CNBC Economy

Sales of previously owned homes in November rose 1.9% from October to 6.46 million units, according to the National Association of Realtors' seasonally adjusted count.

West Virginia Sen. Joe Manchin said on Sunday that he would not support the $1.75 trillion plan.

The debt ceiling increase signed by President Biden is expected to allow the country to pay its bills into 2023.

Former U.S. Treasurer Rosie Rios says the fundamentals of the U.S. economy look good heading into 2022, even with the uncertainty around the pandemic.

Initial filings for unemployment insurance totaled 206,000, above the 195,000 Dow Jones estimate and a gain of 18,000 from the previous week.

A mini refinance boom ended quickly after mortgage rates resumed their climb.

The Federal Reserve is expected to announce a dramatic policy shift Wednesday that will clear the way for a first interest rate hike next year.

Surprisingly strong housing demand, even in the usually slower season for housing, has homebuilders feeling increasingly confident.

The Fed will double the pace of the taper to $30 billion at its December meeting.

The Labor Department's producer price index was expected to rise 9.2% in November from a year ago, according to FactSet.

Calling inflation "transitory" was a historically bad move for the Federal Reserve, according to Allianz chief economic advisor Mohamed El-Erian.

Inflation is pushing up costs for housing, transportation and food, the largest expense categories for the average consumer.

Inflation accelerated at its fastest pace since 1982 in November, the Labor Department said Friday.

Wall Street expects the the CPI to reflect a 0.7% gain for the month, which would translate into a 6.7% increase from a year ago

The Fed is expected to say it will double the pace of its bond purchase taper, while also likely hinting at more aggressive rate hikes in 2022.

Initial filings for unemployment insurance totaled 184,000 for the week ended Dec. 4, the lowest going back to Sept. 6, 1969.

Job quitters declined by 4.7%, falling to 4.16 million from 4.36 million, according to the JOLTS report.

But inflation is now the top issue of concern in the country, the CNBC All-America Economic survey shows.

Labor productivity fell at the fastest rate in more than 60 years in the third quarter, according to a Labor Department report Tuesday.

Congress and the Fed will have more impact on what happens than the pandemic, Goldman Sachs CEO David Solomon said.