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.
Yellen urges Congress to raise or suspend the debt limit by Aug. 2
Treasury Secretary Yellen warned her department will start "extraordinary measures" on Aug. 2 if lawmakers don't raise the debt ceiling.
Sales of existing homes rise slightly as more listings finally hit the market
After four straight months of declines, sales of previously owned homes rose 1.4% in June month to month.
U.S. jobless claims show surprise gain, well above expectations
Weekly jobless claims totaled 419,000 for the week ended July 17, above the 350,000 estimate.
The bond market is torn over the potential for higher inflation and lower growth
A volatile environment for government bonds is reflecting a highly uncertain future for the U.S. economy.
Builders pull back as more homebuyers are priced out of the market
Building permits, an indicator of future construction, fell more than expected to the lowest since August.
It's official: The Covid recession lasted just two months, the shortest in U.S. history
The Covid-19 recession is in the books as the shortest in U.S. history, the National Bureau of Economic Research said Monday.
Yellen sees 'several more months of rapid inflation' before easing, worries about housing impact
Treasury Secretary Janet Yellen expects inflation run to ease, though she cautioned that prices could continue to rise over the next several months.
Watch Fed Chair Powell speak live to Senate banking panel on the economy and policy
Federal Reserve Chairman Jerome Powell appears Thursday before the Senate Banking Committee.