CNBC Economy

A key inflation measure showed that prices rose at their fastest level in nearly 39 years, the Commerce Department reported Friday.

Weekly jobless claims came in slightly less than expected last week and economic growth to end 2021 was slightly better than originally reported.

Fed officials won't be able to trade stocks and bonds — as well as cryptocurrencies — under new rules that became formal Friday.

While there are reasons to confirm Biden's Fed nominees, economists say concern that the central bank won't act to rein in inflation shouldn't be among them.

Sales of existing homes jumped far more than expected, even as supply hit another record low and prices rose significantly.

St. Louis Fed President James Bullard cautioned that without action on interest rates, inflation could become an even more serious problem.

Production delays for homebuilders are increasing costs and pricing out buyers. All that is weighing on builder sentiment.

Rising mortgage rates are crushing refinance demand, and higher home prices are causing purchase loan sizes to grow.

Bank of America's relationships with U.S. households, small businesses and corporations give Moynihan a unique view into the health of the economy.

Retail sales for the month rose 3.8% in January, much better than the 2.1% Dow Jones estimate.

A Republican boycott Tuesday held up a Senate committee vote on the appointment of a top banking regulator and Federal Reserve Chairman Jerome Powell.

More small business owners say they need to raise prices and don't expect inflation to decline, a signal that higher prices have overtaken Main Street.

St. Louis Fed President James Bullard made his case for a rapid move higher in rates, saying that the central bank needs to react to inflation.

The Federal Reserve should be measured in its path to raise interest rates, San Francisco Fed President Mary Daly said Sunday.

Atlanta Fed President Raphael Bostic told CNBC on Thursday after the inflation report, "My views have not changed."

Biden touted wages and forecasts for weaker price growth even after the consumer inflation report showed prices are rising at their fastest clip in 40 years.

Workers have seen their hourly pay jump at about the fastest clip in 15 years. But high annual inflation has eaten into those raises.

Many Americans are worried about rising prices and paying bills, a survey from eMoney Advisor finds. The results show over a third are not investing at all.

The Biden administration misread the rising threat of inflation for a variety of reasons, according to several economists and current and former officials.

The consumer price index was expected to increase 7.2% from a year ago, according to a Dow Jones economist survey.