Prices
Germany was billed as Europe’s growth driver. Now economists are saying: Not so fast
German Chancellor Friedrich Merz addresses the Bundestag during a debate over the 2025 federal budget on September 17, 2025 in Berlin, Germany. Nadja Wohlleben | Getty Images News | Getty Images Huge investment pledges and major fiscal changes had bolstered hopes that Germany could give the euro zone economy a much-needed boost, but economists are […]
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Fed approves quarter-point interest rate cut and sees two more coming this year
watch now VIDEO2:2202:22 Fed lowers rates by a quarter point The Exchange WASHINGTON – The Federal Reserve on Wednesday approved a widely anticipated rate cut and signaled that two more are on the way before the end of the year as concerns intensified over the U.S. labor market even as inflation is still in the […]
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Trump pick Stephen Miran confirmed to Federal Reserve Board; will also keep White House job
Stephen Miran, chairman of the Council of Economic Advisers, following a television interview outside the White House in Washington, DC, US, on Tuesday, June 17, 2025. Aaron Schwartz | Bloomberg | Getty Images The Senate on Monday confirmed President Donald Trump’s pick to join the Federal Reserve, Stephen Miran, just one day before the central […]
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Fed forecasts only one rate cut in 2026, a more conservative outlook than expected
Federal Reserve Chairman Jerome Powell talks to reporters following the regular Federal Open Market Committee meetings at the Fed on July 30, 2025 in Washington, DC. Chip Somodevilla | Getty Images The Federal Reserve is projecting only one rate cut in 2026, less than expected, according to its median projection. The central bank’s so-called dot […]
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Trump tariffs are fueling inflation, congressional budget chief says
Congressional Budget Office director Phillip Swagel said Monday that President Donald Trump’s tariffs appear to have pushed inflation up higher than CBO analysts had initially expected. His views differ from those of Wall Street analysts, many of whom have been bracing for tariff-driven price hikes, but have yet to see them in materialize. Speaking on CNBC’s […]
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U.S. economy expanded 3.3% in Q2, with growth even stronger than initially thought
A shopper holds Macy’s bags outside the company’s flagship store in the Herald Square neighborhood of New York, July 15, 2025. Alan Chin | Bloomberg | Getty Images The U.S. economy grew at a pace that was faster than expected in the second quarter as consumers and businesses held up against tariff volatility. Gross domestic […]
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CNBC’s UK Exchange newsletter: Why Britain’s fiscal watchdog is under pressure to reform
Shoppers spend on Oxford Street beneath union jack flags in London’s West End, on April 3. Richard Baker | In Pictures | Getty Images This report is from this week’s CNBC’s UK Exchange newsletter. Each Wednesday, Ian King brings you expert insights on the most important business stories from the U.K. and other key developments […]
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Putin acts like he doesn’t care about peace. Russia’s economy could depend on it
In this pool photograph distributed by the Russian state agency Sputnik, Russia’s President Vladimir Putin meets with German Gref, the CEO of Russia’s largest Sberbank, in Moscow on July 29, 2025. Mikhail Metzel | Afp | Getty Images Russia’s beleaguered economy, with its slowing growth and widening budget deficit, could be one push-factor when it […]
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CNBC Daily Open: Expectations of Jerome’s rate cuts weren’t built in a day
A glimpse of a shadow of a suggestion that the Fed might start lowering interest rates again was enough to send U.S. stocks surging and Treasury yields falling. Source
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CNBC Daily Open: All roads lead to Jerome Powell
Federal Reserve Chairman Jerome Powell is seen walking in Grand Teton National Park near Jackson Hole, Wyoming, on August 22, 2025. Natalie Behring | Getty Images News | Getty Images Since inflation in America peaked at 9.1% in June 2022, the U.S. Federal Reserve has made controlling price increases — by keeping interest rates high […]
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