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The Fed is likely to keep rates the same but give a forecast that moves markets. What to expect

While any movement on interest rates seems improbable, the meeting will feature important signals that still could move markets.

Published: 1 day ago

Retail sales fell 0.9% in May, worse than expected, as consumers pulled back

Consumer spending pulled back sharply, weighed by declining gas sales and looming unease over where the economy is headed.

Published: 2 days ago

Consumer sentiment reading rebounds to much higher level than expected as people get over tariff shock

The University of Michigan's closely watched Surveys of Consumers showed across-the-board rebounds from previously dour readings.

Published: 6 days ago

Here are the three reasons why tariffs have yet to drive inflation higher

President Donald Trump's tariffs have yet to show up in any of the traditional data points measuring inflation.

Published: 7 days ago

UK Finance Minister Rachel Reeves’ spending plans risk creating ‘a snowball effect’ that pushes borrowing costs higher

Policies risk creating "a snowball effect" that pushes Britain's £105 billion-a-year interest payments higher, experts told CNBC.

Published: 6 days ago

UK exports to the U.S. plunge by most on record as tariffs bite

Shipments of commodities, cars and metals to the U.S. from Britain all dropped sharply in April.

Published: 7 days ago

U.S. budget deficit hit $316 billion in May, with annual shortfall up 14% from a year ago

The U.S. government drifted further into red ink in May, with a burgeoning debt and deficit issue getting worse.

Published: 1 week ago

Vance joins Trump in bashing Powell, says Fed committing 'monetary malpractice' by not cutting rates

President Donald Trump and Vice President JD Vance are now double-teaming the Fed in an effort to get lower interest rates.

Published: 1 week ago

U.S. inflation rises 0.1% in May from prior month, less than expected

The consumer price index was expected to rise 0.2% in May, with a 12-month inflation rate of 2.4%.

Published: 1 week ago

World Bank sharply cuts global growth outlook on trade turbulence

"This would mark the slowest rate of global growth since 2008, aside from outright global recessions," the World Bank said of its forecast.

Published: 1 week ago

Bulgaria is set to join the euro zone. But its citizens aren't convinced

The European Commission and European Central Bank have signed off on Bulgaria joining the euro zone.

Published: 1 week ago

CEO recession expectations decline from April scare, survey says

The latest poll showed less than 30% of CEOs expected some sort of recession or slowdown over the next six months.

Published: 1 week ago

Inflation fears receded in May as Trump eased some tariff threats, New York Fed survey shows

The one-year inflation outlook took a substantial dip, down to 3.2% — a 0.4 percentage point decrease from April.

Published: 1 week ago

U.S. payrolls increased 139,000 in May, more than expected; unemployment at 4.2%

Nonfarm payrolls were expected to increase 125,000 in May while the unemployment rate stayed at 4.2%.

Published: 2 weeks ago

Russia lowers interest rates to 20% in first cut since 2022 as inflation pressures ease

Inflation in Russia hit 8.3% in the first quarter of the year, with the effects of the war in Ukraine continuing to be felt in the economy.

Published: 2 weeks ago

The world could be facing another ‘China shock,’ but it comes with a silver lining

A new round of "China shock" appears to be under way as Beijing doubles down on manufacturing and exports to offset the drag in domestic consumption.

Published: 1 week ago

Friday's jobs report likely will show hiring cooled in May. Here's what to expect

Economists expect that when the Bureau ofLabor Statistics reports the May nonfarm payrolls numbers, they will show a gain of just 125,000.

Published: 2 weeks ago

Corporate layoffs have ramped up in recent weeks. Here are the companies making cuts

Many companies lumped layoffs in with larger cost-cutting strategies. Some have cited artificial intelligence as a factor in layoffs.

Published: 2 weeks ago

Trade deficit fell by a record amount in April as demand dropped for imports

Following a record-breaking surge in the trade imbalance, the deficit slid to $61.6 billion.

Published: 2 weeks ago

Most companies are already raising prices or plan to because of tariffs, data shows

Two different surveys show most firms plan to pass along tariff costs to consumers.

Published: 2 weeks ago

Fed 'Beige Book' economic report cites declining growth, rising prices and slow hiring

The report noted that "economic activity has declined slightly since the previous report" released April 23.

Published: 2 weeks ago

Private sector hiring rose by just 37,000 in May, the lowest in more than two years, ADP says

The report comes two days before the more closely watched nonfarm payrolls count from the Bureau of Labor Statistics.

Published: 2 weeks ago

The euro zone is ready for a new member: Bulgaria

Bulgaria's ascension to the euro would take the bloc to 21 members.

Published: 2 weeks ago

Job openings showed surprising increase to 7.4 million in April

Employers increased job openings more than expected in April while hiring and layoffs also both rose.

Published: 2 weeks ago

Euro zone inflation falls to cooler-than-expected 1.9% in May, below ECB target

Economists polled by Reuters had been expecting the May reading to come in at 2%, which is the European Central Bank's target.

Published: 2 weeks ago

U.S. growth forecast cut sharply by OECD as Trump tariffs sour global outlook

The U.S. economy is now expected to expand by just 1.6% in 2025, while the global economy is set to grow by 2.9%.

Published: 2 weeks ago

People are cooking at home at the highest levels since start of pandemic, according to Campbell's

"Consumers are cooking at home at the highest levels since early 2020," the Campbell's CEO said Monday.

Published: 2 weeks ago

Inflation rate slipped to 2.1% in April, lower than expected, Fed’s preferred gauge shows

The personal consumption expenditures price index was expected to show a 2.2% annual rate in April.

Published: 3 weeks ago

German inflation eases to hotter-than-expected 2.1% in May

Economists polled by Reuters had expected the German harmonized consumer price index to come in at 2%.

Published: 3 weeks ago

Trump advisor Hassett is confident tariffs will prevail despite judges' ruling

The comments follow a ruling from judges on the Court of International Trade who said Trump exceeded his authority on tariffs.

Published: 3 weeks ago