Yellen warns that war in Ukraine will have ‘enormous’ global economic impact
Treasury Secretary Janet Yellen cautioned Wednesday that Russia's attack on Ukraine could cause a major hit to the global economy.
Fed’s Brainard sees balance sheet reduction soon and ‘at a rapid pace’
Brainard said policy tightening will include a speedy reduction in the balance sheet and a steady pace of interest rate increases.
Here’s what consumers plan to cut back on if prices continue to surge
People plan to trim spending on food, driving and vacations to keep up with inflation, according to CNBC + Acorns Invest in You survey.
81% of U.S. adults are worried about a recession hitting this year, survey finds
More than 80% of adults think the U.S. economy is likely to experience a recession in 2022, according to the CNBC + Acorns Invest in...
Inflation fears force Americans to rethink financial choices, CNBC and Acorns survey says
Americans are more financially stressed than a year ago, with 48% thinking about higher prices all the time, a CNBC + Acorns Invest in You...
Dimon says confluence of inflation, Ukraine war may ‘dramatically increase risks ahead’ for U.S.
Jamie Dimon's annual letter to JPMorgan shareholders, read widely in business circles, took a more downcast tone from his missive just last year.
Mortgage refinance demand plunges 60%, as rates hit their highest level since 2018
A sharp increase in mortgage rates causes a plunge in refinance demand.
There are now a record 5 million more job openings than unemployed people in the U.S.
There were 11.27 million openings in the month, which left a record 5 million more openings than available workers.
Fed’s Patrick Harker says he thinks the U.S. can avoid a recession, even amid troubling signs
Philadelphia Federal Reserve President Patrick Harker said Tuesday that he doesn't think the U.S. is heading for recession.