Fed Chair Powell notes ‘highly uncertain’ Ukraine impact, but says rate hikes are still coming
Fed Chairman Jerome Powell still sees rate hikes coming but noted that the Russia-Ukraine war has injected uncertainty into the outlook.
Companies added 475,000 jobs in February, better than expected, ADP says
Companies added 475,000 positions for the month, better than the Dow Jones estimate for 400,000.
Jobless claims total 232,000, slightly less than expected; Q4 GDP revised up to 7%
Weekly jobless claims came in slightly less than expected last week and economic growth to end 2021 was slightly better than originally reported.
Fed’s favorite inflation gauge up 5.2% for biggest annual gain since 1983
A key inflation measure showed that prices rose at their fastest level in nearly 39 years, the Commerce Department reported Friday.
Fed approves rules banning its officials from trading stocks, bonds and also cryptocurrencies
Fed officials won't be able to trade stocks and bonds — as well as cryptocurrencies — under new rules that became formal Friday.
The Fed is going to hike rates regardless if Biden’s nominees are confirmed, economists say
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...
January home sales jump 6.7% despite a record low supply
Sales of existing homes jumped far more than expected, even as supply hit another record low and prices rose significantly.
Fed’s Bullard says inflation ‘could get out of control,’ so action is needed now
St. Louis Fed President James Bullard cautioned that without action on interest rates, inflation could become an even more serious problem.
Homebuilders’ confidence falls as they wait months for cabinets, garage doors and appliances
Production delays for homebuilders are increasing costs and pricing out buyers. All that is weighing on builder sentiment.