Initial jobless claims rose unexpectedly last week despite a continued recovery in the US labor market, the Labor Department reported Thursday.Initial unemployment insurance enrollment for the week ending June 12 totaled 412,000 compared to 375,000 in the previous week....
The Federal Reserve on Wednesday significantly raised its inflation expectations for this year and brought forward the timeframe for the next rate hike.However, the central bank gave no indication of when it will cut its aggressive bond-buying program, though...
LONDON - Vaccine policies will surpass all other economic policies this year as the world tries to recover from the coronavirus crisis, International Monetary Fund chief Kristalina Georgieva said at CNBC's Global Evolve Summit on Wednesday."Vaccine policy this year,...
Robin Azougi 1st R, a licensed real estate seller with Douglas Elliman Real Estate, speaks to prospective buyers at a home for sale in Floral Park, Nassau County, New York on September 6, 2020.Wang Ying | Xinhua News...
The Federal Reserve is unlikely to take any policy action after its two-day meeting this week, but it will likely signal that it is considering it.Some economists expect the Fed to announce an impending tapering of its bond-buying program...
Home owner sentiment fell to its lowest level since August in June as construction costs drove up new home prices, sidelined buyers and made it difficult for some builders to obtain credit.The National Association of Home Builders / Wells...
Producer prices rose faster in May in nearly 11 years as inflation continued to build in the US economy, the Department of Labor reported Tuesday.The 6.6% increase was the largest increase in the final demand index in the past...
Brian Moynihan, CEO of Bank of America, encouraged the Federal Reserve to ease its ultra-light monetary policy and said Monday that the urgency for the pandemic-induced response is easing.A day before the central bank's monetary policy meeting began in...
American consumers are spending more freely as the economy opens up further, Bank of America CEO Brian Moynihan said Monday. The volume of transactions on customers' credit and debit cards as well as via the cell payment network has...
The Federal Reserve is risking its credibility by keeping its policies so loose and allowing inflation to grow in ways that may not be temporary, billionaire hedge fund manager Paul Tudor Jones told CNBC on Monday.This week could be...

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