Updated: 33 min 43 sec ago
The epic housing shortage that began before the pandemic and then was exacerbated by it may finally be starting to ease up. More supply is hitting the market.
First-time claims for unemployment insurance were expected to total 390,000 for the week ended June 26.
As Americans resume pre-Covid activity and the Biden administration seeks even more stimulus, the president's policies may be his own biggest economic threat.
Wharton found that Biden's infrastructure plan would cut the U.S. debt and slightly increase GDP.
Weekly mortgage demand fell to the lowest level in almost a year and a half, as home prices sideline more buyers.
Home prices in April saw an annual gain of 14.6%, up from a 13.3% increase in March, the S&P CoreLogic Case-Shiller National Home Price Index says.
Fed officials are underestimating inflation and risking another recession, Mohamed El-Erian told CNBC on Monday.
What's bad news for consumers has been good news for policymakers as well as investors when it comes to inflation.
A key inflation indicator that the Federal Reserve uses to set policy rose 3.4% in May, the fastest increase since the early 1990s.
First-time claims for unemployment insurance were expected to total 380,000 for the week ended June 19.
Delaware's $9.25 minimum wage would increase to $15 by 2025 once the governor signs a new law.
Fed Chair Jerome Powell continued to attribute most of the recent inflation surge to factors closely tied to the economic reopening.
Sales of existing homes dropped for the fourth straight month due to a very low supply of homes on the market.
Powell said in testimony prepared for delivery to Congress on Tuesday that the economy is growing but faces continued threats from the pandemic.
St. Louis Federal Reserve President James Bullard told CNBC that he sees an initial interest rate increase happening in 2022 as inflation picks up.
Mortgage rates moved decidedly higher after Federal Reserve Chairman Jerome Powell moved up his timeline for raising rates and tapering asset purchases.
First-time claims for unemployment insurance were expected to total 360,000, according to economists surveyed by Dow Jones.
However, the central bank gave no indication as to when it will begin cutting back on its aggressive bond-buying program.
Every quarter, members of the FOMC forecast where interest rates will go in the short, medium and long term.
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policy-making meeting on April 28.