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CNBC Economic News

Private payroll growth slowed to 106,000 in January as weather hit hiring, ADP says

13 hours 4 min ago
Companies added just 106,000 new workers for the month, down from an upwardly revised 253,000 the month before.

Important wage inflation measure for the Fed rose less than expected in Q4

Tue, 01/31/2023 - 06:11
The employment cost index increased 1% in the October-to-December period, the Labor Department reported Tuesday.

Euro zone economy posts surprise expansion in the fourth quarter, curbing recession fears

Tue, 01/31/2023 - 02:16
Euro zone narrowly avoided a contraction as energy prices provide some relief.

IMF hikes global growth forecast as inflation cools and household spending surprises

Mon, 01/30/2023 - 17:55
In its latest economic update, the institution said the global economy will grow 2.9% this year.

Key Fed inflation measure eased in December while consumer spending also declined

Fri, 01/27/2023 - 07:32
The personal consumption price index excluding food and energy for December increased 4.4% from a year ago.

U.S. GDP rose 2.9% in the fourth quarter, more than expected even as recession fears loom

Thu, 01/26/2023 - 07:07
Gross domestic product was expected to rise 2.8% at an annualized pace in the fourth quarter, according to Dow Jones estimates.

Here's what you need to know about a blockbuster court fight over Cuba's debt

Fri, 01/20/2023 - 05:00
If Cuba loses in the U.K.'s High Court, it could ultimately cost the island nation billions in long overdue payments.

Federal Reserve Chairman Jerome Powell tests positive for Covid

Wed, 01/18/2023 - 09:15
Powell is experiencing "mild symptoms," according to the announcement.

Wholesale prices fell 0.5% in December, much more than expected

Wed, 01/18/2023 - 06:23
The producer price index was expected to decrease 0.1% in December, according to Dow Jones estimates.

As China reopens and data surprises, economists are starting to get less gloomy

Mon, 01/16/2023 - 04:45
After China's reopening and a deluge of positive data surprises, economists are upgrading their previously gloomy outlooks for the global economy.

Time for the Fed to declare victory on inflation? Not yet

Thu, 01/12/2023 - 10:49
The question now is how much more evidence policymakers will need to see before they take their foot off the brake.

Consumer prices fell 0.1% in December, in line with expectations from economists

Thu, 01/12/2023 - 06:29
The consumer price index was expected to decrease 0.1% on a monthly basis and increase 6.5% from a year ago in December, according to Dow Jones.

World Bank makes big cut to its 2023 growth outlook, says globe is 'perilously close' to recession

Tue, 01/10/2023 - 20:21
The World Bank slashed its global growth forecasts from projections it made in mid-2022 on the back of what it sees as broadly worsening economic conditions.

'Quick and dirty': France's Macron expected to push through pension reforms after years of pushback

Tue, 01/10/2023 - 00:09
France's legal retirement age is currently 62 — lower than many developed markets, including much of Europe and the U.S.

Consumers see inflation—and spending—cooling off in the year ahead, New York Fed survey shows

Mon, 01/09/2023 - 08:49
The one-year inflation outlook declined to 5%, down 0.2 percentage point from the previous month and the lowest level since July 2021.

U.S. unemployment rate falls in December, but rises for Black women, Hispanic men

Fri, 01/06/2023 - 08:46
Those figures bucked the trend in the broader economy, which showed unemployment in the U.S. fall to 3.5%.

Private payroll growth surged by 235,000 in December, well above estimate, ADP reports

Thu, 01/05/2023 - 05:40
Private payrolls rose by 235,000 for the month, well ahead of the 153,000 Dow Jones estimate.

Job openings hold strong despite rate hikes; manufacturing in contraction

Wed, 01/04/2023 - 07:44
Demand for employment remained high in November as companies looked for workers to fill positions despite worries of a looming recession.

The UK recession will be almost as deep as that of Russia, economists predict

Wed, 01/04/2023 - 02:10
The U.K.'s economic contraction in 2023 will be almost as deep as that of Russia, economists expect, as a sharp fall in household living standards weighs on activity.