CNBC Economy

St. Louis Fed President James Bullard made his case for a rapid move higher in rates, saying that the central bank needs to react to inflation.

The Federal Reserve should be measured in its path to raise interest rates, San Francisco Fed President Mary Daly said Sunday.

Atlanta Fed President Raphael Bostic told CNBC on Thursday after the inflation report, "My views have not changed."

Biden touted wages and forecasts for weaker price growth even after the consumer inflation report showed prices are rising at their fastest clip in 40 years.

Workers have seen their hourly pay jump at about the fastest clip in 15 years. But high annual inflation has eaten into those raises.

Many Americans are worried about rising prices and paying bills, a survey from eMoney Advisor finds. The results show over a third are not investing at all.

The Biden administration misread the rising threat of inflation for a variety of reasons, according to several economists and current and former officials.

The consumer price index was expected to increase 7.2% from a year ago, according to a Dow Jones economist survey.

Rising mortgage rates are finally taking a toll on homebuyers, who are already stretched by high home prices. As a result, demand for mortgages fell.

Bostic said he anticipates hiking interest rates three or four times this year, but the central bank isn't locked into a specific plan.

Total debt at the end of the year came to $15.6 trillion, an increase of $333 billion in the fourth quarter and just over $1 trillion for the year.

U.S. government officials said synthetic opioids are akin to “a slow-motion weapon of mass destruction.”

Too much of a good thing, in the form of rapidly rising wages, is expected to push Federal Reserve interest rate hikes at an even faster pace.

The share of workers unemployed for more than six months fell significantly from December, on the back of an unexpectedly strong January jobs report.

The Black unemployment rate dipped to 6.9% in January from 7.1%.

Nonfarm payrolls were expected to increase 150,000 in January, according to economists surveyed by Dow Jones.

The U.S. added over 450,000 jobs last month amid strong demand for workers at restaurants, retailers and mail and parcel delivery companies.

Senate Republicans on Thursday peppered Sarah Bloom Raskin with questions over whether she would steer the institution into climate change.

Initial filings for unemployment claims totaled a bit fewer than expected last week as companies looked to overcome the impact of the omicron spread.

Mortgage rates have been rising swiftly, and that has borrowers rushing in to get the last of the low rates.