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James Bullard, president of Federal Reserve Bank of St. Louis, at the Jackson Hole economic symposium, in Moran, Wyoming, U.S., on Thursday, Aug. 22, 2019.David Paul Morris | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.U.S. stocks are cowed by a persistently hot economy — and hawkish rhetoric from the Fed.What…

Grace Cary | Moment | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.U.S. inflation is starting to bite again. But stocks mostly shrugged it off.What you need to know todayJanuary's U.S. consumer price index rose 0.5%, higher than the 0.4% forecast by economists. On a year-over-year basis, prices increased 6.4%, compared with…

U.S. egg prices jumped by two to three times in January.Fatih Aktas | Anadolu Agency | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.U.S. inflation is starting to bite again. But stocks mostly shrugged it off.What you need to know todayJanuary's U.S. consumer price index rose 0.5%, higher than the 0.4% forecast by economists.…

CNBC's Jim Cramer on Thursday said that investors shouldn't expect the Federal Reserve to go easy on the economy because the market is suffering."Investors have to learn that the Fed is not your friend, it's not your pal — if anything, it's your enemy, at least until Jay Powell finally beats inflation," he said.Stocks fell on Thursday after fresh data showed November retail sales fell more than expected.Also dragging the market down were hawkish comments from the Federal Reserve on Wednesday. Powell signaled at the…

It's no secret that it's a tough market for prospective home buyers.In October, U.S. buyers needed to earn $107,281 to afford the median monthly mortgage payment of $2,682 for a "typical home," Redfin reported this week. That's 45.6% higher than the $73,668 yearly income needed to cover the median mortgage payment 12 months ago, the report finds.The primary reason is rising mortgage interest rates, said Melissa Cohn, regional vice president at William Raveis Mortgage. "The bottom line is mortgage rates have more than…

Hoxton/Sam Edwards | Getty ImagesBond yields jumped this week after another major rate hike from the Federal Reserve, flashing a warning for market distress.The policy-sensitive 2-year Treasury yield on Friday climbed to 4.266%, notching a 15-year high, and the benchmark 10-year Treasury reached 3.829%, the highest in 11 years.Soaring yields come as the markets weigh the effects of the Fed's policy decisions, with the Dow dropping nearly 600 points into bear market territory, tumbling to a fresh low for 2022. The yield…

Morsa Images | E+ | Getty ImagesAs investors digest another 0.75 percentage point interest rate hike by the Federal Reserve, government bonds may be signaling distress in the markets.Ahead of news from the Fed, the policy-sensitive 2-year Treasury yield climbed to 4.006% on Wednesday, the highest level since October 2007, and the benchmark 10-year Treasury reached 3.561% after hitting an 11-year high this week.related investing newsThese ETFs could help protect your portfolio as the Fed pushes rates higherWhen…

Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, July 27, 2022.Elizabeth Frantz | ReutersThe Federal Reserve's decision to raise interest rates by 0.75%, or 75 basis points, for the third-consecutive time at the Federal Open Market Committee meeting, is a step being taken to cool the economy and bring down inflation, but it is also putting small business owners across the country in a lending fix they have…

From rising inflation to a red-hot job market and the negative gross domestic product in between, economists are divided on the health of the U.S. economy."There has been a lot of talk recently that we're in a recession. We have two quarters of declining GDP that often happens with the recession. ... But we have job growth that is incredibly strong. We have an unemployment rate that is a 50-year low," Claudia Sahm, founder of Sahm Consulting and a former Federal Reserve Board economist, told CNBC.A top concern for…

The Good Brigade | DigitalVision | Getty ImagesHere's how portfolio allocations have shifted"We're attempting to address both inflation and recession concerns," said certified financial planner John Middleton, owner of Brighton Financial Planning in Flemington, New Jersey. For stock allocations, he likes companies paying a high dividend, and value stocks, which typically trade for less than the asset is worth, with a tilt to infrastructure, energy, real estate and consumer staples.And the fixed-income side of the…