NEWS: CNBC ECONOMY
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   NEWS: CNBC ECONOMY
CNBC Economy
Oct 17, 2019

GM strike pushed US factory output down 0.5% in September
U.S. factory output slumped 0.5% in September, as a strike at General Motors caused a steep decline in auto production amid broader struggles for manufacturers.

CNBC Economy
Oct 17, 2019

US weekly jobless claims rise modestly
The weekly jobless claims data suggested the labor market continues to tighten despite slowing hiring and economic growth.

CNBC Economy
Oct 17, 2019

US housing starts fall from a 12-year high
U.S. homebuilding tumbled from a more than a 12-year high in September, but single-family home construction rose for a fourth straight month.

CNBC Economy
Oct 17, 2019

Morgan Stanley shares surge after bank beats expectations on trading, advisory results
Chief Executive Officer James Gorman has helped to diversify Morgan Stanley away from trading and advisory businesses with his emphasis on wealth management.

CNBC Economy
Oct 16, 2019

Fed's Evans says no more rate cuts are needed through 2020
The Chicago Fed president says that policy is probably appropriate given an economy that is softening but still in good shape.

CNBC Economy
Oct 16, 2019

US retail sales unexpectedly decline in a sign that consumer economy could be cracking
Retail sales dropped 0.3% last month as households cut back spending on motor vehicles, building materials, hobbies, and online purchases.

CNBC Economy
Oct 16, 2019

Weekly mortgage refinance applications rise, even as home purchase demand falls
Mortgage interest rates rose last week, but that didn't throw any cold water on the mini-refinance boom that's been going on for the last month.

CNBC Economy
Oct 16, 2019

'Awfully high' risks of a global recession in the next 12-18 months, Moody's chief economist says
"Even if we don't have a recession ... I think it's pretty clear that we're going to have a much weaker economy," says Mark Zandi.

CNBC Economy
Oct 15, 2019

IMF says trade war will cut global growth to lowest since financial crisis a decade ago
The U.S.-China trade war will cut 2019 global growth to its slowest pace since the 2008-2009 financial crisis, the International Monetary Fund warned on Tuesday.

CNBC Economy
Oct 15, 2019

Fed's Bullard warns risks remain high and US economy may slow more sharply than expected
St. Louis Federal Reserve Bank President James Bullard said global trade and other risks remain high for a U.S. economy that may slow more sharply than expected.

CNBC Economy
Oct 14, 2019

Larry Summers: US economy is just one bad recession away from zero rates or worse
"I fear that's what we're headed into" here in America, warns the former Treasury secretary.

CNBC Economy
Oct 14, 2019

Millennials are about to trigger a major 'changeover point' for the US economy, asset manager says
U.S. adults aged between 21 and 38 years old will prioritize "necessity spending" over the next decade, Bill Smead told CNBC on Monday.

CNBC Economy
Oct 11, 2019

Do you know what a recession is? Here's how we'll know when the next one hits
Not all economists agree that GDP is the best way to measure the economy.

CNBC Economy
Oct 10, 2019

US weekly jobless claims unexpectedly fall
The number of Americans filing applications for unemployment benefits unexpectedly fell last week.

CNBC Economy
Oct 10, 2019

US consumer prices were unchanged in September, the weakest reading since January
U.S. consumer prices were unchanged in September and underlying inflation retreated.

CNBC Economy
Oct 09, 2019

Market may be expecting more rate cuts than the Fed will deliver, meeting minutes show
The Fed's meeting minutes also showed that the trade war dragging down the economy was an overriding concern.

CNBC Economy
Oct 09, 2019

Former Trump campaign advisor Stephen Moore: 'We knew we weren't going to get 5% growth'
Former Trump campaign advisor Stephen Moore says President Donald Trump knew he couldn't achieve the 5% growth he promised while campaining.

CNBC Economy
Oct 09, 2019

Weekly mortgage refinances jump 10% as rates drop to the lowest level since August
An unexpected drop in mortgage interest rates had homeowners calling their lenders last week, looking to save money on their monthly payments.

CNBC Economy
Oct 08, 2019

Powell says the Fed will start expanding its balance sheet 'soon' in response to funding issues
On monetary policy more broadly, Powell stuck to his recent script, saying the Fed stands committed to supporting the recovery.

CNBC Economy
Oct 08, 2019

The father of the yield curve indicator says now is the time to prepare for a recession
Campbell Harvey has led work in research on inverted curves, which have presaged seven straight recessions.

CNBC Economy
Oct 08, 2019

US producer prices post the biggest decline in eight months in September
U.S. producer prices unexpectedly fell in September, weighed down by decreases in the costs of goods and services.

CNBC Economy
Oct 07, 2019

Economists warn the risk of recession is rising because of Trump's trade war
The main threat to the economy is the Trump administration's ongoing trade war, according to a survey of business economists.

CNBC Economy
Oct 07, 2019

Only geopolitics can sink the US into recession, Blackstone's Schwarzman says
The U.S. economy is actually looking "quite robust" thanks to a healthy labor market and higher consumer spending, Steve Schwarzman told CNBC Monday.

CNBC Economy
Oct 06, 2019

There's a theory that stingy millennials are to blame for the sluggish economy
Following the financial crisis, millennials are saving more than the Baby Boomers did before them, and this slowdown in spending is hurting the economy.

CNBC Economy
Oct 04, 2019

Here's where the jobs are — in one chart
CNBC studied the net change in employment by industry for September based on data from the Labor Department.

CNBC Economy
Oct 04, 2019

Trade gap widens more than expected to $54.9 billion
The U.S. trade deficit widened more than expected thanks in part to a record level of imports of consumer goods. More tariffs loom.

CNBC Economy
Oct 04, 2019

September unemployment rate falls to 3.5%, a 50-year low, as payrolls rise by 136,000
The jobless rate dropped 0.2 percentage points to 3.5%, matching a level it last saw in December 1969.

CNBC Economy
Oct 04, 2019

Fed's Clarida says central bank will set policy meeting by meeting
Federal Reserve Vice Chairman Richard Clarida gave little away about the U.S. central bank's next steps on monetary policy.

CNBC Economy
Oct 04, 2019

Friday's nonfarm payrolls report is more likely now to disappoint
Economists surveyed by Dow Jones expect the Bureau of Labor Statistics to report Friday that nonfarm payrolls increased by 145,000 in September.

CNBC Economy
Oct 04, 2019

Odds are increasing the jobs report could disappoint after weak numbers earlier in the week
Economists surveyed by Dow Jones expect nonfarm payrolls increased by 145,000 in September.

CNBC Economy
Oct 04, 2019

5 big risks that the world's fragile economy doesn't need right now
Global recession fears are rising. CNBC takes a look at some of the potential triggers for a contraction.

CNBC Economy
Oct 03, 2019

Friday's jobs report should show hiring is slowing, but not that a recession is near
Hiring is slowing but the September employment report should be just solid enough—and not reflect anything near the onset of a recession.

CNBC Economy
Oct 03, 2019

Services reading shows economy is weaker than expected amid slowdown fears
The report comes amid worries that the U.S. economy faces a potential recession ahead.

CNBC Economy
Oct 03, 2019

Services survey shows economy is weaker than expected amid slowdown fears
The report comes amid worries that the U.S. economy faces a recession as global growth slows and tariffs put a dent in business plans to expand.

CNBC Economy
Oct 03, 2019

US weekly jobless claims rise slightly
First-time claims for state unemployment benefits were expected to total 215,000 for the most recent week, up slightly from the 213,000 claims reported for the previous week.

CNBC Economy
Oct 03, 2019

Credit Suisse has a word to describe this sluggish economy — a 'semi-recession'
Credit Suisse said a contraction in industrial production accompanied by healthy economic data elsewhere lands the economy in a middle ground or a "semi recession."

CNBC Economy
Oct 03, 2019

Recession risks are climbing, Barclays warns
Barclays' Michael Gapen shares Wall Street's recession concerns ahead of Friday's monthly jobs report.

CNBC Economy
Oct 02, 2019

September private payrolls report shows the pace of hiring is slowing
Companies hired 135,000 more workers in the month, ahead of the 125,000 that economists surveyed by Dow Jones had expected.

CNBC Economy
Oct 01, 2019

US manufacturing survey shows worst reading in a decade
A monthly gauge of U.S. manufacturing showed its worst reading in more than 10 years in September as exports dived.

CNBC Economy
Sep 30, 2019

Is there a recession coming? Keep an eye on these key indicators
While there's no crystal ball to accurately predict when a recession will hit, there are some leading indicators investors and economists look out for when trying to forecast economic activity in the coming months.

CNBC Economy
Sep 30, 2019

Charles Evans says Fed has turned dovish, but still might need to do more
Charles Evans, president of the Federal Reserve Bank of Chicago, said he was "open-minded" about further interest rate cuts in the U.S.

CNBC Economy
Sep 27, 2019

Harker says Fed should 'hold firm' on interest rates
"My own view is that we should hold firm, letting things settle and watching how events play out," he said in prepared remarks Friday.

CNBC Economy
Sep 27, 2019

Consumers are really starting to worry about the trade war
A near-record number of consumers in September cited trade policies as a negative factor weighing on the economy.

CNBC Economy
Sep 27, 2019

US consumer spending slows in August, while incomes rise
U.S. personal income was expected to rise by 0.4% in August, after edging up 0.1% a month earlier.

CNBC Economy
Sep 27, 2019

US consumer spending slows in August; incomes rise
U.S. personal income was expected to rise by 0.4% in August, after edging up 0.1% a month earlier.

CNBC Economy
Sep 27, 2019

US core capital goods orders unexpectedly fall in August
Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, rose 0.2% in August after surging 2.0% in the prior month.

CNBC Economy
Sep 27, 2019

New orders for key US-made capital goods unexpectedly drop in August
Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, rose 0.2% in August after surging 2.0% in the prior month.

CNBC Economy
Sep 26, 2019

US weekly jobless claims rise marginally
First-time claims for state unemployment benefits were expected to total 212,000 for the most recent week, up slightly from the 208,000 claims reported for the previous week.

CNBC Economy
Sep 26, 2019

US business investment much weaker in the second quarter than previously estimated
U.S. business investment contracted more sharply that previously estimated in the second quarter and corporate profit growth was tepid.

CNBC Economy
Sep 26, 2019

Latinos may be the key to future US economic growth, study argues
GDP among U.S. Latinos increased to $2.3 trillion in 2017, up from $1.7 trillion in 2010, the study finds.

CNBC Economy
Sep 24, 2019

Computer analysis of CEO earnings call transcripts points to an economic slowdown
The latest proof of a U.S. economic slowdown is in, and this time it came from a computer analysis.

CNBC Economy
Sep 24, 2019

Consumer confidence falls sharply in September
This was the biggest drop in nine months, and September's reading marks the largest shortfall relative to the economists' expectations since 2010.

CNBC Economy
Sep 24, 2019

A majority of the ultra-wealthy expect a recession next year and are hunkering down
More than half of the super-rich around the world are already preparing for a recession.

CNBC Economy
Sep 24, 2019

Most of the ultra-wealthy see a recession next year and are hunkering down, says UBS survey
More than half of the world's super-rich expect a recession by 2020, according to a UBS survey, and are taking action to mitigate the risks.

CNBC Economy
Sep 24, 2019

Signs point to housing market heating up as home prices stop slowdown in July
The S&P CoreLogic Case-Shiller index rose 3.2% annually in July, the same gain reported in June. Prices are still cooling in the largest cities, however.

CNBC Economy
Sep 23, 2019

Markets have been betting that Trump's Twitter attacks on the Fed will move rates
Markets have been betting Trump's Twitter attacks on the Fed will move rates. Among other things, Trump has called Chairman Jerome Powell "clueless" and Fed officials as a whole "boneheads."

CNBC Economy
Sep 23, 2019

The trade war is weighing 'like a big, dark cloud' on the global economy, says Christine Lagarde
For incoming European Central Bank President Christine Lagarde, the U.S.-China trade war is the biggest threat to the global economy.

CNBC Economy
Sep 23, 2019

Fed's Williams: 'We were prepared' for the overnight funding jolt last week
New York Fed President John Williams said the central bank acted quickly during last week's jolt to overnight lending markets.

CNBC Economy
Sep 23, 2019

US manufacturing sector activity hits 5-month high in September, IHS Markit says
The U.S. manufacturing sector recovered in September with activity growth hitting a five-month high, according to IHS Markit.

CNBC Economy
Sep 20, 2019

Fed's Rosengren says the US has survived the trade war and doesn't need rate cuts
Rosengren was one of two central bank officials to vote against Wednesday's quarter-point rate reduction.

CNBC Economy
Sep 20, 2019

Fed Vice Chair Clarida says the Fed will take interest rate policy 'meeting by meeting'
"We're gonna take this meeting by meeting. We're not on a preset course," Clarida told CNBC.

CNBC Economy
Sep 20, 2019

Fed's Bullard on his rate cut dissent: US manufacturing appears to be 'in recession'
James Bullard said he dissented on this week's Fed decision to lower rates by a quarter point because he didn't think the cut was big enough.

CNBC Economy
Sep 20, 2019

Fed officials explain 'no' votes: Recession fears vs. bubble worries
Fed regional presidents James Bullard and Eric Rosengren released statements explaining why they voted against this week's rate cut.

CNBC Economy
Sep 20, 2019

Fed's Bullard, explaining his rate cut dissent, says US manufacturing appears to be 'in recession'
James Bullard said he dissented on this week's Fed decision to lower rates by a quarter point because he didn't think the cut was big enough.

CNBC Economy
Sep 20, 2019

The Federal Reserve is increasingly divided with one official even wanting a sizable half-point cut
Fed regional presidents James Bullard and Eric Rosengren released statements explaining why they voted against this week's rate cut.

CNBC Economy
Sep 19, 2019

Leon Cooperman says the Fed made a mistake cutting rates: 'You're screwing the savers'
Billionaire investor Leon Cooperman on Thursday said he believes that the Federal Reserve is "screwing the savers."

CNBC Economy
Sep 19, 2019

US existing home sales rise to 17-month high in August
A decline in mortgage rates throughout much of the summer has helped buyers.

CNBC Economy
Sep 19, 2019

The CEO of Pimco, which manages $1.8 trillion, says the US economy is slowing to just 1% growth
The U.S. economy will have a tough time at the start of 2020, says the head of one of the largest bond managers in the world.

CNBC Economy
Sep 19, 2019

The CEO of Pimco, which manages $1.8 trillion, says the US economy will slow to just 1% growth
The U.S. economy will have a tough time at the start of 2020, says the head of one of the largest bond managers in the world.

CNBC Economy
Sep 19, 2019

US weekly jobless claims rise less than expected
The data pointed to strong labor market conditions that should continue to support a moderately growing economy.

CNBC Economy
Sep 18, 2019

Powell: Low rates abroad a sign of weak global growth
Federal Reserve chairman Jerome Powell holds a press conference after the Fed's decision to cut rates by 25 basis points.

CNBC Economy
Sep 18, 2019

Powell doesn't see the Fed ever using negative interest rates, even in times of crisis
Federal Reserve Chairman Jerome Powell addressed the media following the Federal Open Market Committee meeting on Wednesday.

CNBC Economy
Sep 18, 2019

Powell says it's possible the Fed will have to resume balance sheet growth


CNBC Economy
Sep 18, 2019

Powell says a 'sequence' of rate cuts could be needed if economy turns, but doesn't see that now
Jerome Powell pledged that the central bank would engage in a "sequence" of interest rate cuts if conditions warrant, but he doesn't see that as necessary now.

CNBC Economy
Sep 18, 2019

Trump says Powell and the Fed 'Fail Again' — 'No guts, no sense, no vision!'
The decision to cut rates followed a monthslong pressure campaign by Trump, who often criticized Chairman Jerome Powell by name as he called for lower interest rates.

CNBC Economy
Sep 18, 2019

Fed gets more divided, as three members vote against rate cut
The Fed has become increasingly divided, with three officials voting against the Fed's quarter-point cut to the fed funds target rate range.

CNBC Economy
Sep 18, 2019

Fed forecasts no further rate cuts in 2019 and 2020, but members are divided
Ahead of the Fed's 2 p.m. announcement, many economists were forecasting one further cut in 2019, but some investors were hoping for two more this year.

CNBC Economy
Sep 18, 2019

The Fed forecasts no further rate cuts for 2019 and 2020
Ahead of the Fed's 2 p.m. announcement, many economists were forecasting one further cut in 2019, but some investors were hoping for two more this year.

CNBC Economy
Sep 18, 2019

Fed cuts rate on bank reserves amid repo market turmoil
The interest on excess reserves now stands at 1.8%, a 30 basis point cut compared with the 25 basis point reduction for the benchmark funds rate.

CNBC Economy
Sep 18, 2019

Fed cuts rate on bank reserves amid repo turmoil
The interest on excess reserves now stands at 1.8%, a 30 basis point cut compared to the 25 basis point reduction for the benchmark funds rate.

CNBC Economy
Sep 18, 2019

Here's what changed in the new Fed statement
This is a comparison of Wednesday's FOMC statement with the one issued on July 31 after the Fed's previous policymaking meeting.

CNBC Economy
Sep 18, 2019

Fed approves quarter-point rate cut but is divided on further action this year
Investors largely expected the FOMC to cut rates by a quarter point.

CNBC Economy
Sep 18, 2019

Fed loses control of its own interest rate as it cut rates — 'This just doesn't look good'
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.

CNBC Economy
Sep 18, 2019

Fed loses control of its own interest rate on day of big decision — 'This just doesn't look good'
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.

CNBC Economy
Sep 17, 2019

Fed is expected to cut rates, but Powell may have a hard time appeasing critics
Jerome Powell will "underwhelm everyone and not overwhelm anyone," one economist says

CNBC Economy
Sep 17, 2019

Fed expected to cut rates and Powell may have hard time appeasing critics inside and outside Fed
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.

CNBC Economy
Sep 17, 2019

Fed expected to cut rates but Powell may have a hard time appeasing critics
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.

CNBC Economy
Sep 17, 2019

Fed rate cut is coming, but some market insiders doubt it's really necessary
A Federal Reserve rate cut at the end of this week's two-day FOMC meeting is considered a "lock" by the market, but chief financial officers of major corporations still harbor doubts about whether lowering interest rates is necessary.

CNBC Economy
Sep 17, 2019

Homebuilder sentiment surges to highest level of the year, but there are warning signs
A sharp drop in mortgage rates in August was clearly behind the confidence in September, but rates have since reversed.

CNBC Economy
Sep 17, 2019

US manufacturing production rebounds strongly in August
U.S. manufacturing output increased more than expected in August, boosted by a surge in machinery and primary metals production.

CNBC Economy
Sep 17, 2019

Recession fears among fund managers rise to highest level in a decade
The risk of a global recession is at its highest since August 2009, according to a survey of fund managers, as slowing growth, trade and political uncertainty takes its toll on investor sentiment.

CNBC Economy
Sep 17, 2019

This uncertain economy is pushing a third of millennials to visit the doctor
The state of the economy plays a role in how millennials think about healthcare.

CNBC Economy
Sep 16, 2019

The Fed is likely to lower rates again this week, but also signal it's in no hurry to keep cutting
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.

CNBC Economy
Sep 16, 2019

Expectations suddenly are rising that the Fed might not cut interest rates this week
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.

CNBC Economy
Sep 13, 2019

US consumer sentiment jumps as confidence around the economy rises
Sentiment in the U.S. rose more than expected this month as consumers felt more confident about current and future economic conditions.

CNBC Economy
Sep 13, 2019

US import prices fall as petroleum, food costs decline
U.S. import prices fell in August amid declines in the cost of petroleum products and food.

CNBC Economy
Sep 13, 2019

US retail sales rose more than expected in August as auto buying jumped
U.S. retail sales were expected to climb 0.2% in August, after rising 0.7% a month earlier.

CNBC Economy
Sep 12, 2019

'No strategy,' 'erratic,' 'haphazard': Democrats pile on Trump over China trade war
The 10 Democratic candidates in the Houston debate portrayed Trump as impulsive with little plan to win a trade war with China.

CNBC Economy
Sep 12, 2019

US consumer prices rise a slight 0.1% in August
Consumer prices slowed in August, rising by a slight 0.1%, reflecting a big drop in the cost of gasoline and other energy products.

CNBC Economy
Sep 12, 2019

US weekly jobless claims drop to five-month low
The number of Americans filing applications for unemployment benefits fell to a five-month low last week.

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