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...
Most people want to forget this part of the 1970s.But inflation is back, and investor Peter Boockvar predicts it will be the most prevalent in decades."Monetary policy ... is powerless at the moment in its ability to stimulate economic...
Inflation has warmed this spring and is expected to hit historic levels in May.The consensus forecast for the core consumer price index, which excludes food and energy, is 3.5% yoy, according to the Dow Jones. That is the...
US dollars are counted by a bank in Westminster, Colorado.Rick Wilking | ReutersU.S. household net worth rose to new heights in early 2021 and the effects of the Covid-19 pandemic began to wear off.Thanks largely to a surge...
May consumer prices accelerated at the fastest pace in nearly 13 years as inflationary pressures continued to mount in the US economy, the Labor Department reported Thursday.The consumer price index, which is a basket of food, energy, groceries, housing...
The CMA CGM Marco Polo, an Explorer-class container ship, passes under the Verrazzano-Narrows Bridge to enter New York Harbor as seen from Brooklyn, New York, USA on May 20, 2021.Brendan McDermid | ReutersAmerican demand for imports eased in...
A real estate agent and prospective homebuyer in Coral Gables, Florida.Getty ImagesMortgage rates fell slightly last week, but not enough to fuel mortgage demand.According to the Mortgage Bankers Association seasonally adjusted index, the total volume of mortgage applications fell...
The number of job openings rose to a record 9.3 million in April as the economy quickly recovered from its pandemic lows.The standard set in April was well above the 8.3 million in March, which itself was a new...
Federal Reserve Chairman Jerome Powell listens during a Senate Banking Committee hearing on "The Quarterly CARES Act Report to Congress" on Capitol Hill in Washington, United States, on Dec. 1, 2020.Susan Walsh | ReutersThe Federal Reserve is in...
Before Memorial Day near the boardwalk in Wildwood, New Jersey, a Help Wanted sign is displayed outside a store.Spencer Platt | Getty Images News | Getty ImagesThe weaker-than-expected job report from April fueled speculation about a labor...

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