NEWS: CNBC ECONOMY
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   NEWS: CNBC ECONOMY
CNBC Economy
Apr 14, 2025

Fed Governor Waller sees tariff inflation as 'transitory' in 'tush push' comparison
The central banker embraced a term that got the central bank in trouble during the last bout of inflation.

CNBC Economy
Apr 14, 2025

Unemployment fears hit worst levels since Covid as tariffs fuel inflation outlook, Fed survey shows
Consumer worries grew over inflation, unemployment and the stock market as the global trade war heated up in March.

CNBC Economy
Apr 11, 2025

Consumer sentiment tumbles in April as inflation fears spike, University of Michigan survey shows
The University of Michigan consumer survey's mid-month reading on sentiment fell to 50.8.

CNBC Economy
Apr 11, 2025

Wholesale prices unexpectedly fell 0.4% in March, showing easing inflation backdrop ahead of tariffs
The producer price index, considered a leading indicator for pipeline inflation pressures, declined a seasonally adjusted 0.4% for the month.

CNBC Economy
Apr 11, 2025

Fed's Kashkari says rising bond yields, falling dollar show investors are moving on from the U.S.
The trends are running counter to what you might normally see, the central bank official told CNBC.

CNBC Economy
Apr 11, 2025

UK economy expands by 0.5% in February, more than expected
U.K. GDP rose by 0.5% on a monthly basis, far more than the 0.1% forecast by analysts.

CNBC Economy
Apr 10, 2025

Trump's triple-digit tariff essentially cuts off most trade with China, says economist
President Trump's tariff increase on imports from China would basically end most trade between that country and the U.S., according to economist Erica York.

CNBC Economy
Apr 10, 2025

Inflation rate eases to 2.4% in March, lower than expected; core at 4-year low
The consumer price index fell a seasonally adjusted 0.1% in March, putting the 12-month inflation rate at 2.4%, down from 2.8% in February.

CNBC Economy
Apr 10, 2025

Inflation rate eases to 2.4% in March, lower than expected
Topic: RobocarsTags: forbes It was a year of tumult, with success and major failures. Let's count down the top self-driving stories of 2024

Read more at Forbes.com in Robocars 2024 In Review: Top Ten Stories And More



CNBC Economy
Apr 10, 2025

European Union to put countermeasures to U.S. tariffs on hold for 90 days
EU members had voted in favor of the package on Wednesday in response to U.S. tariffs on steel and aluminum.

CNBC Economy
Apr 10, 2025

Tanking oil prices could more than double Saudi Arabia's deficit to $75 billion and threaten spending plans: Goldman Sachs economist
Saudi Arabia needs oil at more than $90 a barrel to balance its budget. Goldman Sachs this week lowered its Brent crude price forecast for 2025 to $62 a barrel.

CNBC Economy
Apr 09, 2025

Jamie Dimon says a recession is 'likely outcome' from Trump's tariff turmoil
Topic: RobocarsTags: forbes It was a year of tumult, with success and major failures. Let's count down the top self-driving stories of 2024

Read more at Forbes.com in Robocars 2024 In Review: Top Ten Stories And More



CNBC Economy
Apr 09, 2025

China says it will continue to take 'resolute and forceful' countermeasures as U.S. tariffs kick in
China's foreign ministry reiterated Wednesday that it will take "resolute and forceful" measures to protect its own interests.

CNBC Economy
Apr 09, 2025

The oil-rich Gulf states are better-positioned to weather the tariff storm — but crashing crude prices could spell trouble
The countries of the GCC — Saudi Arabia, the UAE, Bahrain, Kuwait, Oman, and Qatar — hold approximately 32.6% of the world's proven crude oil reserves.

CNBC Economy
Apr 07, 2025

CEOs think the U.S. is 'probably in a recession right now,' says BlackRock's Larry Fink
The asset management executive also said that the he thinks the tariffs of President Donald Trump could put upward pressure on inflation.

CNBC Economy
Apr 06, 2025

Trump is losing the confidence of business leaders, billionaire investor Bill Ackman says
Bill Ackman said that America is heading towards a self-inflicted "economic nuclear winter" as a result of the President Donald Trump's tariff policy rollout.

CNBC Economy
Apr 05, 2025

Trump says tariffs will accelerate reshoring, but experts say it's not that easy
President Donald Trump may hope his tariffs bring manufacturing and jobs to the U.S., but the reality is not so simple, according to experts.

CNBC Economy
Apr 04, 2025

President Donald Trump says Fed Chair Powell should cut interest rates and 'stop playing politics'
Trump said in a social media post this would be the "perfect" time for the central bank to cut rates, but inflationary impact of tariffs could be an issue.

CNBC Economy
Apr 04, 2025

U.S. payrolls rose by 228,000 in March, but unemployment rate increases to 4.2%
Nonfarm payrolls were expected to grow by 140,000 in March while the unemployment rate would hold steady at 4.1%.

CNBC Economy
Apr 04, 2025

U.S. payrolls rise by 228,000 in March, but unemployment rate increases to 4.2%
Nonfarm payrolls were expected to grow by 140,000 in March while the unemployment rate held steady at 4.1%.

CNBC Economy
Apr 04, 2025

China to impose 34% retaliatory tariff on all goods imported from the U.S.
Beijing's measures come in the wake of duties imposed by U.S. President Donald Trump's administration earlier this week.

CNBC Economy
Apr 04, 2025

El-Erian says U.S. recession risks are now 'uncomfortably high'
"If the U.S. slows down, the rest of the world will slow down more," the veteran economist warned.

CNBC Economy
Apr 03, 2025

Federal Reserve is unlikely to rescue markets and economy from tariff turmoil anytime soon
Should the president hold fast to his tougher-than-expected trade policy, there's a material risk of at least near-term costs.

CNBC Economy
Apr 03, 2025

U.S. tariff rates under Trump will be higher than the Smoot-Hawley levels from Great Depression era
Evercore ISI strategist Sarah Bianchi said the new policies put the effective tariff rate above the level of around 20% set by 1930's Smoot-Hawley Tariff Act.

CNBC Economy
Apr 03, 2025

The Federal Reserve is not likely to rescue markets and economy from tariff turmoil anytime soon
Should the president hold fast to his tougher-than-expected trade policy, there's a material risk of at least near-term costs.

CNBC Economy
Apr 03, 2025

Layoff announcements surge to the most since the pandemic as Musk's DOGE slices federal labor force
The surge in March was exceeded only by when the country shut down in 2020 for the Covid pandemic,

CNBC Economy
Apr 03, 2025

Trump will 'buckle under pressure' if Europe bands together over tariffs, German economy minister says
U.S. President Donald Trump could change his trade policies if he comes under pressure from trading partners, German economy minister Robert Habeck suggested.

CNBC Economy
Apr 03, 2025

How did the U.S. arrive at its tariff figures?
The White House Wednesday listed tariff rates for different countries. It didn't take long for market observers to try and reverse engineer the formula.

CNBC Economy
Apr 03, 2025

European Union vows countermeasures to Trump tariffs if talks fail, von der Leyen says
The EC president said that Trump's move was a "major blow" to the world economy.

CNBC Economy
Apr 03, 2025

'Absolutely nothing good' coming out of Trump's tariff announcement: Analysts react to latest U.S. levies
Analysts generally had a pessimistic take on the announcement, with some even predicting an increased risk of a recession for the U.S.

CNBC Economy
Apr 03, 2025

EU preparing further countermeasures against U.S. tariffs if negotiations fail, EC President von der Leyen says
The EC president said that Trump's move was a "major blow" to the world economy.

CNBC Economy
Apr 02, 2025

Private companies added 155,000 jobs in March, more than expected, ADP says
Payroll gains were stronger than expected in March, countering fears that the labor market and economy are slowing.

CNBC Economy
Apr 01, 2025

Trump's tariffs are expected to raise consumer prices, but a key question remains: By how much?
As the U.S. president weighs increasing tariffs on imports, economists find that prices across many categories could rise as a result.

CNBC Economy
Apr 01, 2025

Trump's tariff gambit will raise the stakes for an economy already looking fragile
President Donald Trump is set Wednesday to begin the biggest gamble of his nascent second term.

CNBC Economy
Apr 01, 2025

Euro zone inflation dips to 2.2% in March as U.S. tariffs loom
Euro zone inflation dipped to 2.2% in March, as expected, according to flash data from statistics agency Eurostat published Tuesday.

CNBC Economy
Mar 31, 2025

German inflation falls to 2.3% in March, backing bets for ECB rate cut
German inflation came in at a lower-than-expected 2.3% in March, preliminary data from the country's statistics office Destatis showed Monday.

CNBC Economy
Mar 31, 2025

German inflation eases to 2.3% in March, slightly lower than expected
German inflation came in at a lower-than-expected 2.3% in March, preliminary data from the country's statistics office Destatis showed Monday.

CNBC Economy
Mar 31, 2025

First-quarter GDP growth will be just 0.3% as tariffs stoke stagflation conditions, says CNBC survey
The Rapid Update, averaging forecasts from 14 economists for GDP and inflation, sees first quarter growth registering an anemic 0.3%.

CNBC Economy
Mar 30, 2025

Goldman Sachs sees Trump tariffs spiking inflation, stunting growth and raising recession risks
A broad, negative impact will be felt in the economy when the new trade moves are enacted, the Goldman economic team believes.

CNBC Economy
Mar 28, 2025

Consumer sentiment worsens as inflation fears grow, University of Michigan survey shows
The closely watched survey showed a reading of 57.0 for the month, down 11.9% from February and 28.2% from a year ago.

CNBC Economy
Mar 28, 2025

Core inflation in February hits 2.8%, higher than expected; spending increases 0.4%
The PCE price index was expected to increase 0.3% in February while spending was projected to rise 0.5%.

CNBC Economy
Mar 28, 2025

Core inflation in February hits 2.8%, hotter than expected; spending increases 0.4%
The PCE price index was expected to increase 0.3% in February while spending was projected to rise 0.5%.

CNBC Economy
Mar 27, 2025

#RecessionIndicator: Young Americans are losing confidence in the economy — and it shows online
Young people are finding humor in what they see as indicators in everyday life of a forthcoming economic slowdown. "I feel like Chicken Little," one said.

CNBC Economy
Mar 27, 2025

Trump's tariffs push will hit the U.S. harder than Europe in the short term, Santander chair says
"On a relative basis, in the short term, Europe will be less affected than the U.S.," Santander's Ana Botín said regarding President Donald Trump's tariffs.

CNBC Economy
Mar 27, 2025

Trump's tariffs are making the ECB's interest rate path 'more complicated,' policymaker says
U.S. President Donald Trump's tariff policies are complicating the path ahead for European Central Bank interest rates, policymaker Pierre Wunsch told CNBC.

CNBC Economy
Mar 26, 2025

Former Treasury Secretary Janet Yellen to join global advisory board for bond giant Pimco
Yellen, who also served as Federal Reserve chair, will serve on the board that meets several times a year.

CNBC Economy
Mar 26, 2025

Treasury Department is set to lay off a 'substantial' number of employees, official says
The department is planning to furlough workers as part of Elen Musk's efforts to shrink the size of the federal government

CNBC Economy
Mar 26, 2025

British businesses pile on the pressure on UK Financial Minister Reeves ahead of budget update
Top on the businesses' list of complaints is a higher employment cost.

CNBC Economy
Mar 26, 2025

British businesses pile on the pressure on U.K. Financial Minister Reeves ahead of budget update
Top on the businesses' list of complaints is a higher employment cost.

CNBC Economy
Mar 25, 2025

Consumer confidence in where the economy is headed hits 12-year low
Consumer confidence dimmed further in March as the view of future conditions fell to the lowest level in more than a decade.

CNBC Economy
Mar 24, 2025

The probability of a recession is approaching 50%, Deutsche markets survey finds
Chances that the U.S. is heading for a recession are close to 50-50, according to the survey.

CNBC Economy
Mar 24, 2025

Tax revenue collected by the IRS set to plummet, report says
IRS officials are expecting tax revenue to drop by more than 10% by April 15, the Washington Post reported.

CNBC Economy
Mar 24, 2025

Investors' optimism is growing around the UK economy as U.S.-EU trade disputes mount
However, some say the U.K. is not yet "out of the clear" from President Donald Trump's sweeping tariff policies.

CNBC Economy
Mar 21, 2025

Chicago Fed President Goolsbee sees rate cuts depending on inflation progress
Goolsbee told CNBC that he's been hearing more concerns from businesses in his region about the impact of tariffs.

CNBC Economy
Mar 20, 2025

Accenture is DOGE's first corporate casualty as shares dive on warning that contracts will be cut
Shares of Accenture slid more than 7% on Thursday after the consulting firm said tighter federal spending efforts have begun to weigh on its revenues.

CNBC Economy
Mar 20, 2025

U.S. households are running out of emergency funds as pandemic cash runs out, inflation takes its toll
The latest survey from the New York Federal Reserve shows just 62.7% of Americans can come up with $2,000 for an emergency.

CNBC Economy
Mar 20, 2025

Trump says the Fed should cut rates to ease the economy's transition to his tariffs
President Donald Trump is encouraging the central bank to cut interest rates as a backstop for his tariff plans.

CNBC Economy
Mar 19, 2025

'Transitory' is back as the Fed doesn't expect tariffs to have long-lasting inflation impacts
Fed officials see inflation moving up this year more rapidly than previously expected, but they also expect the trend to be short-lived.

CNBC Economy
Mar 19, 2025

Bank of America's CEO says economic growth is 'better than people think' and the Fed should stay on hold
The Bank of America CEO said Wednesday that consumers are continuing to spend and growth should be solid though slower this year

CNBC Economy
Mar 19, 2025

Bank of England expected to keep rates on hold amid headwinds it can't fully predict or control
The Bank of England is widely expected to hold interest rates when it meets on Thursday, as the U.K. faces economic headwinds both at home and abroad.

CNBC Economy
Mar 18, 2025

Trump policies 'promise' an economic downturn, says prominent forecaster in first-ever 'recession watch'
The UCLA Anderson Forecast, citing substantial changes to the economy from policies of the Trump administration, issued its first-ever "recession watch" on Tuesday.

CNBC Economy
Mar 18, 2025

The Fed will update its rate projections Wednesday. Here's what to expect
If market pricing is correct, there's virtually no chance central bank policymakers budge from the current level of their key interest rate.

CNBC Economy
Mar 17, 2025

Retail sales increased 0.2% in February, though spending up less than expected
Retail sales were expected to show a 0.6% increase in February, according to the Dow Jones consensus estimate.

CNBC Economy
Mar 17, 2025

U.S. and global economic outlooks cut by OECD as Trump's trade tariffs weigh on growth
"A series of recently announced trade policy measures will have implications for the economic outlook if sustained," the OECD said.

CNBC Economy
Mar 17, 2025

OECD cuts U.S. and global economic outlooks as Trump's trade tariffs weigh on growth
Global growth is expected to slow from 3.2% in 2024 to 3.1% in 2025 and 3.0% in 2026, according to the OECD.

CNBC Economy
Mar 16, 2025

Treasury Secretary Bessent says White House is heading off a 'guaranteed' financial crisis
Bessent believes market pullbacks are benign, and Trump's pro-business policies will boost the economy in the long run.

CNBC Economy
Mar 16, 2025

'See you in four years': Canada flexes economic muscle as tariff negotiations continue
Trump's plans for tariffs and comments about Canada becoming a state has enraged the country's consumers and politicians.

CNBC Economy
Mar 15, 2025

Trump's Canadian tariffs are having a chilling effect on Vermont's small business owners
The Green Mountain State's small businesses are getting caught in the tariff crossfire between the United States and Canada.

CNBC Economy
Mar 14, 2025

Consumer sentiment slumps in March to lowest since 2022 as Trump tariffs spark more inflation worries
The University of Michigan's Survey of Consumers was expected to show a reading of 63.2 for March.

CNBC Economy
Mar 14, 2025

UK economy unexpectedly shrank by 0.1% in January
The U.K.'s economy unexpectedly shrank by 0.1% in January, official figures showed on Friday.

CNBC Economy
Mar 13, 2025

Why this week's positive inflation reports won't look as good to the Fed
On the surface, February's inflation data released this week brought some encouraging news.

CNBC Economy
Mar 13, 2025

Tariffs to add as much as $10,000 to the cost of the average new home, trade association says
"The tariffs act as a tax on American builders, home buyers and consumers," the National Association of Home Builders said.

CNBC Economy
Mar 13, 2025

Egg prices are rapidly falling so far in March
Egg prices have become a key pressure point for consumers that are facing the simultaneous headwind of sticky inflation and President Donald Trump's tariffs.

CNBC Economy
Mar 13, 2025

Treasury Secretary Bessent says a 'detox' period for the economy does not have to be a recession
The Trump administration is aiming for a "smooth transition" as it looks for ways to cut government spending.

CNBC Economy
Mar 13, 2025

Treasury Secretary Bessent said the White House is focused on the 'real economy' and not concerned about 'a little' market volatility
essent said the administration is attentive to market moves, he predicted that both the economy and markets would prosper over time.

CNBC Economy
Mar 13, 2025

U.S. tariffs could thrust Germany into recession, central bank governor says
Ongoing U.S. tariffs could push Europe's largest economy into a recession, German central bank President Joachim Nagel warned.

CNBC Economy
Mar 13, 2025

Wholesale price measure was flat in February, compared with expected increase
The producer price index was expected to increase 0.3% in February, according to the Dow Jones consensus forecast.

CNBC Economy
Mar 13, 2025

Why Trump wants to bring aluminum production back to the U.S.
Aluminum is a "critical mineral" in the U.S. but the metal is largely produced in other countries, raising security concerns within the Trump administration.

CNBC Economy
Mar 12, 2025

U.S. budget deficit surged in February, passing $1 trillion for year-to-date record
The U.S. debt and deficit problem worsened during President Donald Trump's first month in office.

CNBC Economy
Mar 12, 2025

Inflation rate eased to 2.8% in February, lower than expected
The core consumer price index was expected to increase 0.3% in February and 3.2% from a year ago.

CNBC Economy
Mar 12, 2025

Inflation rate hits 2.8% in February, less than expected
The consumer price index was expected to increase 0.3% in February and 3.2% from a year ago.

CNBC Economy
Mar 11, 2025

A big inflation report is on the way Wednesday. Here's what to expect
The consumer price index for February is forecast to show an increase of 0.3% for goods and services across the largest economy in the world.

CNBC Economy
Mar 11, 2025

'Tariffs break trust': How Trump's trade policy is putting pressure on U.S. farmers
American farmers could ultimately feel even more pain as a result of President Donald Trump's tariffs on Canada, Mexico and China.

CNBC Economy
Mar 11, 2025

Job openings see gains in January in a sign of labor market stability
The Job Openings and Labor Turnover Survey showed that postings rose to 7.74 million on the month, up 232,000 from December.

CNBC Economy
Mar 10, 2025

Trump says a transition period for the economy is likely: 'You can't really watch the stock market'
Officials have spent the past several days bracing Americans for a slowdown that they say will lead to stronger growth ahead.

CNBC Economy
Mar 10, 2025

Kugler says Fed should hold interest rates amid inflation risks
Inflation could continue to be 'persistent' and prices could potentially increase again, Federal Reserve Governor Adriana Kugler told CNBC's Silvia Amaro.

CNBC Economy
Mar 10, 2025

Trump 'an agent of chaos and confusion,' economists warn — but a U.S. recession isn't in the cards yet
Economists say Trump is proving to be an "agent of chaos" with his unpredictable trade tariff policies but a downturn isn't in the cards just yet.

CNBC Economy
Mar 08, 2025

Starting the day with a healthy breakfast is becoming a pricey luxury
The rise in costs comes as consumers signal that they are increasingly tapped out and worried about the impact of potential tariffs on the economy.

CNBC Economy
Mar 07, 2025

Justice Department is looking into egg prices in antitrust probe, report says
A report in The Wall Street Journal says DOJ investigators are looking into whether egg producers are working together to keep egg prices high.

CNBC Economy
Mar 07, 2025

Unemployment rate in February drops for Black men, but rises for Hispanic women
For Black men age 20 and older, the unemployment rate notably declined to 5.5% in February from 6.9% in January.

CNBC Economy
Mar 07, 2025

Here's where the jobs are for February 2025 - in one chart
February marked another strong month for health care despite job growth overall coming in weaker than expected but stable.

CNBC Economy
Mar 07, 2025

U.S. payroll growth totals 151,000 in February, less than expected
Nonfarm payrolls were expected to increase 170,000 in February, according to the Dow Jones consensus forecast.

CNBC Economy
Mar 07, 2025

Treasury Secretary Bessent says economy could be 'starting to roll a little bit'
President Trump's Treasury Secretary discussed the U.S. economy and tariffs on "Squawk Box."

CNBC Economy
Mar 07, 2025

'Very concerned' about Europe's struggling economy, European Central Bank policymaker Centeno says
On Thursday, the ECB had revised its gross domestic product expectations for the euro area lower.

CNBC Economy
Mar 06, 2025

The pivotal February jobs report is out Friday. Here's what to expect
Markets will get another snapshot into the health of the labor market when the BLS releases its February nonfarm payrolls report Friday.

CNBC Economy
Mar 06, 2025

Treasury Secretary Bessent says the American dream is not about 'access to cheap goods'
Bessent on Thursday offered a full-throated defense of the White House's position on tariffs.

CNBC Economy
Mar 06, 2025

European Central Bank cuts rates again, says policy is becoming 'meaningfully less restrictive'
The ECB cut interest rates by 25 basis points and updated the language in its decision to say monetary policy was becoming "meaningfully less restrictive."

CNBC Economy
Mar 06, 2025

Layoff announcements soar to the highest since 2020 as DOGE slashes federal staff
U.S. employers announced 172,017 layoffs for the month, up 245% from January and the highest monthly count since July 2020

CNBC Economy
Mar 05, 2025

Private employers added just 77,000 jobs in February, far below expectations, ADP says
Private sector job creation slowed to a crawl in February, fueling concerns of an economic slowdown,

CNBC Economy
Mar 05, 2025

Germany's fiscal U-turn could be a 'game changer' for the country's sluggish economy, analysts say
Leaders of the likely incoming coalition government announced plans to reform the debt brake and create a special investment fund.

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