Updated: 23 min 28 sec ago
Warden's comments come on the heels of a jobs report that shows the U.S. economy created far fewer jobs than expected in November.
Nonfarm payrolls were expected to increase by 573,000 in November, according to economists surveyed by Dow Jones.
Job growth was expected to have been strong in November, and employers continued to boost wages to attract workers in an incredibly tight labor market.
Initial claims for unemployment insurance were expected to total 240,000 for the week ended Nov. 27, according to economists surveyed by Dow Jones.
Strong consumer demand sparked a wave of CEO optimism about the economy over the next six months, the Business Roundtable said.
Mortgage rates rose last week but turned around quickly on news of the omicron variant and comments by the chairman of the Federal Reserve.
Private payrolls increased by 534,000 for the month, better than the Dow Jones estimate of 506,000 in a labor market that appears to be getting tighter.
Home prices are still higher than a year ago, but the gains are now decelerating for the first time since the pandemic began.
Claims for unemployment benefits are trending downward. A seasonal adjustment likely made the most recent data appear rosier than reality.
Eliminating tariffs imposed on goods during the U.S.-China trade war would help ease inflation in the U.S., former U.S. Treasury Secretary Jacob Lew said.
Fed Chair Jerome Powell believes that the omicron variant of Covid-19 and a recent rise in coronavirus cases pose a threat to the U.S. economy.
President Joe Biden hosted the CEOs of several major retailers at the White House to discuss efforts to tackle global supply chain bottlenecks and inflation.
Signed contracts on existing homes, so-called pending sales, jumped 7.5% from September, according to the National Association of Realtors.
Trying to find a historical parallel to the current run – and, thus, perhaps a way out – isn't easy.
Inflation has blossomed into a chief concern for the White House, which has ramped up efforts to remedy supply-chain interruptions.
Expect more tough talk from the Federal Reserve as it may weigh winding down its bond program sooner than expected.
Minutes from the November Fed meeting show members concerned about inflation and willing to raise interest rates should it continue to run hot.
Many of the ingredients that go into holiday pies have been hit by floods, fires and drought, causing shortages and pushing prices higher.
Prices for core personal consumption expenditures increased 4.1% from a year ago, the highest since January 1991.
Initial claims for unemployment insurance were expected to total 260,000 for the week ended Nov. 20.