Economy

A person works on a Bowlus recreational vehicle at Bowlus’ factory in Oxnard, California, Feb. 23, 2024. Timothy Aeppel | Reuters The March nonfarm payrolls count likely will indicate hiring continuing at a solid pace, though some weakening foundations of the labor market could take greater focus when the Labor Department releases its key report

A money changer holds Turkish lira and U.S. dollar banknotes at a currency exchange office in Ankara, Turkey December 16, 2021. Cagla Gurdogan | Reuters Turkey’s annual inflation rose to 68.5% for the month of March, an increase on February’s 67.1% inflation read, according to the Turkish Statistical Institute’s report released Wednesday. The monthly rise

Two women hold an umbrella while sitting at an outdoor table of a cafe on April 01, 2024 in Rome, Italy.  Emanuele Cremaschi | Getty Images News | Getty Images Inflation in the 20-nation euro zone eased to 2.4% in March, according to flash figures published by the European Union’s statistics agency Wednesday, boosting expectations for

Flat Rock, North Carolina, parked tractor trailer billboard with now hiring, Ingles supermarket.  Jeff Greenberg | Universal Images Group | Getty Images Private sector job growth expanded in March at its fastest pace since July 2023, indicating continuing buoyance in the U.S. labor market, payrolls processing firm ADP reported Wednesday. Companies added 184,000 workers on

Lynn Curry, nurse practitioner for Huntsville Reproductive Medicine, P.C., lifts frozen embryos out of IVF cryopreservation dewar, in Madison, Alabama, U.S., March 4, 2024.  Roselle Chen | Reuters As legal battles over reproductive rights increase across the U.S., one area that could be impacted is egg freezing. In February, the Alabama state Supreme Court ruled

[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 on Friday will release the February reading for the personal consumption expenditures price index, which the Federal Reserve considers its most important inflation measure. CNBC TV will

Inflation rose in line with expectations in February, likely keeping the Federal Reserve on hold before it can start considering interest rate cuts, according to a measure the central bank considers its more important barometer. The personal consumption expenditures price index excluding food and energy increased 2.8% on a 12-month basis and was up 0.3%

Terry Vine | Getty Images Falling fertility rates are set to spark a transformational demographic shift over the next 25 years, with major implications for the global economy, according to a new study. By 2050, three-quarters of countries are forecast to fall below the population replacement birth rate of 2.1 babies per female, research published

Stubbornly high inflation could push the Federal Reserve into a more cautious stance this year regarding interest rate cuts, the central bank’s former vice chair said Friday. Richard Clarida, who served as Fed governor until January 2022 and is now a global economic advisor at asset management giant Pimco, said his former colleagues need to

The Swiss national flag hangs from the Federal Palace, Switzerland’s parliament building, in Bern, Switzerland, on Thursday, Dec. 13, 2018. The Swiss National Bank cut its inflation forecast and showed no inclination of moving off its crisis-era settings, citing the francs strength and mounting global risks. Photographer: Stefan Wermuth/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty

Christine Lagarde, president of the European Central Bank, at the ECB And Its Watchers conference in Frankfurt, Germany, on March 20, 2024.  Bloomberg | Bloomberg | Getty Images European Central Bank chief Christine Lagarde on Wednesday reiterated that policymakers will consider bringing interest rates down in June, but sketched an uncertain path beyond that. “By

A picture taken on August 14, 2018 shows the logo of Turkey’s Central Bank at the entrance of its headquarters in Ankara, Turkey. ADEM ALTAN | AFP | Getty Images Turkey’s central bank is opting for a different monetary tightening method as it grapples with climbing inflation, after previously signaling that its rate-hiking cycle was

The European Central Bank must take its time to get interest rate cuts right and will have a clearer picture of inflationary pressures in June, the institution’s chief economist told CNBC. “A lot of evidence is accumulating, but what’s also fair to say is that the transition from this holding phase, we’ve been on hold

Gas prices are displayed at a gas station on March 12, 2024 in Chicago, Illinois.  Scott Olson | Getty Images From consumer and wholesale prices to longer-term public expectations, reports this week served up multiple reminders this week that inflation isn’t going away anytime soon. Data across the board showed pressures increasing at a faster-than-expected

 A customer shops for food at a grocery store on March 12, 2024 in San Rafael, California.  Justin Sullivan | Getty Images News | Getty Images Wholesale prices accelerated at a faster than expected pace in February, another reminder that inflation remains a troublesome issue for the U.S. economy. The producer price index, which measures

Customers shop at a Costco store on August 31, 2023 in Novato, California. According to a report by the Commerce Department, consumer spending rose 0.8% in July beating expectations of 0.7%. (Photo by Justin Sullivan/Getty Images) Justin Sullivan | Getty Images News | Getty Images Consumers increasingly doubt the Federal Reserve can achieve its inflation

LONDON — U.K. gross domestic product grew 0.2% in January, the Office for National Statistics said Wednesday, as construction output jumped more than expected. The headline figure was in line with the forecast from economists polled by Reuters. It follows a 0.1% contraction in December, while the U.K. economy entered a shallow recession in the

People shop at the Macy’s store on Herald Square on January 19, 2024 in New York City.  Michael M. Santiago | Getty Images News | Getty Images Consumer spending bounced back in February from a January dip, with a little help from leap day. But sales still registered good gains even after correcting for that