Financial News Network

The rapid growth the U.S. economy has seen is about to hit a wall

The U.S. economy is expected to post another roaring growth spurt in the second quarter, before a slow and steady dose of reality starts to sink in.

Read more: https://www.cnbc.com/2021/07/23/the-rapid-growth-the-us-economy-has-seen-is-about-to-hit-a-wall.html

Treasury Secretary Yellen warned her department will start "extraordinary measures" on Aug. 2 if lawmakers don't raise the debt ceiling.

Read more: https://www.cnbc.com/2021/07/23/yellen-urges-congress-to-raise-debt-limit-by-aug-2-or-treasury-will-take-extraordinary-measures-to-prevent-default.html

After four straight months of declines, sales of previously owned homes rose 1.4% in June month to month.

Read more: https://www.cnbc.com/2021/07/22/sales-of-existing-homes-rise-slightly-as-more-listings-finally-hit-the-market.html

Weekly jobless claims totaled 419,000 for the week ended July 17, above the 350,000 estimate.

Read more: https://www.cnbc.com/2021/07/22/us-weekly-jobless-claims.html

A volatile environment for government bonds is reflecting a highly uncertain future for the U.S. economy.

Read more: https://www.cnbc.com/2021/07/21/the-bond-market-is-torn-over-the-potential-for-higher-inflation-and-lower-growth.html

Building permits, an indicator of future construction, fell more than expected to the lowest since August.

Read more: https://www.cnbc.com/2021/07/20/builders-pull-back-as-more-homebuyers-are-priced-out-of-the-market.html

The Covid-19 recession is in the books as the shortest in U.S. history, the National Bureau of Economic Research said Monday.

Read more: https://www.cnbc.com/2021/07/19/its-official-the-covid-recession-lasted-just-two-months-the-shortest-in-us-history.html

Treasury Secretary Janet Yellen expects inflation run to ease, though she cautioned that prices could continue to rise over the next several months.

Read more: https://www.cnbc.com/2021/07/15/yellen-sees-several-more-months-of-rapid-inflation-worries-about-impact-on-home-buyers.html

Federal Reserve Chairman Jerome Powell appears Thursday before the Senate Banking Committee.

Read more: https://www.cnbc.com/2021/07/15/watch-fed-chair-powell-speak-live-to-senate-banking-panel-on-the-economy-and-policy.html