CNBC Economy

The Fed is expected to say it will double the pace of its bond purchase taper, while also likely hinting at more aggressive rate hikes in 2022.

Initial filings for unemployment insurance totaled 184,000 for the week ended Dec. 4, the lowest going back to Sept. 6, 1969.

Job quitters declined by 4.7%, falling to 4.16 million from 4.36 million, according to the JOLTS report.

But inflation is now the top issue of concern in the country, the CNBC All-America Economic survey shows.

Labor productivity fell at the fastest rate in more than 60 years in the third quarter, according to a Labor Department report Tuesday.

Congress and the Fed will have more impact on what happens than the pandemic, Goldman Sachs CEO David Solomon said.

Nonfarm payrolls were expected to increase by 573,000 in November, according to economists surveyed by Dow Jones.

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.

Labor Department revisions from the first estimate to the third and final release have added nearly 1 million jobs to the initial releases this year.

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.

Claims for unemployment benefits are trending downward. A seasonal adjustment likely made the most recent data appear rosier than reality.

Home prices are still higher than a year ago, but the gains are now decelerating for the first time since the pandemic began.

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.