Fed's Barkin backs tapering plans and expresses concern about inflation
Richmond Fed President Thomas Barkin said he's on board with reducing the amount of economic help the central bank is providing.
Retail sales unexpectedly rise in September as consumers keep spending
Consumers spent at a much faster pace than expected in September, defying expectations for a pullback amid pervasive supply chain problems.
Jobless claims fall below 300,000 for the first time since the pandemic began
Initial claims for unemployment insurance for the week ended Oct. 9 were expected to total 318,000.
Fed says it could begin 'gradual tapering process' by mid-November
The Federal Open Market Committee on Wednesday released minutes from its Sept. 21-22 policy meeting.
Consumer prices rise more than expected as energy costs surge
The consumer price index was expected to rise 0.3% in September and 5.3% on a year over year basis, according to economists surveyed by Dow Jones.
Weekly mortgage demand stalls, as rates jump to highest level since June
Mortgage rates continued their trudge higher last week, leaving most homeowners with little to no incentive to refinance.
A record 4.3 million workers quit their jobs in August, led by food and retail industries
Job openings declined sharply in August while hiring also fell and the level of workers quitting their jobs hit the highest level since at least late 2000.
Fed Governor Lael Brainard is in line for a key banking position. Here's what it could mean for Wall Street
Fed Governor Lael Brainard should figure prominently as President Joe Biden weighs who will chair the central bank and who will specifically supervise banks.
As mortgage rates shoot even higher, refinance demand plummets 10%
A sharp jump in mortgage interest rates over the past few weeks is taking its toll on mortgage demand.