<![CDATA[CNBC - Economy]]> Follow CNBC - Economy, filter it, and define how you want to receive the news (via Email, RSS, Telegram, WhatsApp etc.) https://follow.it/cnbc-d-economy Mon, 24 Jan 2022 12:18:30 +0200 <![CDATA[Inflation surge could push the Fed into more than four rate hikes this year, Goldman Sachs says]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovkM_zYlGZzyISlmFkX7M1Jw Goldman economist David Mericle said the omicron spread is aggravating price increases and could push the Fed into a faster pace of rate hikes.]]> Sun, 23 Jan 2022 20:10:56 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovkM_zYlGZzyISlmFkX7M1Jw <![CDATA[Fed releases long-awaited study on a digital dollar but doesn't take a position yet on creating one]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovm91F0fChPHTOzdsCmHakzH The Fed released its exploration of a digital dollar, exploring the pros and cons of the much-debated issue and soliciting public comment.]]> Fri, 21 Jan 2022 02:04:32 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovm91F0fChPHTOzdsCmHakzH <![CDATA[Jobless claims jump to 286,000, the highest level since October]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovm91F0fChPHTF1cWWor9YPv Initial filings totaled 286,000, well above the estimate of 225,000 and a substantial gain from the previous week's 231,000.]]> Thu, 20 Jan 2022 17:58:17 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovm91F0fChPHTF1cWWor9YPv <![CDATA[The Fed is about to see a lot of new faces. What it means for banks, the economy and markets]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovm91F0fChPHTClmFkX7M1Jw In what likely will just a few months' time, the Federal Reserve will look a lot different.]]> Mon, 17 Jan 2022 02:49:06 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovm91F0fChPHTClmFkX7M1Jw <![CDATA[Retail sales dropped 1.9% in December as higher prices caused consumers to curb spending]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovm91F0fChPHTJVjH6qdYdAk The advance monthly sales report to close out the year showed a decline of 1.9%, considerably worse than the Dow Jones estimate for just a 0.1% drop.]]> Fri, 14 Jan 2022 20:18:56 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovm91F0fChPHTJVjH6qdYdAk <![CDATA[Fed's Harker calls for 'action on inflation,' sees 3 or 4 rate hikes likely this year]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovn5fyimjzubRV1cWWor9YPv Philadelphia Federal Reserve President Patrick Harker said he foresees three or four interest rate hikes this year as likely to fight inflation.]]> Fri, 14 Jan 2022 02:03:58 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovn5fyimjzubRV1cWWor9YPv <![CDATA[Wholesale prices jump nearly 10% in 2021, another sign of growing inflation]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovn5fyimjzubRXn9ye8UNv30 The producer price index was expected to rise 0.4% in December. Jobless claims were forecast to total 200,000.]]> Thu, 13 Jan 2022 17:47:41 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovn5fyimjzubRXn9ye8UNv30 <![CDATA[Inflation rises 7% over the past year, highest since 1982]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovlTPtyqNW0cVilmFkX7M1Jw The consumer price index for December 2021 was expected to increase 7% from a year ago, according to economists surveyed by Dow Jones.]]> Wed, 12 Jan 2022 15:52:32 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovlTPtyqNW0cVilmFkX7M1Jw <![CDATA[Fear of even higher mortgage rates may be heating up winter homebuying]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovnhHdRWYA9pKnn9ye8UNv30 Rates have started this year sharply higher, and that may have potential buyers rushing in more quickly, afraid that rates will go even higher.]]> Wed, 12 Jan 2022 14:00:01 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovnhHdRWYA9pKnn9ye8UNv30 <![CDATA[Empty grocery shelves return as sick employees, supply chain delays collide]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovlCld1n2H1VL8b1naedg1wr Shares of major grocers fell on Tuesday, after Albertsons said omicron has compounded out-of-stocks.]]> Tue, 11 Jan 2022 21:24:51 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovlCld1n2H1VL8b1naedg1wr <![CDATA[Fed Chair Powell says rate hikes, tighter policy will be needed to control inflation]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovm-J7iHloPE0ZVjH6qdYdAk Federal Reserve Chairman Jerome Powell declared Tuesday that the economy is both healthy enough and in need of tighter monetary policy.]]> Tue, 11 Jan 2022 20:57:26 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovm-J7iHloPE0ZVjH6qdYdAk <![CDATA[Watch Fed Chair Jerome Powell testify live at his Senate confirmation hearing]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovlC8pcKv_TFusb1naedg1wr Federal Reserve Chairman Jerome Powell testifies Tuesday before the Senate Banking Committee as part of his confirmation process.]]> Tue, 11 Jan 2022 17:07:23 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovlC8pcKv_TFusb1naedg1wr <![CDATA[Jamie Dimon sees the best economic growth in decades, more than 4 Fed rate hikes this year]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovnUVoEepz43w-T5HJgy6HUf Jamie Dimon sees the best economic growth in decades, more than 4 Fed rate hikes this year]]> Mon, 10 Jan 2022 21:03:57 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovnUVoEepz43w-T5HJgy6HUf <![CDATA[Goldman predicts the Fed will hike rates four times this year, more than previously expected]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovlLCIchMiHdo-zdsCmHakzH High inflation and near-full employment will push the Fed to raise rates more quickly than expected, according to Goldman Sachs.]]> Mon, 10 Jan 2022 16:32:31 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovlLCIchMiHdo-zdsCmHakzH <![CDATA[Hiring falters in December as payrolls rise only 199,000, though the unemployment rate fell to 3.9%]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovlPVCZnL5QhaezdsCmHakzH Nonfarm payrolls were expected to increase by 422,000 in December, according to economists surveyed by Dow Jones.]]> Fri, 07 Jan 2022 19:49:20 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovlPVCZnL5QhaezdsCmHakzH <![CDATA[Here's where the jobs landed — in one chart]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovlPVCZnL5Qhacb1naedg1wr The leisure and hospitality sector led hiring in December as restaurants added wait staff, cooks and bartenders ahead of the holidays.]]> Fri, 07 Jan 2022 19:03:16 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovlPVCZnL5Qhacb1naedg1wr <![CDATA[A record 4.5 million workers quit their jobs in November]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovkWuBFvYKAe3SejEQ2Mq9rY Workers quit their jobs in record numbers in November while the total openings pulled back a bit, the Labor Department reported Tuesday.]]> Tue, 04 Jan 2022 17:28:28 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovkWuBFvYKAe3SejEQ2Mq9rY <![CDATA[November home sales rose due to hot job market and concerns over rising rates next year]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovkb5SV8JXXGvXn9ye8UNv30 Sales of previously owned homes in November rose 1.9% from October to 6.46 million units, according to the National Association of Realtors' seasonally adjusted count.]]> Wed, 22 Dec 2021 17:00:10 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovkb5SV8JXXGvXn9ye8UNv30 <![CDATA[Mortgage rates fall to a four-week low, but homebuyers still pull back due to record low listings]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovkIO03Rsy0FlHn9ye8UNv30 Mortgage rates fell to a four-week low, but the tight supply of homes for sale, as well as high prices, caused a drop in loan demand from homebuyers.]]> Wed, 22 Dec 2021 15:21:42 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovkIO03Rsy0FlHn9ye8UNv30 <![CDATA[Goldman cuts GDP forecast after Sen. Manchin says he won't support Biden's 'Build Back Better' plan]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovkg4O7M9XXVNqCY3L745TL_ West Virginia Sen. Joe Manchin said on Sunday that he would not support the $1.75 trillion bill.]]> Mon, 20 Dec 2021 13:41:04 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovkg4O7M9XXVNqCY3L745TL_