5 years 5 months ago
Powell, one of the world's most influential economists, has not yet met with members of the homeless encampment near the Fed in Washington.
5 years 5 months ago
As expected, the U.S. central bank decided to keep short-term interest rates anchored near zero as it buys at least $120 billion of bonds each month.
5 years 5 months ago
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policy-making meeting on March 17.
5 years 5 months ago
Lower mortgage rates are not prompting homeowners or potential homebuyers to contact their lenders, as other obstacles stand in their way.
5 years 5 months ago
More Americans say they approve of the $1.9 trillion Covid bill Biden signed last month, and his $2 trillion infrastructure plan is already popular.
5 years 5 months ago
The CNBC Fed Survey for April finds 76% of respondents believe President Biden will choose Powell again.
5 years 5 months ago
Wall Street forecasts the Fed won't reduce its $120 billion of asset purchases until January, three months later than predicted in CNBC's March survey.
5 years 5 months ago
Home price gains continue to outpace expectations, as tight supply and strong demand spur bidding wars.
5 years 5 months ago
Economic growth could slow, and inflation is likely to see at least a momentary bump higher as the semiconductor shortage escalates, economists say.
5 years 5 months ago
Low supply continues to push prices ever higher. The median price of an existing home sold in March was $329,100, a 17.2% increase from March 2020.
5 years 5 months ago
Weekly unemployment claims fell to a new pandemic-era low, suggesting the labor market's recovery is picking up steam.
5 years 5 months ago
First-time claims for unemployment insurance totaled 547,000 last week, the Labor Department said, below the 603,000 Dow Jones estimate.
5 years 5 months ago
David Roche, president of investment firm Independent Strategy, said yields could double and that would bring markets "to the crunch point."
5 years 5 months ago
A sharp drop in mortgage interest rates sent homeowners and potential homebuyers to their lenders.
5 years 5 months ago
Jacob Lew, Treasury secretary from 2013 to 2017, said China's Belt and Road Initiative gained traction as the U.S. under Trump retreated from the world stage.
5 years 5 months ago
The pandemic has shaken up the ranking of the world's largest economies after sending many countries into their worst economic recessions in recent history.
5 years 5 months ago
The path beyond this rocket-fueled year looks far less clear.
5 years 5 months ago
Many Americans have received three rounds of stimulus checks and enhanced unemployment benefits since the pandemic began, helping forestall a wave of defaults.
5 years 5 months ago
Google reported last week that the search "When is the housing market going to crash?" had spiked 2,450% in the past month.
5 years 5 months ago
The consumer price index rose 0.6% in March from the previous month and 2.6% from a year ago, according to the Department of Labor.
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16 minutes 37 seconds ago
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