CNBC Economy

Prices for core personal consumption expenditures increased 4.1% from a year ago, the highest since January 1991.

An unusual fall surge in home buying is driving mortgage demand higher, even as interest rates rise.

Not since Americans came home from World War II has inflation percolated through the economy like it is now, and it could continue to do so for months to come.

President Joe Biden made the announcement Monday morning following weeks of speculation that Fed Governor Lael Brainard could get the spot.

Home sales rose in October compared with September, as a larger share of investors moved into the market.

Biden's decision to nominate Lael Brainard is thought to be the work of progressives, who say she'll put emphasis on climate change and equitability.

Long-term market bull Jeremy Siegel warns the Federal Reserve will likely take a more aggressive approach to fighting inflation within weeks.

First-time claims for unemployment insurance were expected to total 260,000 for the week ended Nov. 13.

Mortgage rates moved higher again last week, causing a drop in refinance demand.

Inflation is confined to certain sectors and will not pose a threat to the recovery, according to Carl Weinberg, chief economist at High Frequency Economics.

Rents for single-family homes are soaring, as a pricey for-sale market keeps more potential buyers in rentals.

Retail sales rose 1.7% in October, both for all items and excluding autos. They both topped than estimates.

Builder sentiment rose to the highest level since May, as demand surges

"We are in this transition of central banks mischaracterizing inflation," Allianz's chief economic advisor, Mohamed El-Erian, said.

The report represents the latest attempt by the Republican party to highlight the risks of rising prices less than one year before the 2022 midterm elections.

Julian Howard expected that the Federal Reserve would probably only start raising interest rates in the second half of 2022.

Higher inflation has clouded consumer sentiment. The University of Michigan Consumer Sentiment Index slid to 66.8 for November – the lowest level in 10 years.

Plus, how long the pandemic-era quitting spree could last.

The IRS has announced higher federal income tax brackets and standard deductions for 2022 amid rising inflation.

Mortgage rates are now at the lowest level in nearly two months, and refinance demand is coming back.