Key Fed inflation gauge rises 4.9% from a year ago, fastest gain since 1983
A gauge the Federal Reserve prefers to measure inflation rose 4.9% from a year ago, the biggest gain going back…
Economy
GDP grew at a 6.9% pace to close out 2021, stronger than expected despite omicron spread
The U.S. economy grew at a much better-than-expected pace to end 2021 from sizeable boosts in inventories and consumer spending,…
Mortgage refinance demand plunges 13% as interest rates climb toward two-year high
A home for sale in Susanville, CA. Gary Coronado | Los Angeles Times | Getty Images Rising interest rates are…
Federal Reserve points to interest rate hike coming in March
Facing both turbulent financial markets and raging inflation, the Federal Reserve on Wednesday indicated it could soon raise interest rates…
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 policymaking meeting on Dec. 15. Text…
The Fed is likely to signal a March interest rate hike and that further policy tightening is coming
U.S. Federal Reserve Board Chairman Jerome Powell speaks during his re-nominations hearing of the Senate Banking, Housing and Urban Affairs…
CNBC Fed Survey forecasts more aggressive Fed tightening
Federal Reserve Chairman Jerome Powell testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act,…
CNBC Fed Survey forecasts more aggressive Fed, but better economic growth
Federal Reserve Chairman Jerome Powell testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act,…
Home prices surged in November, but at a slower rate than in October, S&P Case-Shiller says
A “For Sale” sign is seen outside a home in New York. Shannon Stapleton | Reuters Even as the housing…
Jobless claims jump to 286,000, the highest level since October
Jobless claims took an unexpected turn higher last week in a potential sign that the wintertime omicron surge was hitting…
