CNBC Economy

First-time claims for unemployment insurance fell to 730,000 last week, well below the expected 845,000.

Fed Chairman Jerome Powell told the Senate Banking Committee that price pressures remain mostly muted and the economic outlook is still "highly uncertain."

December is usually the slowest month for the housing market, but price gains didn't slow down one bit in 2020.

"We think it's very important to have a big package [that] addresses the pain this has caused," Yellen told CNBC.

First-time filings for jobless claims totaled 861,000 last week, above the Dow Jones estimate of 773,000.

Buyer demand for newly built homes continues to surge, and that is keeping builder confidence high even as building material prices climb.

Debt increased 1.4% for the final three months, representing another $206 billion as households took advantage of low interest rates.

Consumers flocked to spend their stimulus checks in January, sending retail sales for the month up 5.3% in a blockbuster start to 2021.

Inflation expectations are detaching from reality, meaning markets might be overplaying the rise in U.S. Treasury yields, says Carl Weinberg, chief economist at High Frequency Economics.

Aided by government stimulus checks, consumers are expected to have boosted their spending in January, and the trend is likely to continue.

Bullard told CNBC that there aren't clear signs of excesses, though he conceded that stocks are "highly valued on the whole."

Harker faced a question posed repeatedly to Fed officials in recent days over whether its easy monetary policy could stoke price pressures.

The federal budget deficit is projected at $2.3 trillion in the 2021 fiscal year, a drop from last year but well ahead of anything the U.S. has ever seen.

News claims for jobless benefits totaled 793,000 last week, higher than the Dow Jones estimate of 760,000 and a decline from the previous week’s 812,000.

Biden's initial rating is 18 points higher than Trump's was.

Addressing the jobs issue will require a "patiently accommodative monetary policy that embraces the lessons of the past."

Investors are waiting for inflation to pick up, but the CPI should show just a slight gain in January, boosted by rising gasoline prices.

Total openings increased to 6.65 million in December, better than the 6.6 million estimate from FactSet.

Mortgage delinquencies have dropped to the lowest level since the start of the pandemic, but the numbers don't appear to be improving much anymore.

The U.S. could return to full employment in 2022 if President Biden's Covid stimulus package is passed, Treasury Secretary Janet Yellen said Sunday.