Inflation is confined to certain sectors and will not pose a threat to the recovery, according to Carl Weinberg, chief economist at High Frequency Economics.
Mortgage rates moved higher again last week, causing a drop in refinance demand.
First-time claims for unemployment insurance were expected to total 260,000 for the week ended Nov. 13.
Long-term market bull Jeremy Siegel warns the Federal Reserve will likely take a more aggressive approach to fighting inflation within weeks.
Biden's decision to nominate Lael Brainard is thought to be the work of progressives, who say she'll put emphasis on climate change and equitability.
President Joe Biden made the announcement Monday morning following weeks of speculation that Fed Governor Lael Brainard could get the spot.
Home sales rose in October compared with September, as a larger share of investors moved into the market.
Cathie Wood took to Twitter to expound on deflation after Dorsey tweeted "Hyperinflation is going to change everything. It's happening."
Rosenberg Research’s David Rosenberg believes runaway inflation warnings are exaggerated and deflation will eventually grip the U.S. economy.