Inflation
Trump’s proposed tariffs could raise prices for consumers and slow spending
Shoppers walk through the Fashion Centre at Pentagon City, a shopping mall in Arlington, Virginia, February 2, 2024. Saul Loeb | Afp | Getty Images For retailers and consumers finally feeling some relief from inflation, President-elect Donald Trump’s tariffs proposal introduces fresh uncertainty around how prices could change during his presidency, analysts said Wednesday. Trump, […]
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Brits brace for higher mortgage payments despite Bank of England seen cutting rates
Period red-brick home rooftops in a suburb overlooking London’s financial district. Oversnap | E+ | Getty Images LONDON — Britons are facing the prospect of higher mortgage rates for longer after the government’s tax-and-spend budget threw off expectations for a series of near-term interest rate cuts. The Bank of England is widely expected to cut […]
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Bank of Japan likely to stay course with a rate hike in December or January, analysts say
After a messy election, the Bank of Japan decided to hold its benchmark policy rate at 0.25%, as expected. But analysts say that the central bank’s focus on normalizing monetary policy — raising rates — remains unchanged. The BOJ board maintained its three-year inflation projections with minor adjustments, signaling that the economy is progressing in […]
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CNBC Daily Open: For Big Tech, beating earnings expectations is not enough
Microsoft Corp. signage in New York, US, on Friday, Oct. 25, 2024. Jeenah Moon | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You […]
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Key Fed inflation rate hits 2.1% in September, as expected
Inflation increased slightly in September and moved closer to the Federal Reserve’s target, according to a Commerce Department report Thursday. The personal consumption expenditures price index showed a seasonally adjusted 0.2% increase for the month, with the 12-month inflation rate at 2.1%, both in line with Dow Jones estimates. The Fed uses the PCE reading […]
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U.S. economy grew at a 2.8% pace in the third quarter, less than expected
Gross domestic product was expected to increase at a 3.1% annualized pace in the third quarter. Source
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Morgan Stanley CEO says the era of zero interest rates and inflation ‘is over’
Ted Pick, co-president of Morgan Stanley, speaks during a Bloomberg Television interview in New York, US, on Thursday, Oct. 26, 2023. Jeenah Moon | Bloomberg | Getty Images RIYADH — The days of easy money and zero interest rates are firmly in the past, Morgan Stanley CEO Ted Pick said Tuesday, speaking at a panel […]
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Larry Fink says the Fed won’t cut interest rates as much as markets expect this year
Andrew Ross Sorkin speaks with BlackRock CEO Larry Fink during the New York Times DealBook Summit in the Appel Room at the Jazz at Lincoln Center in New York City on Nov. 30, 2022. Michael M. Santiago | Getty Images The U.S. Federal Reserve won’t cut interest rates as much as markets expect because “embedded […]
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European Central Bank policymakers split on the need for jumbo rate cuts as growth concerns take over
A cyclist drives along a road under a railway bridge near the headquarters of the European Central Bank (ECB) in Frankfurt am Main, western Germany, on July 18, 2024, ahead of an ECB press conference on the Eurozone’s monetary policy. Kirill Kudryavtsev | Afp | Getty Images Policymakers at the European Central Bank are split […]
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CNBC Daily Open: The S&P could continue its ascent despite pausing
Hikers on layered sandstone rock formations in the Fire Wave area of Valley of Fire State Park near Overton, Nevada. Ron Buskirk | Universal Images Group | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, […]
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