Consumer debt passes $17 trillion for the first time despite slide in mortgage demand
A clerk uses a credit card reader to charge a customer in Miami.Getty ImagesTotal consumer debt hit a fresh new…
Economy News, Analysis & Global Insights
Explore key updates and expert insights on global economy trends, markets, and financial policies.
Here’s where the jobs are for January 2023 — in one chart
The U.S. economy added far more jobs than expected in January, boosted by a jump in leisure and hospitality employment.That…
Time for the Fed to declare victory on inflation? Not yet
A man pumps gas at a gas station in the Brooklyn borough of New York, the United States, Dec. 13,…
Jobless claims total 232,000, the lowest level in two months
Initial filings for unemployment insurance fell to their lowest level since late June last week, a sign that the labor…
Wholesale inflation fell 0.5% in July, in another sign that price increases are slowing
Wholesale prices fell in July for the first time in two years as a plunge in energy prices slowed the…
As inflation bites and America’s mood darkens, higher-income consumers are cutting back, too
Miami, Florida, Brickell City Centre shopping mall with Apple Store, Chanel and escalators.Jeff Greenberg | Universal Images Group | Getty…
Economy added 431,000 jobs in March despite worries over slowing growth
Amid soaring inflation and worries about a looming recession, the U.S. economy added slightly fewer jobs than expected in March…
Mortgage rate soars closer to 5% in its second huge jump this week
The rate for the most common kind of mortgage just surged again.The average rate on the 30-year fixed mortgage shot…
Pending home sales sink in February, setting a grim tone as housing market enters key spring season
A home with a sign indicating that it is under contract to be sold is seen in a neighborhood of…
Why the Federal Reserve raises interest rates to combat inflation
The Federal Reserve building in Washington, January 26, 2022.Joshua Roberts | ReutersThe Federal Reserve is poised to announce its first…
Forecasters see growing chance of a recession as Fed hikes rates this year to fight inflation
Forecasters have raised their outlooks for a recession and boosted their inflation projection as the Federal Reserve faces the quandary…
Single-family rent prices are surging at a record rate, led by homes in Sun Belt cities like Miami and Phoenix
A house for rent in Corona Del Mar, California.Scott Mlyn | CNBCDemand for single-family rental homes is soaring, pushing prices…
Wholesale inflation climbed 0.8% in February, lower than estimate but still up 10% from last year
Another surge in energy prices pushed wholesale goods prices to their biggest one-month jump in record in February, according to…
January home sales jump 6.7% despite a record low supply
A sold sign is posted in front of a home in Phoenix, Arizona.Justin Sullivan | Getty ImagesSales of previously owned…
Homebuilders’ confidence falls as they wait months for cabinets, garage doors and appliances
A worker makes repairs to a home under construction at the Lennar Bridgeway home development on December 15, 2021 in…
After a huge year for growth, the U.S. economy is about to slam into a wall
Free food is handed out by the Brooklyn community organization PASWO during a weekly food distribution on December 08, 2021…
Suburban sprawl is weighing on the U.S. economy
America’s suburbs are sprawling again.Last year, single family housing starts rose to 1.123 million, the highest since 2006, according to…
Inflation rises 7% over the past year, highest since 1982
Inflation plowed ahead at its fastest 12-month pace in nearly 40 years during December, according to a closely watched gauge…
Fed Vice Chair Clarida to step down early following scrutiny over his trades during pandemic
Federal Reserve Vice Chairman Richard Clarida said Monday he will be leaving his post with just a few weeks left…
November home sales rose due to hot job market and concerns over rising rates next year
HOUSTON, TEXAS – AUGUST 12: A newly sold home is shown on August 12, 2021 in Houston, Texas. Home prices…
