CNBC Economy

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.

Worries are increasing over inflation, with new Federal Reserve data showing a record-high fear over surging prices.

The top income bracket spends the most among American consumers, but its strength amid inflation may be overstated, according to a new CNBC survey.

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?

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.

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

Treasury Secretary Janet Yellen cautioned Wednesday that Russia's attack on Ukraine could cause a major hit to the global economy.

The Federal Reserve on Wednesday released minutes from its March 15-16 policy meeting.

Investors didn't like what they heard from the Fed's Lael Brainard and Mary Daly, sending major averages considerably lower on the day.

Philadelphia Fed President Patrick Harker joined the chorus warning about inflation and the interest rate hikes needed to control rising prices.

Treasury Secretary Janet Yellen testifies Wednesday before the House Financial Services Committee on the state of international finance.

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.

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.

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.

People plan to trim spending on food, driving and vacations to keep up with inflation, according to CNBC + Acorns Invest in You survey.

Brainard said policy tightening will include a speedy reduction in the balance sheet and a steady pace of interest rate increases.

Jamie Dimon's annual letter to JPMorgan shareholders, read widely in business circles, took a more downcast tone from his missive just last year.

Post-Covid rebounds in the leisure and hospitality and business sectors continued last month and helped drive a strong March jobs report.

Nonfarm payrolls were expected to rise by 490,000 in March, according to Dow Jones estimates.

The personal consumption expenditures price index increased 5.4% from the same period in 2021, the biggest jump going back to April 1983.