Federal Reserve officials said at their April meeting that a strong recovery in economic activity would warrant discussions about tightening monetary policy, according to minutes of the meeting released on Wednesday."A number of participants suggested that it might be...
New waves of Covid-19 cases in key manufacturing hubs in Asia could hit global supply chains - and this could cause inflation to rise faster in the US, a business adviser said on Wednesday.Japan, South Korea, Taiwan and Vietnam...
A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York attend an open house in West Hempstead, New York on April 18, 2021.Raychel Brightman | Newsday LLC | Newsday |...
Treasury Secretary Janet Yellen speaks during a daily press conference in the James Brady Press Briefing Room of the White House on May 7th in Washington, DC.Alex Wong | Getty ImagesTreasury Secretary Janet Yellen on Tuesday called on...
Raphael Bostic, president of the US Federal Reserve in Atlanta, told CNBC on Monday that he was satisfied with the ultra-loose policy of the central bank even as inflation picked up in the economy."We still have 8 million jobs...
Contractors are working on single family homes under construction in the Cadence Park development of the Great Park Neighborhoods in Irvine, California on Wednesday, April 14, 2021.Bing Guan | Bloomberg | Getty ImagesStrong demand from buyers keeps...
A worker on an auto assembly line in Smyrna, Tennessee.Luke Sharrett / Bloomberg / Getty ImagesConcentrating price pressures in a handful of categories means markets shouldn't be concerned about inflation after Wednesday's US surprise, economists told CNBC.The U.S. consumer...
Traders watch a screen show the press conference held by Federal Reserve Chairman Jerome Powell on the floor of the New York Stock Exchange (NYSE) in New York, United States, following the announcement of Federal Reserve interest rates on...
Wall Street pioneer Thomas Peterffy told CNBC on Wednesday that he was concerned about the prospect of damaging inflation in the US, based on his personal experiences as a youth in Hungary after World War II.The founder and chairman...
A woman wears a face mask while shopping for a baby shower gift during the Covid-19 pandemic at Madison's niche boutique in Huntington, New York on April 21, 2021.Alejandra Villa Loarca | Newsday | Getty ImagesThere's probably...

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