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 officials plan to shrink the balance sheet by $95 billion a month, meeting minutes indicate
The Federal Reserve on Wednesday released minutes from its March 15-16 policy meeting.
Fed’s Bullard says interest rate policy is ‘behind the curve,’ but it’s making progress
The Fed needs to raise rates substantially to control inflation but may not be as "behind the curve" as it appears, St. Louis Fed President...
Weekly jobless claims fell to 166,000 last week, the lowest level since 1968
Initial filings for unemployment dropped to 166,000, well below the Dow Jones estimate of 200,000 and 5,000 below the previous week's total
Here’s how the Fed raising interest rates can help get inflation lower, and why it could fail
The view that higher rates help stamp out inflation is essentially an article of faith, based on long-held economic gospel. But how does it really...
As inflation bites and America’s mood darkens, higher-income consumers are cutting back, too
The top income bracket spends the most among American consumers, but its strength amid inflation may be overstated, according to a new CNBC survey.
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.
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...
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.