CNBC Economy

The president of Yardeni Research pointed to indicators like retail sales as well as new and existing home sales which have been "very strong."

Powell, who will speak Thursday during a virtual version of the Fed's annual Jackson Hole, Wyoming, conference, will outline what could be the central bank's most active efforts ever to spur inflation back to a healthy level.

As the RNC tries to showcase President Donald Trump's accomplishments, top economists sound off on the impact his economic policies have had so far.

There's a 1-in-4 chance the economy could fall into a double-dip recession, according to economists surveyed by NABE.

Sales of existing homes soared 24.7% in July from June, according to the National Association of Realtors. The median price of a home sold in July rose 8.5% annually to $304,100.

Today's lag in Black homeownership is a direct reflection of years of unfair policies and discrimination. In fact, the nearly 30-percentage-point gap between White and Black homeownership today is actually larger than it was before the Fair Housing Act was passed.

"If you want capitalism to be sustained, you need buy-in from a lot of people. You cannot get buy-in if it's all about large corporations," economist Mohamed El-Erian told CNBC on Thursday.

The number of people filing for unemployment benefits last week was greater than expected, raising concern about the state of the economy.

The Federal Reserve's policymaking body released minutes Wednesday of its July 28-29 meeting.

Speculation is increasing that the central bank could soon make an official commitment to ramp up inflation.

The retail giant got a bump in sales in the fiscal second quarter as customers rushed to stores to spend their stimulus checks.

U.S. homebuilding picked up for a third straight month in July in the latest sign the housing sector is emerging as one of the few areas of strength in an economy suffering a record slowdown because of the Covid-19 pandemic.

The Covid-19 pandemic era is setting new standards for what an economic downturn looks like.

Potential buyers flooded into model homes across the nation, and that has builders feeling better about their business than at any time over the past 20 years. But rising lumber prices could sap the market's momentum this fall.

Retail sales rose 1.2% for the month, against the expected increase of 2.3% from economists surveyed by Dow Jones. The news wasn't all a letdown, however: Excluding autos, the gain was 1.9%, ahead of the 1.2% estimate.

Retail sales rose to a record level in July, recovering what was lost in the pandemic, but the gains are at risk because of the failure of Congress to agree to a new fiscal stimulus package.

The Federal Reserve reported Friday that industrial production — including output at factories, mines and utilities — climbed 3% in July after surging 5.7% in June.

"To be effective, the lockdown has to be as comprehensive and strict as possible," Kashkari and Michael Osterholm wrote.

Many of the jobs were added in leisure and hospitality and retail, two areas that were hit hard by shutdowns, and there is concern they could lose ground again in partial shutdowns.

CNBC studied the net change in employment by industry for July based on data from the Labor Department.