CNBC Economy

Gross domestic product unexpectedly declined 1.4% in the first quarter, an abrupt reversal for an economy coming off its best performance since 1984.

Cleveland Fed President Loretta Mester said she's in favor of raising interest rates quickly, but not so quickly as to disrupt the economic recovery.

Federal Reserve Chairman Jerome Powell on Thursday affirmed the central bank's determination to bring inflation down.

Federal Reserve Chairman Jerome Powell speaks Thursday on a panel presented by the International Monetary Fund. CNBC's Sara Eisen will moderate the talk.

Initial jobless claims last week were a bit higher than expected but still reflective of a labor market where employers are loathe to fire workers.

San Francisco Fed President Mary Daly acknowledged that a series of rate hikes over the coming months could tip the economy into a shallow recession.

Atlanta Fed President Raphael Bostic did not commit in a CNBC to interview to what pace the Fed should take in increasing benchmark rates.

Sharply higher mortgage rates are causing homebuyers to pull back, and homebuilder sentiment dropped as a result.

Retail sales were expected to increase 0.6% in March, according to Dow Jones estimates.

Getting inflation under control will require raising interest rates at a faster pace than normal, Fed board member Christopher Waller said Wednesday.

The PPI, which measures the prices paid by wholesalers, increased 11.2% from a year ago, the most in a series going back to November 2010.

The consumer price index for March was expected to increase 8.4% from a year ago, according to Dow Jones estimates.

Consumer price inflation in March is expected to have risen the most since December 1981, driven by higher food costs, rising rents and runaway energy prices.

The Biden administration is bracing for the Labor Department's consumer price index report to show that inflation is "extraordinarily elevated."

Prices are rising at a dramatic rate in states including Georgia and Arizona, which will host two of 2022's most important midterm Senate races.

60% of people with a household income under $50,000 said they're under more financial stress now than they were a year ago: CNBC + Acorns Invest in You survey.

Worries are increasing over inflation, with new Federal Reserve data showing a record-high fear over surging prices.

The top income bracket spends the most among American consumers, but its strength amid inflation may be overstated, according to a new CNBC survey.

The view that higher rates help stamp out inflation is essentially an article of faith, based on long-held economic gospel. But how does it really work?

The Fed needs to raise rates substantially to control inflation but may not be as "behind the curve" as it appears, St. Louis Fed President James Bullard said.