Economy

US Federal Reserve Chairman Jerome Powell holds a press conference in Washington, DC, on September 20, 2023.  Mandel Ngan | AFP | Getty Images The Federal Reserve meeting will most likely conclude Wednesday with the central bank not doing a whole lot of anything — just the way the market wants things for now. There’s

The U.S. government’s borrowing needs will decline slightly in the final three months of 2023 from the prior quarter, a potentially important development during a turbulent time for the global bond market. In a closely watched announcement Monday afternoon, the U.S. Department of the Treasury said it will be looking to borrow $776 billion, which

Mohamed Aly El-Erian, chief economic advisor for Allianz SE, during a Bloomberg Television interview in London, UK, on Monday, Sept. 25, 2023. El-Erian spoke alongside former UK Prime Minister Gordon Brown and economist Michael Spence, his co-authors for their book Permacrisis: A Plan to Fix a Fractured World. Photographer: Chris Ratcliffe/Bloomberg via Getty Images Bloomberg | Bloomberg

Kristalina Georgieva, managing director of the International Monetary Fund, at a press conference at the IMF Headquarters on April 14, 2023. Kevin Dietsch | Getty Images News | Getty Images The head of the International Monetary Fund on Wednesday dubbed the worsening Israel-Hamas conflict as another cloud on the horizon of an already gloomy economic

Commercial real estate markets in the U.S. and China are economic pain points to monitor in a higher-for-longer rate environment, said Singapore’s United Overseas Bank. But the bank remains optimistic about one key region. “The U.S. commercial real estate remains a hotspot, especially with the low occupancy rates that we have,” Lee Wai Fai, chief

The European Central Bank headquarters. Daniel Roland | Afp | Getty Images The European Central Bank ended its run of interest rate hikes on Thursday, despite new upside risks to inflation from oil markets amid the Israel-Hamas war. The key rate is set to remain at a record high of 4%, where it was brought

An intensifying bond rout is piling pressure on the global economy and creating a “tremendously dangerous” outlook for equities, the chief investment officer of Livermore Partners hedge fund said Friday. A new era of higher interest rates has caused bond yields to surge, hampering returns for investors and flipping on its head the status quo

Inflation accelerated in September but consumer spending was even stronger than expected, according to a Commerce Department report Friday. The core personal consumption expenditures price index, which the Federal Reserve uses as a key measure of inflation, increased 0.3% for the month, in line with the Dow Jones estimate and above the 0.1% level for

Northeast Dallas in Texas is the neighborhood buyers are most interested in, according to a new report. Halbergman | Istock | Getty Images Where a child grows up in the U.S. is becoming an increasingly critical component toward determining their future economic status. Research from economists at Brown University, Harvard University and the U.S. Census

In this article META GOOGL Follow your favorite stocksCREATE FREE ACCOUNT Sundar Pichai, CEO of Google Anindito Mukherjee | Bloomberg | Getty Images Alphabet’s earnings sailed past Wall Street estimates after the markets closed on Tuesday. Meta followed suit on Wednesday, solidly topping expectations. It didn’t matter. Following better-than-expected results on the top and bottom

The U.S. economy grew even faster than expected in the third quarter, buoyed by a strong consumer in spite of higher interest rates, ongoing inflation pressures, and a variety of other domestic and global headwinds. Gross domestic product, a measure of all goods and services produced in the U.S., rose at a 4.9% annualized pace

People shop along Broadway in Manhattan on July 27, 2023 in New York City. Spencer Platt | Getty Images The U.S. economy likely turned in another strong performance heading into the final part of the year, though what’s ahead could be significantly different. Gross domestic product, or the sum of all goods and services produced

MARRAKESH, MOROCCO – OCTOBER 13: Ajay Banga, President of the World Bank Group, speaks during the International Monetary Fund (IMF) meeting in Marrakesh, Morocco on October 13, 2023. (Photo by Abu Adem Muhammed/Anadolu via Getty Images) Anadolu Agency | Anadolu Agency | Getty Images The president of the World Bank on Tuesday said that it

In this article JPM Follow your favorite stocksCREATE FREE ACCOUNT Jamie Dimon, CEO of JPMorgan Chase speaking with CNBC’s Leslie Picker in Bozeman, MT on Aug. 2nd, 2023. CNBC JPMorgan Chase CEO Jamie Dimon on Tuesday warned about the dangers of locking in an outlook about the economy, particularly considering the poor recent track record

Janet Yellen, U.S. Secretary of the Treasury, participates in a global infrastructure and investment forum in New York on Sept. 21, 2023. Pool | Via Reuters The federal government wound up its fiscal year in September with a deficit just shy of $1.7 trillion, the U.S. Department of the Treasury announced Friday. Wrapping up a

Atlanta Federal Reserve President Raphael Bostic on Friday said he doesn’t envision interest rate cuts happening until well into 2024. Though he cited progress on inflation and a slowing economy, the central bank official told CNBC that there’s still a lot of work to be done before the Fed reaches its inflation goal of 2%

A board displays the exchange rates for Mexican Peso and U.S. Dollar in Mexico City, Mexico March 13, 2023. Raquel Cunha | Reuters People sending money back to Mexico this year have faced a new challenge: the “super peso.” The Mexican currency reached the strongest levels against the U.S. dollar in almost eight years over

Consumers showed surprising strength in September, boosting retail sales well above expectations despite high interest rates and worries over a weakening economy. Retail sales rose 0.7% on the month, well above the 0.3% Dow Jones estimate, according to the advance report the Commerce Department released Tuesday. Gas station sales helped propel the headline number, rising