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Economy
Core inflation in February hits 2.8%, higher than expected; spending increases 0.4%
The Federal Reserve's key inflation measure rose more than expected in February while consumer spending also posted a smaller-than-projected increase, the Commerce Department reported Friday.The core personal consumption expenditures…
Consumer sentiment worsens as inflation fears grow, University of Michigan survey shows
A shopper pays with a credit card at the farmer's market in San Francisco on March 27, 2025.Bloomberg | Bloomberg | Getty ImagesThe deterioration in consumer sentiment was even worse than anticipated in March as worries over inflation…
Trump’s tariffs are making the ECB’s interest rate path ‘more complicated,’…
U.S. President Donald Trump's tariff policies are making the path ahead for European Central Bank interest rates "more complicated," according to Pierre Wunsch, member of the ECB's Governing Council."We were going in the right direction.…
#RecessionIndicator: Young Americans are losing confidence in the economy — and it shows
For economists, harbingers of a recession can include a slowdown in consumer spending and rising unemployment.For the chronically online, indicators can range from the perceived fall of fake eyelashes to more commercials for online…
Trump’s tariffs push will hit the U.S. harder than Europe in the short term, Santander
The White House's protectionist policies could hit the U.S. harder than Europe in the short term, Banco Santander's executive chair told CNBC on Thursday, as tariffs take a toll on domestic consumers."Tariffs a tax. It's a tax on the…
British businesses pile on the pressure on UK Financial Minister Reeves ahead of budget
Rachel Reeves, UK chancellor of the exchequer, outside 11 Downing Street ahead of presenting her budget to parliament in London, UK, on Wednesday, Oct. 30, 2024. Bloomberg | Bloomberg | Getty ImagesHome improvement retailer Kingfisher…
Former Treasury Secretary Janet Yellen to join global advisory board for bond giant Pimco
Treasury Secretary Janet Yellen speaking with CNBC's Sara Eisen (not shown) at the U.S Treasury Department on Jan. 8, 2024.CNBCFormer Treasury Secretary Janet Yellen will be joining an advisory board for bond giant Pimco, CNBC has…
Treasury Department is set to lay off a ‘substantial’ number of employees, official says
People take pictures of the U.S. Treasury Department building in Washington, D.C., on Feb. 6, 2025.Mandel Ngan | AFP | Getty ImagesThe Treasury Department is planning to furlough a "substantial" level of its workforce in conjunction with…
Consumer confidence in where the economy is headed hits 12-year low
Shoppers walk near a Nordstrom store at the Westfield UTC shopping center on Jan. 31, 2025 in San Diego, California.Kevin Carter | Getty ImagesConsumer confidence dimmed further in March as the view of future conditions fell to the…
Investors’ optimism is growing around the UK economy as U.S.-EU trade disputes mount
LONDON — Some investors are expressing a growing optimism about the U.K.'s economic outlook despite the country's long-standing structural weaknesses, as its neighbors in the European Union deepen their trade dispute with the United…