US Economy

President-elect Joe Biden’s housing agenda is focused on affordability. Changes to mortgage lending and home construction will be key.

After setting more than a dozen record lows last year, mortgage rates began 2021 on an upward climb. That lit a fire under borrowers hoping to refinance.

Long-dormant inflation could rebound more quickly than anticipated, Kansas City Fed President Esther George said Tuesday.

Job openings decreased in November, with the biggest hit coming to the battered hospitality industry as the Covid pandemic surges.

Rates could rise sooner than forecast as the economy recovers more quickly than expected from Covid-19, Bostic said Monday

The Fed is buying at least $120 billion a month, split between a minimum $80 billion in Treasurys and $40 billion in mortgage-backed securities.

U.S. employers shed jobs last month for the first time since April, cutting 140,000 positions, clear evidence that the economy is faltering as the viral pandemic tightens its grip on consumers and businesses

Asian shares are mostly higher on hopes for additional economic stimulus after the U.S. Congress confirmed Joe Biden as the winner of the presidential election

After a strong surge in home sales over the past six months, suddenly consumers are concerned about the overall health of the housing market.

Currency in circulation soared last year at a rate unseen since World War II, providing what historically has been a good sign for the economy.

“It’s a very dark and difficult winter, but there is light at the end of the tunnel,” Gita Gopinath, the IMF’s chief economist, told CNBC.

The Fed enters 2021 with a fresh challenge on its plate, namely whether its commitment to higher inflation will poison markets.

Home prices are rising across the nation, but the usual geographical trends are being turned on their heads by the coronavirus pandemic.

The S&P 500 and the Dow Jones Industrial Average ended 2020 at more record highs Thursday, closing out one of the most tumultuous years in recent memory.

Bond market traders and Wall Street experts have been signaling rising inflation from its current dormant levels.

“In a way, 2021, if things do open early in the year, it’s an embarrassment of riches There’s an awful lot of content, and that’s true on a global basis,” Imax CEO Richard Gelfond said.

Shipments processed at the Port of Los Angeles were up 22% in November as American consumers bought more goods online, Executive Director Gene Seroka said.

CNBC contributor Ben White explains how Congress could override a veto from President Trump on the Covid stimulus bill.

Cryptocurrency companies are willing to accept regulations, but in a way that protects innovation, not fights it, Galaxy Digital founder Michael Novogratz said.

Congress passed a Covid relief bill that offers a temporary $300 boost in weekly unemployment benefits. Its relative impact will vary by state.