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CNBC Economic News

Here's what to watch out for in Friday's jobs report for May

8 hours 4 min ago
Economists surveyed by Dow Jones expect job growth in May of 190,000, a decline from the 253,000 in April.

Private payrolls rose by 278,000 in May, well ahead of expectations, ADP says

13 hours 42 min ago
The U.S. labor market posted another month of surprising strength in May as companies added jobs at a pace well above expectations.

Inflation rose 0.4% in April and 4.7% from a year ago, according to key gauge for the Fed

Fri, 05/26/2023 - 07:37
The core personal consumption expenditures price index was expected to increase 0.3% in April, according to a Dow Jones estimate.

A U.S. recession would be 'good news' for markets, strategist says

Fri, 05/26/2023 - 02:45
A U.S. recession may prevent a steep market downturn in the second half of 2023, according to Michael Yoshikami, founder and CEO of Destination Wealth Management.

How the A.I. explosion could save the market and maybe the economy

Thu, 05/25/2023 - 11:24
Whether it's personalized shopping or self-driving cars, AI will become a factor in virtually everyone's lives.

Former Fed Chair Ben Bernanke says there's more work ahead to control inflation

Tue, 05/23/2023 - 12:01
A research paper notes that inflation has evolved since ballooning to a 40-year high in the summer of 2022.

Bank of England governor says the UK is facing a wage-price spiral

Wed, 05/17/2023 - 22:08
Andrew Bailey said second-round effects of wage growth and price setting were "unlikely to go away as quickly as they appeared."

Retail sales rose 0.4% in April, less than expected as consumers struggle with inflation

Tue, 05/16/2023 - 07:02
Excluding auto-related figures, sales increased 0.4%, which was in line with expectations.

Consumer debt passes $17 trillion for the first time despite slide in mortgage demand

Mon, 05/15/2023 - 09:28
The total for borrowing across all categories hit $17.05 trillion, an increase of nearly $150 billion, or 0.9% during the January-to-March period.

Shifting to life post-Covid: How remote work transformed this city in the Midwest

Sat, 05/13/2023 - 05:26
Lansing, Michigan is one example of how downtowns have attempted to move away from office-centric economies.

UK economy grows by 0.1% in the first quarter but inflation continues to weigh

Fri, 05/12/2023 - 00:04
U.K. gross domestic product figures for March showed a 0.1% growth.

Fed Governor Waller casts doubt on need to conduct climate change tests for banks

Thu, 05/11/2023 - 09:38
Waller on Thursday said that conducting special tests for how banks are preparing for such risks probably shouldn't fall under the Fed's purview.

Wholesale prices rose just 0.2% in April, less than estimate as inflation pressures ease

Thu, 05/11/2023 - 06:48
Wholesale prices rose less than expected in April, according to a Labor Department report Thursday.

German minister calls for maturity on U.S. debt ceiling talks: 'We have to avoid further risks'

Thu, 05/11/2023 - 02:28
Time is running out for an agreement, with U.S. Treasury Secretary Janet Yellen warning earlier this month that without a deal, the largest economy in the world could default by June 1.

Yellen says it should be 'unthinkable' for the U.S. to default on its debt

Thu, 05/11/2023 - 00:13
U.S. Treasury Secretary Janet Yellen spoke to reporters ahead of the G-7 finance ministers and central bank governors meetings in Niigata, Japan.

Covid caused huge shortages in the jobs market. It may be easing — but there's another problem ahead

Wed, 05/10/2023 - 22:21
Since the onset of Covid-19, labor shortages have plagued major economies and intensified inflationary pressures, but economists expect this trend to finally abate.

Traders raise the chances for a Fed rate cut following April inflation report

Wed, 05/10/2023 - 09:14
Traders on Wednesday raised the chances of a September interest rate cut to close to 80%.

Inflation rose 4.9% in April from a year ago, less than expectations

Wed, 05/10/2023 - 06:42
The consumer price index was expected to rise 0.4% in April, according to Dow Jones.

Fed's John Williams says it will 'take time' before inflation gets back to 2% target

Tue, 05/09/2023 - 09:30
The current problems in the banking industry and their impact will factor into Williams' policy outlook.

Worries linger about financial stability following bank rescue, Fed report shows

Mon, 05/08/2023 - 15:28
The Fed last published its Financial Stability Report in November 2022, months before the implosion of several prominent midsize banks.