Economy
Something strange has been happening with jobless claims numbers lately
April 19 2024
For five of the past six weeks, the level of initial jobless filings totaled exactly 212,000.
Risk of a global recession is minimal, IMF economist says — would take 'a lot to derail'
April 17 2024
The Washington DC-based institute this week nudged its global growth outlook slightly higher to 3.2% in 2024.
High company valuations a 'worry,' IMF's capital markets chief says
April 17 2024
High corporate valuations could pose a significant risk to financial stability as market optimism becomes untethered from fundamentals, the IMF said Tuesday.
UK inflation eases less than expected to 3.2% in March, sparking concerns of U.S.-style stickiness
April 17 2024
Economists polled by Reuters expected a reading of 3.1%, down from 3.4% in February.
IMF upgrades global growth forecast as economy proves 'surprisingly resilient' despite downside risks
April 16 2024
The IMF on Tuesday raised its global growth forecast slightly, saying the economy had proven "surprisingly resilient" despite inflationary pressures.
U.S. economy will see 'more things break' in 2025 if rates stay high, strategist says
April 16 2024
Altaf Kassam told CNBC that classic monetary policy mechanisms had "broken."
Retail sales jumped 0.7% in March, much higher than expected
April 15 2024
Retail sales increased 0.7% for the month, considerably faster than the Dow Jones consensus forecast for a 0.3% increase.
Surging inflation fears sent markets tumbling and Fed officials scrambling
April 13 2024
The early data is in for the path of inflation during the first three months of 2024, and the news so far is not good.
Beyoncé bounce: Western boot sales jump more than 20% week over week since 'Cowboy Carter' launch
April 12 2024
The iconic shoe is getting a lift from Beyoncé's latest album.
BlackRock's Larry Fink sees Fed cutting rates twice this year but missing 2% inflation goal
April 12 2024
The head of the world's largest money manager said it's unlikely the central bank will hit its 2% goal anytime soon.
Jamie Dimon warns that inflation, wars and Fed policy pose major threats ahead
April 12 2024
Taken together, Dimon said the three issues pose substantial unknowns.
UK economy posts 0.1% growth in February in further sign of recession rebound
April 12 2024
The U.K. economy fell into a recession last year but showed slight growth in January.
Wholesale prices rose 0.2% in March, less than expected
April 11 2024
The producer price index was expected to increase 0.3% in March, according to the Dow Jones consensus estimate.
European Central Bank gives strong signal that cuts are on the way despite Fed uncertainty
April 11 2024
The euro zone's central bank held interest rates steady for a fifth straight meeting.
Hot inflation data pushes market’s rate cut expectations to September
April 10 2024
March's consumer price index release Wednesday helped verify worries that inflation is proving stickier than thought.
WTO forecasts rebound in global trade but keeps geopolitical risks in focus
April 10 2024
The World Trade Organization said Wednesday that it expects global trade to rebound gradually this year before rising further in 2025 as the impacts of higher inflation fall into the rearview mirror.
Consumer prices rose 3.5% from a year ago in March, more than expected
April 10 2024
The consumer price index in March was expected to increase 3.4% from a year ago, according to the Dow Jones consensus estimate.
A crucial report Wednesday is expected to show little progress against inflation
April 10 2024
The March consumer price index is expected to register increases of 0.3% both for the all-items measure as well as core.
Small business optimism hits 11-year low as inflation fears won't go away
April 09 2024
The NFIB's survey showed a reading of 88.5, down nearly a point from February to the lowest since December 2012.
Americans converge on the path of totality to experience the solar eclipse
April 08 2024
Today marks a solar eclipse that is expected to cross the U.S. as millions of Americans try to position themselves to capture this celestial moment.
Fed caution may be justified if the labor market starts to deteriorate. Here's why that could happen
April 06 2024
March's robust job gains may push the Fed into a more cautious stance regarding potential rate cuts.
Unemployment rate among Black Americans jumped in March, contrasting overall trends
April 05 2024
Black workers saw their unemployment rate rise to 6.4% from February's rate of 5.6%. For Black women, this figure spiked to 5.6% from 4.4%.
Demand for french fries reflects resilient consumer as so-called fry attachment rate holds steady
April 05 2024
The "fry attachment rate" remains above historical levels, a positive sign for the economy.
Here's where the jobs are for March 2024 — in one chart
April 05 2024
Health care and government led hiring last month, while leisure and hospitality finally regained its pre-pandemic employment level.
Job growth zoomed in March as payrolls jumped by 303,000 and unemployment dropped to 3.8%
April 05 2024
Nonfarm payrolls were expected to increase by 200,000 in March and the unemployment rate was forecast to decrease to 3.8%.
Economist El-Erian says the Fed has turned into a play-by-play commentator
April 05 2024
The U.S. Federal Reserve has become too data dependent and has lost sight of its overall strategy, Mohamed El-Erian, chief economic advisor at Allianz, said Friday.
Job gains expected again in March. Here are all the things to look for in Friday's report
April 05 2024
The Labor Department's Bureau of Labor Statistics will release the report Friday at 8:30 a.m. ET.
Private payrolls increased by 184,000 in March, better than expected, ADP says
April 03 2024
Private sector job growth expanded in March at its fastest pace since July 2023, ADP reported Wednesday.
Euro zone inflation unexpectedly slows to 2.4% in March, with core print also below forecast
April 03 2024
Economists polled by Reuters expected the rate to hold steady on the prior month at 2.6%.
Turkey's inflation climbs to 68.5% despite continued rate hikes
April 03 2024
Turkey's annual inflation rose to 68.5% for the month of March, an increase on February's 67.1% inflation read, according to the Turkish Statistical Institute's report released Wednesday.