5 years 2 months ago
After a year of frenzied buying and price gains in the double digits, newly built homes are now out of reach for much of the demand that remains in the market.
5 years 2 months ago
The U.S. economy is expected to post another roaring growth spurt in the second quarter, before a slow and steady dose of reality starts to sink in.
5 years 2 months ago
Treasury Secretary Yellen warned her department will start "extraordinary measures" on Aug. 2 if lawmakers don't raise the debt ceiling.
5 years 2 months ago
After four straight months of declines, sales of previously owned homes rose 1.4% in June month to month.
5 years 2 months ago
Weekly jobless claims totaled 419,000 for the week ended July 17, above the 350,000 estimate.
5 years 2 months ago
A volatile environment for government bonds is reflecting a highly uncertain future for the U.S. economy.
5 years 2 months ago
Building permits, an indicator of future construction, fell more than expected to the lowest since August.
5 years 2 months ago
The Covid-19 recession is in the books as the shortest in U.S. history, the National Bureau of Economic Research said Monday.
5 years 2 months ago
Treasury Secretary Janet Yellen expects inflation run to ease, though she cautioned that prices could continue to rise over the next several months.
5 years 2 months ago
Federal Reserve Chairman Jerome Powell appears Thursday before the Senate Banking Committee.
5 years 2 months ago
Weekly jobless claims totaled 360,000 last week, matching Wall Street estimates.
5 years 2 months ago
Powell said Wednesday that the economy needs to improve more before the central bank will change its ultra-easy monetary policy.
5 years 2 months ago
The producer price index, which measures what companies get for the goods they produce, increased 1% from May and jumped 7.3% on a year-over-year basis.
5 years 2 months ago
A spike in the June 2021 consumer price index reading may be little cause for alarm thanks to a dizzying, but isolated, rise in used car prices.
5 years 2 months ago
The consumer price index was expected to increase 5% year over year in June, according to economists surveyed by Dow Jones.
5 years 2 months ago
Daly told CNBC that a strong economic recovery will allow the central bank to slow its asset purchases, possibly near the end of 2021.
5 years 2 months ago
Federal Reserve Chairman Jerome Powell speaks to Congress this week in an update on monetary policy.
5 years 2 months ago
The June Survey of Consumer Expectations showed that median inflation expectations over the next 12 months jumped to 4.8%.
5 years 2 months ago
Robust hiring at restaurants and bars, public schools and retailers helped lead the U.S. economy to post 850,000 jobs in June.
5 years 2 months ago
President Joe Biden said the strong June jobs report proves his economic plan and his nationwide vaccination plan are working better than expected.
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