for recession.

CNBC Economy
Mar 29, 2022

El-Erian warns of 'cost-of-living crisis,' says Fed rate hikes could cause recession
The Federal Reserve's efforts to fight inflation threaten to sink the U.S. into contraction, according to economist Mohamed El-Erian.

CNBC Economy
Mar 29, 2022

Home prices heated up to start the year, with huge surges in Arizona and Florida, says S&P Case-Shiller report
Home prices picked up steam again in January after a brief pullback, even as mortgage rates increased.

CNBC Economy
Mar 25, 2022

Mortgage rate soars closer to 5% in its second huge jump this week
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.

CNBC Economy
Mar 25, 2022

Pending home sales sink in February, setting a grim tone as housing market enters key spring season
Higher mortgage rates are taking their toll on home sales, as a strong housing market begins to turn.

CNBC Economy
Mar 25, 2022

The second Cold War is already beginning, experts say, and many of the battles are being fought with economic weapons
A new Cold War will pose a new challenge to a market that is still recovering from the uncertainties of the pandemic.

CNBC Economy
Mar 23, 2022

Mortgage refinance demand plunges 14%, as interest rates spike higher
Fast-rising mortgage rates are causing a drop in mortgage demand, especially refinances.

CNBC Economy
Mar 22, 2022

Mortgage rates are surging faster than expected, prompting economists to lower their home sales forecasts
Mortgage rates are rising far faster than economists had predicted, and some are now revising their home sales forecasts lower as a result.

CNBC Economy
Mar 21, 2022

Powell says 'inflation is much too high' and the Fed will take 'necessary steps' to address
Federal Reserve Chairman Jerome Powell owed tough action on inflation, which he said jeopardizes an otherwise strong recovery.

CNBC Economy
Mar 15, 2022

Why the Federal Reserve raises interest rates to combat inflation
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.

CNBC Economy
Mar 15, 2022

Forecasters see growing chance of a recession as Fed hikes rates this year to fight inflation
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.

CNBC Economy
Mar 15, 2022

Forecasters sees growing chance of a recession as Fed hikes rates this year to fight inflation
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.

CNBC Economy
Mar 15, 2022

Wholesale inflation climbed 0.8% in February, lower than estimate but still up 10% from last year
The headline producer price index rose 0.8% in February, which actually was slightly lower than the 0.9% Dow Jones estimate.

CNBC Economy
Mar 15, 2022

Federal Reserve is poised to hike interest rates to combat the highest inflation in 40 years
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.

CNBC Economy
Mar 15, 2022

Single-family rent prices are surging at a record rate, led by homes in Sun Belt cities like Miami and Phoenix
Single-family rents were up 38.6% in Miami, compared with just a 2% jump for the city in January 2021.

CNBC Economy
Mar 11, 2022

Federal Reserve expected to raise interest rates in week ahead, as Ukraine crisis adds volatility
Investors may take the Federal Reserve's first post-pandemic rate hike in stride, while uncertainty surrounding Ukraine continues to hang over markets.

CNBC Economy
Mar 10, 2022

Inflation rose 7.9% in February, as food and energy costs push prices to highest in more than 40 years
The consumer price index for February was expected to rise 7.8% over the past year, according to Dow Jones estimates.

CNBC Economy
Mar 10, 2022

The Federal Reserve is shrinking its $9 trillion bond program. Here's what that means for your portfolio
The Federal Reserve sent $9 trillion into U.S. bond markets amid recent emergencies. Reducing the balance of this portfolio could spark a recession.

CNBC Economy
Mar 09, 2022

Brief drop in mortgage rates sparks mini refinance boom
Borrowers rushed to take advantage of a brief drop in rates, but those rates are already on the rise again.

CNBC Economy
Mar 07, 2022

War fallout: U.S. economy to slow, Europe risks recession and Russia to suffer double-digit decline
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.

CNBC Economy
Mar 04, 2022

February jobs rose a surprisingly strong 678,000, unemployment edged lower while wages were flat
Nonfarm payrolls for the month grew by 678,000 and the unemployment rate was 3.8%, the Labor Department reported Friday.

CNBC Economy
Mar 03, 2022

February jobs report expected to show strong labor market continuing with solid wage gains
The economy was likely to have added jobs at a healthy pace in February and wages gains were strong.

CNBC Economy
Mar 03, 2022

Retailers start to warn of business impact from Russia's invasion of Ukraine
Some retailers, including Victoria's Secret, are warning about business impacts from the Ukraine crisis. Others, like Nike, have suspended operations in Russia.

CNBC Economy
Mar 03, 2022

Jobless claims total 215,000, fewer than expected; productivity rises 6.6%
Initial claims for unemployment insurance totaled 215,000, the lowest total since the beginning of the year.

CNBC Economy
Mar 02, 2022

Fed Chair Powell notes 'highly uncertain' Ukraine impact, but says rate hikes are still coming
Fed Chairman Jerome Powell still sees rate hikes coming but noted that the Russia-Ukraine war has injected uncertainty into the outlook.

CNBC Economy
Mar 02, 2022

Companies added 475,000 jobs in February, better than expected, ADP says
Companies added 475,000 positions for the month, better than the Dow Jones estimate for 400,000.

CNBC Economy
Mar 02, 2022

Weak mortgage demand could get a big boost as Ukraine crisis causes interest rates to drop sharply
Mortgage demand fell last week as rates rose, but that may all change this week as rates drop again, and sharply.

CNBC Economy
Feb 25, 2022

Fed's favorite inflation gauge up 5.2% for biggest annual gain since 1983
A key inflation measure showed that prices rose at their fastest level in nearly 39 years, the Commerce Department reported Friday.

CNBC Economy
Feb 24, 2022

Jobless claims total 232,000, slightly less than expected; Q4 GDP revised up to 7%
Weekly jobless claims came in slightly less than expected last week and economic growth to end 2021 was slightly better than originally reported.

CNBC Economy
Feb 19, 2022

Fed approves rules banning its officials from trading stocks, bonds and also cryptocurrencies
Fed officials won't be able to trade stocks and bonds — as well as cryptocurrencies — under new rules that became formal Friday.

CNBC Economy
Feb 18, 2022

The Fed is going to hike rates regardless if Biden's nominees are confirmed, economists say
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.

CNBC Economy
Feb 18, 2022

January home sales jump 6.7% despite a record low supply
Sales of existing homes jumped far more than expected, even as supply hit another record low and prices rose significantly.

CNBC Economy
Feb 17, 2022

Fed's Bullard says inflation 'could get out of control,' so action is needed now
St. Louis Fed President James Bullard cautioned that without action on interest rates, inflation could become an even more serious problem.

CNBC Economy
Feb 16, 2022

Retail sales surge 3.8% in January, much more than expected amid inflation rise
Retail sales for the month rose 3.8% in January, much better than the 2.1% Dow Jones estimate.

CNBC Economy
Feb 16, 2022

Bank of America CEO Brian Moynihan says U.S. consumer spending 'very strong' in February
Bank of America's relationships with U.S. households, small businesses and corporations give Moynihan a unique view into the health of the economy.

CNBC Economy
Feb 16, 2022

Homebuilders' confidence falls as they wait months for cabinets, garage doors and appliances
Production delays for homebuilders are increasing costs and pricing out buyers. All that is weighing on builder sentiment.

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