CNBC Economy

Federal Reserve Chairman Jerome Powell indicated Friday that the central bank is likely to begin tapering before the end of the year.

Dallas Federal Reserve President Robert Kaplan would like to see the central bank announce next month that it will begin tightening its policy reins.

An inflation measure the Federal Reserve uses to set policy rose 3.6% in July from a year ago.

For the Fed, implementing the easiest monetary policy in history was tough enough. Getting out will be no treat, either.

First-time jobless claims filings totaled 353,000 for the week ended Aug. 21 while second-quarter- GDP growth was revised up to 6.6%.

Kansas City Fed President Esther George said it's time for the central bank to start dialing back its policy stimulus.

If the recovery is going to continue, it will need delta to fade, and there are signs that the tide might be turning, albeit slowly.

Home sales rose for the second straight month but were barely higher than in July 2020.

Jobless claims for the week ended Aug. 14 totaled 348,000, below the Dow Jones estimate for 365,000.

The Federal Reserve on Wednesday released the minutes from its July 27-28 meeting.

Mortgage demand drops after rates rise to highest level in a month.

Homebuilder sentiment falls to the lowest level in a year, due to rising construction costs pushing home prices higher.

Retail sales were expected to decrease 0.3% in July, according to economists surveyed by Dow Jones.

Consumers, concerned over Covid delta spread, likely spent less in July, economists say.

Interviews with officials along with their public comments show growing support for a faster taper timeline than markets had expected a month ago.

The University of Michigan consumer sentiment index dropped more than 13% in its preliminary August reading.

Jobless claims numbers have come down sharply since the spring as the economy has recovered, and they have settled near the 400,000 level in recent weeks.

Prices that Americans pay for everyday goods and services accelerated in July, but about where economists had expected.

Dallas Fed President Robert Kaplan said that the central bank should begin to taper its monthly purchases of Treasury bonds in October.

The jump came as the quits increased while the layoffs and discharges rate was unchanged, reflecting increased bargaining power for workers.