CNBC Economy

The producer price index was expected to rise 0.4% in December. Jobless claims were forecast to total 200,000.

Rates have started this year sharply higher, and that may have potential buyers rushing in more quickly, afraid that rates will go even higher.

The consumer price index for December 2021 was expected to increase 7% from a year ago, according to economists surveyed by Dow Jones.

The leisure and hospitality sector led hiring in December as restaurants added wait staff, cooks and bartenders ahead of the holidays.

Shares of major grocers fell on Tuesday, after Albertsons said omicron has compounded out-of-stocks.

Federal Reserve Chairman Jerome Powell declared Tuesday that the economy is both healthy enough and in need of tighter monetary policy.

Federal Reserve Chairman Jerome Powell testifies Tuesday before the Senate Banking Committee as part of his confirmation process.

JPMorgan is the biggest U.S. bank by assets and has relationships with half of U.S. households.

Federal Reserve Vice Chairman Richard Clarida said Monday he will be leaving his post with just a few weeks left on his term.

High inflation and near-full employment will push the Fed to raise rates more quickly than expected, according to Goldman Sachs.

Nonfarm payrolls were expected to increase by 422,000 in December, according to economists surveyed by Dow Jones.

Fed members are ready not only to start raising rates and tapering bond buying, but also cutting the size of the balance sheet.

Jobless claims totaled 207,000 for the week ended Jan. 1, higher than the 195,000 estimate and 7,000 more than the previous week.

The Federal Open Market Committee on Wednesday released minutes from its Dec. 14-15 meeting.

Private job growth totaled 807,000 for the month, well ahead of the Dow Jones estimate for 375,000 and the November gain of 505,000.

Workers quit their jobs in record numbers in November while the total openings pulled back a bit, the Labor Department reported Tuesday.

If everything goes according to plan, the central bank in a little over two months will enact its first rate increase in three years.

In a surprise announcement, FDIC Chair Jelena McWilliams said she is resigning effective Feb. 4.

Jobless claims for the week ended Dec. 25 totaled 198,000, less than the 205,000 Dow Jones forecast and a dip of 8,000 from the previous period.

Mortgage rates fell to a four-week low, but the tight supply of homes for sale, as well as high prices, caused a drop in loan demand from homebuyers.