A woman carries Nike shopping bags in the Citadel Outlet mall while the global coronavirus disease (COVID-19) outbreak continues in Commerce, California on December 3, 2020.Lucy Nicholson | ReutersGovernment stimulus controls are likely to have boosted spending in...
James Bullard, president of the US Federal Reserve in St. Louis, said Tuesday he saw no bubble in asset prices and doubted the central bank would have to start tightening policy anytime soon.Given the surge in stock markets and...
Patrick Harker, president of the US Federal Reserve in Philadelphia, said Thursday the central bank needn't worry about inflation getting in the way anytime soon.In a CNBC interview in the past few days, Harker repeatedly asked Fed officials whether...
The federal budget deficit is projected to be $ 2.3 trillion in fiscal 2021, a year-over-year decline but far above what the U.S. had seen prior to the Covid-19 pandemic, the Congressional Budget Office reported Thursday.That total excludes the...
Federal Reserve Chairman Jerome Powell on Wednesday painted a boring picture of the state of US employment, stating that continued aggressive political support is required to resolve the myriad of problems workers still face.Solving the problem requires "patiently accommodative...
President Joe Biden is on the best of the President's honeymoon, dating back to at least 1993 when Bill Clinton was born.An online special edition of the CNBC All-America Economic Survey that focuses on the Biden agenda finds its...
Initial unemployment insurance claims last week totaled 793,000 as declining Covid-19 cases barely relieved the job market.The total for the week ending February 6 was above the forecast of 760,000 forecast by economists polled by Dow Jones, but a...
Investors are waiting for inflation to pick up, but the consumer price index is likely to rise only slightly in January, fueled by rising gasoline prices.According to the Dow Jones, economists expect the index to rise by 0.3%, a...
A protester at a rally to cancel rents and mortgages June 30 in Minneapolis.Brandon Bell | Getty ImagesMortgage defaults fell to their lowest level since the coronavirus pandemic began in November, though the number is still well above...
A recruitment sign is posted outside a Target store on February 5, 2021 in San Rafael, California.Justin Sullivan | Getty ImagesEmployers hired a little more jobs late last year, but hiring fell as the 2020 job market ended...

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