CNBC Economy

The CNBC Rapid Update, the average of 14 forecasts for the U.S. economy, sees GDP rising by 3.2% this year, a modest 0.3% markdown from the February forecast.

Some retailers, including Victoria's Secret, are warning about business impacts from the Ukraine crisis. Others, like Nike, have suspended operations in Russia.

Nonfarm payrolls for the month grew by 678,000 and the unemployment rate was 3.8%, the Labor Department reported Friday.

The economy was likely to have added jobs at a healthy pace in February and wages gains were strong.

Initial claims for unemployment insurance totaled 215,000, the lowest total since the beginning of the year.

Mortgage demand fell last week as rates rose, but that may all change this week as rates drop again, and sharply.

Fed Chairman Jerome Powell still sees rate hikes coming but noted that the Russia-Ukraine war has injected uncertainty into the outlook.

Companies added 475,000 positions for the month, better than the Dow Jones estimate for 400,000.

A key inflation measure showed that prices rose at their fastest level in nearly 39 years, the Commerce Department reported Friday.

Weekly jobless claims came in slightly less than expected last week and economic growth to end 2021 was slightly better than originally reported.

Fed officials won't be able to trade stocks and bonds — as well as cryptocurrencies — under new rules that became formal Friday.

While there are reasons to confirm Biden's Fed nominees, economists say concern that the central bank won't act to rein in inflation shouldn't be among them.

Sales of existing homes jumped far more than expected, even as supply hit another record low and prices rose significantly.

St. Louis Fed President James Bullard cautioned that without action on interest rates, inflation could become an even more serious problem.

Production delays for homebuilders are increasing costs and pricing out buyers. All that is weighing on builder sentiment.

Rising mortgage rates are crushing refinance demand, and higher home prices are causing purchase loan sizes to grow.

Bank of America's relationships with U.S. households, small businesses and corporations give Moynihan a unique view into the health of the economy.

Retail sales for the month rose 3.8% in January, much better than the 2.1% Dow Jones estimate.

A Republican boycott Tuesday held up a Senate committee vote on the appointment of a top banking regulator and Federal Reserve Chairman Jerome Powell.

More small business owners say they need to raise prices and don't expect inflation to decline, a signal that higher prices have overtaken Main Street.