U.S. GDP fell at a 1.4% pace to start the year as pandemic recovery takes a hit
Gross domestic product unexpectedly declined 1.4% in the first quarter, an abrupt reversal for an economy coming off its best performance since 1984.
Surging prices force consumers to ask: Can I live without it?
Consumer spending habits are starting to shift as inflation rises and people emerge from the pandemic.
Fed’s Mester casts doubt on the need for ‘shock’ interest rate hikes ahead
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.
Powell says taming inflation ‘absolutely essential,’ and a 50 basis point hike possible for May
Federal Reserve Chairman Jerome Powell on Thursday affirmed the central bank's determination to bring inflation down.
Watch Fed Chairman Jerome Powell speak live at IMF debate
Federal Reserve Chairman Jerome Powell speaks Thursday on a panel presented by the International Monetary Fund. CNBC's Sara Eisen will moderate the talk.
Weekly jobless claims total 184,000, just above expectations in tight labor market
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.
Fed’s Daly says the economy can handle rate hikes, but a mild recession is possible
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.
Fed’s Bostic expresses caution about the pace of interest rate hikes
Atlanta Fed President Raphael Bostic did not commit in a CNBC to interview to what pace the Fed should take in increasing benchmark rates.
Homebuilder sentiment drops for fourth straight month, as rising rates push housing to ‘an inflection point’
Sharply higher mortgage rates are causing homebuyers to pull back, and homebuilder sentiment dropped as a result.