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   NEWS: CNBC ECONOMY
CNBC Economy
Jul 26, 2024

Fed's key inflation gauge rose 2.5% in June from a year ago, easing path to rate cut
The PCE price index was expected to increase 0.1% in June and 2.5% from a year ago.

CNBC Economy
Jul 26, 2024

Fed's key inflation gauge rose 2.5% in June from a year ago, in line with expectations
The PCE price index was expected to increase 0.1% in June and 2.5% from a year ago.

CNBC Economy
Jul 25, 2024

U.S. economy grew at a 2.8% pace in the second quarter, much more than expected
Gross domestic product in the second quarter was expected to show a 2.1% annualized increase.

CNBC Economy
Jul 24, 2024

Why an indicator that has foretold almost every recession doesn't seem to be working anymore
The situation has many on Wall Street scratching their heads about why the inverted curve has been so wrong this time

CNBC Economy
Jul 17, 2024

Wealth in Turkey grew the most in the world at 157% despite soaring inflation, according to ranking
For Turks who own assets like homes, wealth has grown as inflation pushes the costs of those assets up.

CNBC Economy
Jul 17, 2024

UK inflation holds steady at Bank of England's 2% target, above expectations
The Office for National Statistics released inflation figures for June on Wednesday.

CNBC Economy
Jul 16, 2024

Trump says he would let Fed Chair Powell finish his term if he wins in November, Bloomberg reports
Former President Donald Trump told Bloomberg Businessweek that he would let Fed chief Jerome Powell complete his term if he wins in November.

CNBC Economy
Jul 16, 2024

IMF sees ‘bumps' in path to lower inflation
Stubborn services and wage inflation will slow the pace of disinflation in the U.S. and globally, according to the IMF.

CNBC Economy
Jul 16, 2024

IMF upgrades UK growth forecast in another boost to new Labour government
The upgrades come after two years of stagnation, with the U.K. falling into a shallow recession in the second half of 2023.

CNBC Economy
Jul 15, 2024

Powell indicates Fed won't wait until inflation is down to 2% before cutting rates
Monday was Powell's first public speaking appearance since the consumer price index report for June showed cooling inflation.

CNBC Economy
Jul 15, 2024

Watch Fed Chair Jerome Powell's remarks on interest rate policy and the economy
These will be Powell's first remarks since the June CPI report showed inflation cooling.

CNBC Economy
Jul 15, 2024

With odds of a Trump win rising, here's what it could mean for Europe's economy
The euro area's economy, including the zone's gross domestic product, could be impacted if Donald Trump were to be re-elected, according to Goldman Sachs.

CNBC Economy
Jul 13, 2024

The housing market, explained in 6 charts
This data helps show why the housing market feels so different than it did just a few years ago.

CNBC Economy
Jul 13, 2024

With high prices and mortgage rates, aspiring and current homeowners feel ‘stuck'
Affordability has plummeted since the early days of the pandemic, data shows.

CNBC Economy
Jul 12, 2024

Wholesale prices rose 0.2% in June, slightly hotter than expected
The PPI is a gauge of prices that producers can get for their goods and services in the open market.

CNBC Economy
Jul 12, 2024

'Why would you tinker with it if it's not broken?': Economist on why the Fed may not cut rates in September
There are risks to easing monetary policy that cast a cloud over the rate cut outlook, High Frequency Economics' Carl Weinberg told CNBC.

CNBC Economy
Jul 11, 2024

Inflation falls 0.1% in June from prior month, helping case for lower rates
Credit union members are aging, and young people tend to see these institutions less favorably than their elders do. Here are six strategies for bringing in younger members to weather the years ahead.

CNBC Economy
Jul 11, 2024

UK economy returns to growth in May, beating expectations as British pound hits four-month high
UK gross domestic product figures for May were published Thursday.

CNBC Economy
Jul 10, 2024

Key inflation report looms on Thursday as traders grow more confident in Fed rate cut
The June consumer price index will be released Thursday, with traders eyeing September for the Federal Reserve's first rate cut.

CNBC Economy
Jul 09, 2024

Fed Chair Powell says holding rates high for too long could jeopardize economic growth
Setting the stage for a two-day appearance on Capitol Hill, the central bank leader said the economy remains strong as does the labor market.

CNBC Economy
Jul 05, 2024

Jobless rates rise in June for white, Black and Hispanic women but fall for men in the three racial groups
The unemployment rates rose for white, Black and Hispanic women but fell for their male counterparts.

CNBC Economy
Jul 05, 2024

Here's where the jobs are for June — in one chart
Health care and government were two key areas of job growth, while employment in manufacturing shrank.

CNBC Economy
Jul 05, 2024

U.S. economy added 206,000 jobs in June, unemployment rate rises to 4.1%
Nonfarm payrolls were expected to increase by 200,000 in June, according to economists surveyed by Dow Jones.

CNBC Economy
Jul 04, 2024

Friday's jobs report expected to show slowing payroll gains as concern rises about broader economy
Economists surveyed by Dow Jones expect June to show growth of 200,000, down from the 272,000 reported for May.

CNBC Economy
Jul 03, 2024

Private payrolls grew by just 150,000 in June, less than expected
Companies added 150,000 jobs for the month, below the upwardly revised 157,000 in May and the Dow Jones consensus estimate for 160,000.

CNBC Economy
Jul 02, 2024

Powell says Fed has made 'quite a bit of progress' on inflation but needs more confidence before cutting
"We've made quite a bit of progress and in bringing inflation back down to our target," Powell said at a central banking forum in Sintra, Portugal.

CNBC Economy
Jul 02, 2024

Watch Fed Chair Powell, ECB's Lagarde speak live at central bank policy forum
Federal Reserve Chairman Jerome Powell joins a panel including his global counterparts Tuesday at a European Central Bank forum.

CNBC Economy
Jul 02, 2024

Euro zone inflation eases to 2.5% as core print misses estimate
Economists polled by Reuters expected the headline rate to come in at 2.5%.

CNBC Economy
Jul 01, 2024

A new index is using AI tools to measure U.S. economic growth in a broader way
The Zeta Economic Index, launched Monday, uses generative artificial intelligence to analyze what its developers call "trillions of behavioral signals."

CNBC Economy
Jun 28, 2024

Financial crimes watchdog removes Turkey from money laundering 'gray list'
The FATF had previously found Turkish sectors like banking and property vulnerable to illicit financing of groups like the Islamic State and al-Qaeda.

CNBC Economy
Jun 28, 2024

Western clothing craze sends sales of denim dresses and skirts soaring, Levi Strauss says
The 171-year-old jeans maker said sales of denim skirts, pantsuits and dresses are double last year's rate.

CNBC Economy
Jun 28, 2024

Key Fed measure shows inflation rose 2.6% in May from a year ago, as expected
The core personal consumption expenditures price index was expected to increase 0.1% in May and 2.6% from a year ago.

CNBC Economy
Jun 27, 2024

There's a big Fed inflation reading coming Friday. Here's what to expect
There could be some pretty good inflation news on the way from the Commerce Department when it releases a key economic report Friday.

CNBC Economy
Jun 26, 2024

Trade feuds aside, Chinese firms are committed to the U.S. market, survey shows
A survey of Chinese enterprises in the U.S. has found that a majority remain bullish on the market long-term despite concerns about U.S.-China relations.

CNBC Economy
Jun 25, 2024

Fed Governor Bowman says she's still open to raising rates if inflation doesn't improve
Federal Reserve Governor Michelle Bowman said Tuesday the time is not right yet to start lowering interest rates.

CNBC Economy
Jun 20, 2024

Bank of England keeps rates at 5.25% in 'finely balanced' decision; traders lift bets for August cut
The central bank's key interest rate is at a 16-year high of 5.25%, where it has stood since August 2023.

CNBC Economy
Jun 20, 2024

IMF chief says Europe looks like 'an ideas supermarket' for the U.S., calls for further integration
The head of the International Monetary Fund on Thursday called on Europe to achieve the full potential of the single market.

CNBC Economy
Jun 20, 2024

Bank of England holds rates in 'finely balanced' decision; traders up bets on August cut
It keeps the central bank's key rate at a 16-year high of 5.25%, where it has been held since August 2023.

CNBC Economy
Jun 20, 2024

Switzerland makes second interest rate cut as major economies diverge on monetary policy easing
The Swiss National Bank trimmed its key interest rate by 25 basis points to 1.25% in its second cut of the year.

CNBC Economy
Jun 19, 2024

These groups help people of color and the LGBTQ community find a ‘radically inclusive space' in the outdoors
Nonprofits such as Hoods to Woods, Edge Outdoors and Unlikely Riders are dedicated to creating communities in the outdoors for marginalized people.

CNBC Economy
Jun 19, 2024

UK inflation falls to Bank of England's 2% target ahead of elections
The Office for National Statistics released inflation figures for May on Wednesday.

CNBC Economy
Jun 18, 2024

The Fed is 'playing with fire' by not cutting rates, says creator of 'Sahm Rule' recession indicator
As the jobless level has ticked up in recent months, the "Sahm Rule" has generated increasing talk on Wall Street.

CNBC Economy
Jun 18, 2024

May retail sales rise 0.1%, weaker than expected
Retail sales were expected to rise 0.2% in May, according to the Dow Jones consensus estimate.

CNBC Economy
Jun 14, 2024

Bank of Japan set to reduce JGB purchases, stands pat on interest rate
The BOJ said it will collect views from market participants on the reduction of Japanese government bond buying and present a detailed plan in the next meeting.

CNBC Economy
Jun 13, 2024

Treasury Secretary Yellen says U.S. debt load is in 'reasonable place' if it remains at this level
Treasury Secretary Janet Yellen on Thursday said the swelling national debt is manageable.

CNBC Economy
Jun 13, 2024

Wholesale prices unexpectedly fell 0.2% in May
The producer price index was expected to show a 0.1% increase in May, according to economists surveyed by Dow Jones.

CNBC Economy
Jun 12, 2024

Inflation slows in May, with consumer prices up 3.3% from a year ago
The consumer price index was expected to increase 0.1% on a month basis and 3.4% from a year ago.

CNBC Economy
Jun 12, 2024

Consumer prices unchanged in May and up 3.3% from a year ago
The consumer price index was expected to increase 0.1% on a month basis and 3.4% from a year ago.

CNBC Economy
Jun 12, 2024

UK GDP flatlines as PM Sunak pins election campaign on economy
Economists polled by Reuters had expected growth to flatten, after the economy expanded by 0.4% in March.

CNBC Economy
Jun 11, 2024

Fed meeting and inflation report both hit Wednesday, and the impact could be huge
A one-two punch starts in the morning with the pivotal consumer price index reading for May, ending with the Fed's policy meeting in the afternoon

CNBC Economy
Jun 11, 2024

Baltimore key shipping channel fully reopens after Francis Scott Key Bridge collapse
The main shipping channel into the Baltimore port was fully restored for commercial transit, after the March 26 collapse of the Francis Scott Key Bridge.

CNBC Economy
Jun 07, 2024

Market backs off on hopes for interest rate cuts following strong jobs report
The data at the very least adds to the narrative that the Fed doesn't have to be in a rush to lower interest rates.

CNBC Economy
Jun 07, 2024

Jobless rates rise in May for all racial groups except white Americans
The unemployment rate for white Americans held steady from April to May but rose for all other demographic groups last month.

CNBC Economy
Jun 07, 2024

Here's where the jobs are for May 2024 — in one chart
Job growth in May came out surprisingly strong, pushing back on lingering fears of a broader economic slowdown.

CNBC Economy
Jun 07, 2024

Cut off from the West, Putin says almost 40% of Russian trade turnover is now in rubles
Speaking at the St. Petersburg International Economic Forum (SPIEF), Putin said countries "friendly to Russia" were the ones that deserved special attention.

CNBC Economy
Jun 07, 2024

U.S. adds a much-better-than-expected 272,000 jobs in May, but unemployment rate edges up to 4%
Nonfarm payrolls were expected to increase by 190,000 in May, according to economists surveyed by Dow Jones.

CNBC Economy
Jun 07, 2024

War, what war? Putin looks to woo new business partners willing to overlook its invasion of Ukraine
The days of scores of Western business leaders and heads of state attending the St. Petersburg International Economic Forum are long gone.

CNBC Economy
Jun 06, 2024

Here's what to expect from Friday's big jobs report
Economists surveyed by Dow Jones expect the Bureau of Labor Statistics to report that the U.S. economy added 190,000 more jobs on the month.

CNBC Economy
Jun 06, 2024

Young job seekers are finding it tougher to find employment, despite a bustling labor market: 'It was brutal'
Worries are growing that the labor market is beginning to show cracks, particularly for younger aspirants.

CNBC Economy
Jun 06, 2024

The low-end consumer 'is really being stretched,' says Five Below CEO
U.S. consumers may still be feeling the effects of inflation for quite some time, according to Five Below CEO Joel Anderson.

CNBC Economy
Jun 05, 2024

Private payrolls growth slows to 152,000 in May, much less than expected, ADP says
Private job creation slowed more than expected in May, signaling further slowing in the labor market.

CNBC Economy
Jun 05, 2024

Dubai Mall, one of the world's largest, is getting even bigger with a $400 million expansion
The sprawling shopping complex is already home to 1,200 stores, 200 food and beverage outlets, an aquarium, a skating rink, and indoor amusement parks.

CNBC Economy
Jun 04, 2024

Job openings fell again in April, hitting lowest level since February 2021 in a sign of labor market weakening
Job openings fell more than forecast in April, signaling a potential weakening in the labor market.

CNBC Economy
Jun 03, 2024

Turkey's inflation passes 75% in what economists believe is peak
Inflation in Turkey topped 75% in May in what economists expect to be the peak before prices start to ease.

CNBC Economy
Jun 02, 2024

OPEC wants concrete rate cuts before factoring impact on oil demand, Saudi energy minister says
Expectations have mounted over the timeframe and number of rate cuts likely to be carried out by global central banks.

CNBC Economy
May 31, 2024

The Fed's preferred inflation measure rose 0.2% in April, as expected
The personal consumption expenditures price index for April was expected to show an inflation rate of 2.7% over the past 12 months.

CNBC Economy
May 31, 2024

Euro zone inflation rises to 2.6% in May, but bloc still seen heading for interest rate cut
The European Central Bank is widely expected to cut interest rates next week.

CNBC Economy
May 30, 2024

Fed's favorite inflation gauge is expected to show very slow progress on Friday
The Commerce Department's measure of personal consumption expenditures prices is expected to show inflation in April running at a 2.7% annual rate.

CNBC Economy
May 29, 2024

Global debt has grown to $315 trillion this year — here's how we got here
The world is mired in $315 trillion of debt, according to a report from the Institute of International Finance.

CNBC Economy
May 25, 2024

The Fed probably won't be delivering any interest rate cuts this summer
Investors likely will have to sweat out a summer during which it looks increasingly unlikely that the Federal Reserve will be cutting interest rates.

CNBC Economy
May 24, 2024

British retail sales plunge 2.3% in April, missing estimates
U.K. retail sales volumes dropped 2.3% in April as wet weather deterred shoppers, the Office for National Statistics said Friday.

CNBC Economy
May 23, 2024

Auto insurance rates are jumping the most since the 1970s, but there could be relief soon
Soaring auto insurance costs have been a principle driver behind inflation over the past year, but there could be relief on the way.

CNBC Economy
May 23, 2024

JPMorgan CEO Jamie Dimon says can't rule out 'hard landing' for the U.S., stagflation will be 'worst outcome'
Dimon said the worst outcome for the U.S. economy will be a "stagflation" scenario, where inflation continues to rise, but growth slows amid high unemployment.

CNBC Economy
May 23, 2024

JPMorgan CEO Jamie Dimon says U.S. could see a 'hard landing,' stagflation will be 'worst outcome'
Dimon said the worst outcome for the U.S. economy will be a "stagflation" scenario, where inflation continues to rise, but growth slows amid high unemployment.

CNBC Economy
May 22, 2024

Fed officials seem like they have ‘no idea' what is going on with U.S. inflation, strategist says
Federal Reserve officials appear to have "no idea" what is happening when it comes to the inflation picture in the U.S., GAM's Julian Howard told CNBC.

CNBC Economy
May 22, 2024

UK inflation comes in hotter than expected, slashing June rate cut bets
The Office for National Statistics released inflation figures for April on Wednesday.

CNBC Economy
May 21, 2024

Britain's inflation rate could be about to drop below the Bank of England's 2% target
The headline inflation rate could be 'momentous,' but markets remain divided on the chance of a June cut and services will be the one to watch.

CNBC Economy
May 19, 2024

Soaring debt and deficits causing worry about threats to the economy and markets
Government debt that has swelled nearly 50% is capturing increasing worry both on Wall Street and in Washington.

CNBC Economy
May 18, 2024

Some consumers are punting big purchases like pools and mattresses
There are some signs that shoppers are holding off on big-ticket buys, the latest signal of the economy contracting at the hands of tighter monetary policy.

CNBC Economy
May 16, 2024

Markets underestimate geopolitical risk as raft of elections looms, ECB's De Guindos says
The European Central Bank's Financial Stability Report said that interest rate expectations have created the "potential for outsized market reactions."

CNBC Economy
May 15, 2024

CPI report shows inflation easing in April, with consumer prices still rising 3.4% from a year ago
The consumer price index was expected to increase 3.4% from a year ago, according to the Dow Jones consensus estimate.

CNBC Economy
May 15, 2024

Europe must avoid ‘disaster' of trade decoupling as it eyes China tariffs, EU's economics chief says
"As far as Europe is concerned we need a more mature attitude in our trade," EU economics head Paolo Gentiloni told CNBC.

CNBC Economy
May 15, 2024

Inflation eases in April with consumer prices rising 3.4% from a year ago
The consumer price index was expected to increase 3.4% from a year ago, according to the Dow Jones consensus estimate.

CNBC Economy
May 14, 2024

Here's everything to expect from Wednesday's key report on inflation
The Labor Department's Bureau of Labor Statistics will provide the consumer price index data Wednesday at 8:30 a.m. ET.

CNBC Economy
May 14, 2024

Wholesale prices rose 0.5% in April, more than expected
The producer price index was expected to increase 0.3% in April, according to the Dow Jones consensus estimate.

CNBC Economy
May 13, 2024

Inflation outlook rises, fueled by expected increases for housing costs, New York Fed survey shows
On a one-year basis, the expectation increased to 3.3%, up 0.3 percentage point from March and the highest since November 2023.

CNBC Economy
May 10, 2024

Behind America's divided economy: Booming luxury travel and a jump in 'relief' loans
Consumers are acting vastly different depending on income level.

CNBC Economy
May 10, 2024

Consumer sentiment tumbles as inflation fears surge
The University of Michigan Survey of Consumers posted a reading of 67.4 for May, down from 77.2 in April.

CNBC Economy
May 10, 2024

Consumer sentiment tumbles as inflation fears surge, closely watched survey shows
The University of Michigan Survey of Consumers posted a reading of 67.4 for May, down from 77.2 in April.

CNBC Economy
May 10, 2024

Traders reassess Bank of England rate cuts as UK grows at fastest rate in nearly 3 years
A slew of commentary from the Bank of England and a better-than-expected economic growth number have left traders and investors scrambling to refine their bets.

CNBC Economy
May 10, 2024

UK economy emerges from recession with 0.6% growth in first quarter
The U.K. economy has emerged from recession as gross domestic product rose 0.6% in the first quarter, beating expectations.

CNBC Economy
May 10, 2024

The U.S. is now Germany's biggest trading partner — taking over from China
After years of China being Germany's main trading partner, the U.S. quietly overtook that spot in the first quarter of the year, data calculations show.

CNBC Economy
May 09, 2024

Weekly jobless claims jump to 231,000, the highest since August
Topic: Going GreenTransportationTags: forbes Some cities want to discourage big, heavy vehicles. But could making them more available for short use actually result in fewer of them on the road?

Read more at Forbes.com in Paris Votes To Discourage SUVs, But Would Easier Renting Help?



CNBC Economy
May 07, 2024

Stanley Druckenmiller gives Biden's economic policies an 'F,' blames the Fed for reigniting inflation
He called "Bidenomics" a failure and said consumers are paying the price in terms of higher inflation.

CNBC Economy
May 07, 2024

Stanley Druckenmiller gives Biden's economic policies an 'F', blames the Fed for reigniting inflation
He called "Bidenomics" a failure and said consumers are paying the price in terms of higher inflation.

CNBC Economy
May 06, 2024

Renters' hopes of being able to buy a home have fallen to a record low, New York Fed survey shows
The share of renters who believe that they one day will be able to afford a home, fell to a record low 13.4%.

CNBC Economy
May 03, 2024

Immigrant workers are helping boost the U.S. labor market
The government predicts that the influx of immigrant workers will grow gross domestic product over the next decade by $7 trillion.

CNBC Economy
May 03, 2024

Jobless rates rise in April for all racial groups except Black Americans
The unemployment rate for Black Americans slid in April, bucking the trend in other demographic groups.

CNBC Economy
May 03, 2024

U.S. job growth totaled 175,000 in April, much less than expected, while unemployment rose to 3.9%
Nonfarm payrolls were expected to increase by 240,000 in April while the unemployment rate held at 3.8%, according to economists surveyed by Dow Jones.

CNBC Economy
May 03, 2024

Turkey's inflation accelerates to nearly 70% in April
Turkey's inflation accelerated to 69.8% annually for the month of April, the Turkish Statistical Institute reported Friday.

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