There are signs that price growth could be cooling off in the otherwise red-hot housing market.
U.S. consumer confidence rose in October after three straight declines as the public's anxiety about the delta variant of the coronavirus appear to have abated.
Sales of new U.S. single-family homes surged to a six-month high in September, but higher prices are making it less affordable for some first-time buyers.
Climbing mortgage interest rates caused another drop in mortgage demand for both refinances and home purchases.
First-time filings for unemployment insurance totaled 290,000 for the week ended Oct. 16, down 6,000 from the previous period.
Billionaire investor Jeffrey Gundlach said inflation likely will remain elevated through 2021 and stay above 4% through at least 2022.
Twitter founder Jack Dorsey weighed in on escalating inflation in the U.S., saying things are going to get considerably worse.
Billionaire hedge fund manager Paul Tudor Jones believes inflation is here to stay, posing a major threat to the markets and the economy.
A substantial portion of investors expect the U.S. Federal Reserve and the European Central Bank to keep monetary policy slightly too loose for too long, according to a Deutsche Bank survey.