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…
Global Economy News, Financial Trends & Market Analysis
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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…
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…
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…
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