CNBC Economy

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.

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.

Treasury Secretary Yellen warned her department will start "extraordinary measures" on Aug. 2 if lawmakers don't raise the debt ceiling.

After four straight months of declines, sales of previously owned homes rose 1.4% in June month to month.

Weekly jobless claims totaled 419,000 for the week ended July 17, above the 350,000 estimate.

A volatile environment for government bonds is reflecting a highly uncertain future for the U.S. economy.

Building permits, an indicator of future construction, fell more than expected to the lowest since August.

The Covid-19 recession is in the books as the shortest in U.S. history, the National Bureau of Economic Research said Monday.

Treasury Secretary Janet Yellen expects inflation run to ease, though she cautioned that prices could continue to rise over the next several months.

Federal Reserve Chairman Jerome Powell appears Thursday before the Senate Banking Committee.

Weekly jobless claims totaled 360,000 last week, matching Wall Street estimates.

Powell said Wednesday that the economy needs to improve more before the central bank will change its ultra-easy monetary policy.

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.

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.

The consumer price index was expected to increase 5% year over year in June, according to economists surveyed by Dow Jones.

Daly told CNBC that a strong economic recovery will allow the central bank to slow its asset purchases, possibly near the end of 2021.

Federal Reserve Chairman Jerome Powell speaks to Congress this week in an update on monetary policy.

The June Survey of Consumer Expectations showed that median inflation expectations over the next 12 months jumped to 4.8%.

Robust hiring at restaurants and bars, public schools and retailers helped lead the U.S. economy to post 850,000 jobs in June.

President Joe Biden said the strong June jobs report proves his economic plan and his nationwide vaccination plan are working better than expected.