Weekly jobless claims total 206,000, higher than expected and above pandemic low
Jobless claims were higher than expected last week after previously hitting their lowest level since 1969, the Labor Department reported…
Economy News, Analysis & Global Insights
Explore key updates and expert insights on global economy trends, markets, and financial policies.
The Fed will halt asset purchases by March and hike rates in June, CNBC survey predicts
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a Senate Banking, Housing and Urban Affairs Committee hearing in…
El-Erian says ‘transitory’ was the ‘worst inflation call in the history’ of the Fed
Calling inflation “transitory” was a historically bad move for the Federal Reserve, according to Allianz Chief Economic Advisor Mohamed El-Erian.“The…
Inflation is hitting the 3 big areas of household budgets
David Paul Morris/Bloomberg via Getty ImagesInflation grew at its fastest clip in almost four decades last month — and rising…
The ‘Great Resignation’ slowed down in October, while job openings jumped
A help wanted sign is posted in the window of hardware store on September 16, 2021 in San Francisco, California.Justin…
Job growth disappoints in November, with a gain of just 210,000, despite high hopes
The U.S. economy created far fewer jobs than expected in November, in a sign that hiring started to slow even…
Hiring was likely strong and employers boosted wages in November, economists say
A worker moves boxes of goods to be scanned and sent to delivery trucks during operations on Cyber Monday at…
CEO survey taken before omicron emergence shows optimism about the economy over the next 6 months
A customer carries her purchases during Black Friday shopping at Fashion Outlets of Chicago in Rosemont of Greater Chicago Area,…
Rolling back U.S.-China tariffs would ease inflation in the U.S., former Treasury secretary says
Eliminating tariffs imposed on goods during the worst of the trade war would help ease inflation in the U.S., former…
The current inflation run is similar to other episodes in history, but with important differences
A customer’s groceries are rung up at a store in San Francisco, California, U.S., on Thursday, Nov. 11, 2021.David Paul…
The Federal Reserve is likely to become a tougher talking central bank, could end bond program sooner
Federal Reserve Chairman Jerome Powell attends the House Financial Services Committee hearing on Capitol Hill in Washington, U.S., September 30,…
Key inflation figure for the Fed up 4.1% year over year, the highest since January 1991
Gasoline prices are displayed at a gas station on November 16, 2021 in San Mateo County, California.Liu Guanguan | China…
Home sales rose in October as investors rushed into the market
Real estate broker Rebecca Van Camp places a “Sold” placard on her sign in front of a home in Meridian,…
Biden offers sympathy and potential supply chain fixes as he has few real options to halt inflation
U.S. President Joe Biden speaks on the bipartisan infrastructure deal at the Port of Baltimore in Baltimore, Maryland, on Wednesday,…
Fuel, housing costs boosted October’s inflation. Here’s what it means for the Fed’s stance on interest rates
A gas pump at an Arco gas station in San Diego, California.Mike Blake | ReutersOctober’s surge in consumer prices was…
Consumer prices jumped in October, but one indicator says inflation might be peaking
Shipping containers in the Port of Los Angeles in Los Angeles, California, U.S., on Wednesday, Oct. 13, 2021.Kyle Grillot |…
Borrowers rush to refinance, as mortgage rates drop for a second week
A property for sale in Monterey Park, CaliforniaFrederic J. Brown | AFP | Getty ImagesMortgage rates fell for the second…
Jack Dorsey is worried about ‘hyperinflation’ — these experts say you shouldn’t be that scared
Twitter and Square CEO Jack Dorsey recently issued a dire economic prediction, complete with a frightening phrase: hyperinflation.“Hyperinflation is going…
Twitter and Square CEO Jack Dorsey says ‘hyperinflation’ will happen soon in the U.S. and the world
Jack Dorsey, CEO of Twitter and co-founder & CEO of Square, speaks during the crypto-currency conference Bitcoin 2021 Convention at…
Homebuilder sentiment bounces back despite ongoing supply chain problems
Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, June…
