CNBC Economy

The Fed does not expect to see inflation to pick up for years, and it is willing to keep rates at zero even after it does.

The Fed left rates unchanged in its last meeting before the 2020 presidential election in November. It also indicated rates were unlikely to rise until at least 2023. Three experts weigh in on what the Fed decision means.

Yelp on Wednesday released its latest Economic Impact Report, revealing business closures across the U.S. are increasing as a result of the coronavirus.

The Federal Reserve kept its pledge to keep interest rates anchored near zero and promised to keep rates there until inflation rises consistently.

The Fed is unlikely to take any policy actions Wednesday, but it is expected to say it will keep its dovish policies in place for years.

U.S. consumer spending appeared to slow in August as extended unemployment benefits were cut for millions of Americans.

With no major move in mortgage rates, there was no sudden incentive to refinance a home loan last week, so fewer people did.

Going forward, the OECD expects the global economy to grow by 5% in 2021.

The Federal Open Market Committee will provide its quarterly update on where it sees GDP, unemployment and inflation heading.

The Fed will likely keep interest rates at near zero until February 2023, according to latest CNBC Fed Survey.

U.S. import prices increased more than expected in August and gains in the prior month were revised sharply higher, supporting views that inflation pressures were building up.

More than one-third of the American workforce freelance amid the Covid-19 pandemic, contributing $1.2 trillion to the U.S. economy, a study by Upwork revealed Tuesday.

U.S. consumer prices increased solidly in August, but labor market slack is likely to keep a lid on inflation as the economy recovers from the Covid-19 recession.

Goldman economists said third quarter GDP growth is tracking at 35%, driven in large part by the surprising strength of consumer spending.

On the budget deficit, he said the federal government's spending imbalance is "getting out of hand."

First-time filings for unemployment claims had been expected to total 850,000 last week, according to economists surveyed by Dow Jones.

U.S. producer prices rose a bit more than expected in August as the cost of services increased solidly, while underlying producer inflation continued to firm.

Job openings rose 10% in July to a pandemic high though the rate of hiring saw a sharp slump, according to a Labor Department report Wednesday.

The official unemployment rate fell to 8.4% in August. But the true jobless figure is likely much higher, perhaps remaining at a level higher than any other period since the Great Depression, according to economists.

Worries of a K-shaped recovery are growing in the alphabet-obsessed economics profession. That would entail continued growth, but split sharply between industries and economic groups.