CNBC Economy

Unable to halt inflation on his own, President Joe Biden is offering worried consumers sympathy and supply chain fixes.

Some traders and economists think inflation reflected in the consumer price index might have peaked in October.

October's surprising snap higher in consumer prices has sparked speculation the Federal Reserve could use raise interest rates sooner than expected.

The consumer price index surged 6.2% from a year ago in October, the most since December 1990.

Traders in the futures markets moved up their expectations for the first Federal Reserve interest rate hike to July, following a hot inflation report.

Top executives at multiple European blue-chip companies have told CNBC that supply chain problems, labor shortages and inflationary pressures have longer to run.

During the pandemic, home prices shot up while household income fell, creating an affordability crisis.

The Federal Reserve warned in its latest financial stability report of how stress in China's real estate industry could affect the U.S. financial system.

Household debt passed $15 trillion for the first time in the third quarter, as rising prices pushed up balances for homes and autos.

Wholesale prices rose 8.6% from a year ago in October, their highest annual pace in records going back nearly 11 years.

Fed Governor Randal Quarles is stepping down from his post at year-end.

Fed Vice Chairman Richard Clarida conceded that inflation is running well above a level that the central bank considers desirable.

President Joe Biden said October's strong gains in employment are part of a "faster, stronger and fairer" recovery than experts predicted.

Retailers are staring down a triple whammy of challenges this season including labor shortages, supply chain woes and inflation.

President Joe Biden met with Federal Reserve Chairman Jerome Powell and Governor Lael Brainard this week, a source told CNBC.

Nonfarm payrolls were expected to increase by 450,000 in October, according to economists surveyed by Dow Jones.

Nonfarm payrolls swelled by 531,000 jobs in October. Economists say the Fed could speed up its timetable to end its bond-buying program if growth continues.

October's job creation was strong in almost every sector, as hiring across industries helped the broader U.S. economy rebound from a late-summer lull.

Tapering of bond purchases will start "later this month," the policymaking Federal Open Market Committee said in its post-meeting statement.

This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting on Sept. 22.