Category: Economy

New home sales crush projections, but supply is dwindling

Exceptional demand for new and existing homes, brought on by the stay-at-home culture of the coronavirus pandemic, has the housing market severely depleted. Sales of...

The problem with the U.S. economy is there are too many poor people

A Kelly Center for Hunger Relief volunteer sorts through food for distribution as residents in vehicles wait in line at a church in El Paso, Texas, on July 17. Joel...

Fed’s Bullard says ‘biggest growth quarter of all time’ will lift inflation

James Bullard Olivia Michael | CNBC St. Louis Federal Reserve President James Bullard offered an optimistic look on the U.S. economy, with “off the charts”...

Used cars drive U.S. consumer prices higher in August

Joel Porro and Lizz Hernandez wear gloves and protective masks as they put bags in the trunk of their car after shopping at Walmart Supercenter as the coronavirus...

Why the real unemployment rate is likely over 11%

People wait in their cars as they line up to collect unemployment forms in Hialeah, Florida. CHANDAN KHANNA/AFP via Getty Images The official unemployment rate fell to...

Why the Fed’s new inflation policy could backfire

The Marriner S. Eccles Federal Reserve building stands in Washington, D.C., U.S., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg via Getty Images Certain...

Fed’s Patrick Harker says jobs recovery will be slow, inflation at 2.5% would be OK

Patrick T. Harker, president of the Federal Reserve Bank of Philadelphia Charles Mostoller | Bloomberg | Getty Images Philadelphia Federal Reserve President Patrick...

Ed Yardeni says economies are recovering ‘pretty well’ from coronavirus

A person wears a protective face mask while carrying grocery bags outside Trader Joe’s on August 11, 2020 in New York City. Noam Galai | Getty Images The worst of...

Fed faces ‘major challenge’ in making new inflation strategy official

The U.S. central bank will be faced with a delicate balancing act if it opts to embrace a more relaxed view on inflation, according to a former governor of the Federal...

Jobs report was better than expected, but market is focused on aid

A woman wearing a face mask walks past a sign in front of the US Department of Labor amid the coronavirus pandemic on April 29, 2020, in Washington, DC. Oliver Douliery...