DUBAI, UNITED ARAB EMIRATES – DECEMBER 04: Blackrock CEO Larry Fink speaks at a panel titled “Financing the New Climate Economy,” where he described the urgent need for a “new financial landscape” to finance investments in the climate economy global energy transition on the fifth day of the UNFCCC COP28 climate change conference at Expo…
Traders work on the floor of the New York Stock Exchange during afternoon trading on April 9, 2024 in New York City. Michael M. Santiago | Getty Images As recently as January, investors had high hopes that the Federal Reserve was about to launch a rate-cutting campaign that would reverse some of the most aggressive…
Gasoline prices are displayed at a gas station in Chicago, Illinois on March 12, 2024. Scott Olson | Getty Images A closely watched report from the Labor Department expected on Wednesday is expected to show that little progress is being made in the fight against inflation. If so, that would be bad news for consumers,…
A man checks the label on a jar of vitamins at a Costco wholesale store on April 3, 2024 in Colchester, Vermont. Robert Nickelsberg | Getty Images Small business confidence hit its lowest level in more than 11 years in March as owners feared inflation was still a major problem. At a time when other…
Agency emails show that the Bureau of Labor Statistics has shared more information about inflation with Wall Street’s “superusers” than was previously disclosed. The revelation is likely to prompt further scrutiny of how the government shares economic data at a time when such information is of great interest to investors. An economist at the agency…
Two women hold an umbrella while sitting at an outdoor table of a cafe on April 1, 2024 in Rome, Italy. Emanuele Cremaschi | Getty Images News | Getty Images Inflation in the 20-nation euro zone fell to 2.4% in March, according to flash figures released on Wednesday by the European Union statistics agency, raising…
Federal Reserve Chairman Jerome H. Powell reiterated Wednesday that the central bank can take its time before cutting interest rates as inflation eases and economic growth continues. The central bank chief also used a speech he was scheduled to give at Stanford to emphasize the Fed’s independence from politics, a relevant message at a time…
A money changer holds Turkish lira and U.S. dollar banknotes at an exchange office in Ankara, Turkey, December 16, 2021. Cagla Gurdogan | Reuters Turkey’s annual inflation rate rose to 68.5% in March, up from the 67.1% inflation rate in February, according to the Turkish Statistics Institute report released on Wednesday. The monthly increase in…
The latest reading of the Federal Reserve’s most popular inflation gauge was in line with economists’ expectations, as price increases remained above the central bank’s target even after months of slowdown. The inflation measure of personal consumption expenditures rose 2.5 percent in February from a year earlier, according to a report released Friday by the…
[The stream is slated to start at 8:15 a.m. ET. Please refresh the page if you do not see a player above at that time.] The Commerce Department will release on Friday the February reading for the consumer spending price index, which the Federal Reserve considers its main measure of inflation. CNBC TV will offer…
