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Economy
Hopes for more Fed rate cuts dim as Powell notes hot CPI means ‘we’re not quite there
Cartons of eggs are displayed at a grocery store with a warning that limits will be placed on purchases as bird flu continues to affect the egg industry on Feb. 10, 2025 in New York City. Spencer Platt | Getty ImagesA Federal Reserve…
Consumer price report Wednesday expected to show inflation isn’t going away
Cartons of eggs are displayed at a grocery store with a warning that limits will be placed on purchases as bird flu continues to affect the egg industry on Feb. 10, 2025 in New York City.Spencer Platt | Getty ImagesThe January consumer…
Trump’s steel tariffs could trigger broader trade war as EU threatens ‘proportionate
Ursula von der Leyen (CDU, r), President of the European Commission, stands in the plenary chamber of the European Parliament.Philipp von Ditfurth | Picture Alliance | Getty ImagesThe European Union plans to retaliate against the United…
Asian economies scramble to appease Trump as the U.S. president ratchets up tariff
PORTSMOUTH, UNITED KINGDOM - OCTOBER 28: The container ship Vung Tau Express sails loaded with shipping containers close to the English coast on October 28, 2024 in Portsmouth, England. Matt Cardy | Getty Images News | Getty ImagesAs…
Bessent says Trump is focused on the 10-year Treasury yield and won’t push the Fed to cut
U.S. Secretary of the Treasury Scott Bessent speaks, at the White House, in Washington, U.S. February 3, 2025. Elizabeth Frantz | ReutersThe Trump administration is more focused on keeping Treasury yields low rather than on what the…
Bank of England’s Bailey says UK can’t avoid U.S. tariff impact — even if it’s not…
Even if the U.K. is not the "direct recipient" of potential tariffs imposed by the U.S., "it will have an effect," Bank of England Governor Andrew Bailey said Thursday.If tariffs are announced, their effect on the global economic growth…
Here’s where the jobs are for January 2025 — in one chart
Health care was a bright spot once again for the U.S. economy in January, even as overall job growth showed signs of slowing.Data on job growth in different areas of the economy from the Bureau of Labor Statistics showed health care and…
Minneapolis Fed’s Kashkari expects lower interest rates later this year
Minneapolis Federal Reserve President Neel Kashkari said Friday he expects to see interest rates lower this year if the economic data continues to move in the same direction.In a CNBC interview, the central bank official expressed…
Unemployment spiked for Black men in January as more joined the labor force
Jobseekers talk to recruiters during the New York Public Library's annual Bronx Job Fair & Expo at the Bronx Library Center in the Bronx borough of New York, US, on Friday, Sept. 6, 2024.Yuki Iwamura | Bloomberg | Getty…
Consumer inflation fears spike in February as tariff worries hit sentiment
People shop at a Whole Foods store on Feb. 3, 2025 in New York City.Michael M. Santiago | Getty ImagesConsumers grew dramatically more worried about near-term inflation as President Donald Trump pushed aggressive tariffs against major…