New York CNN — The Federal Reserve and its chairman, Jerome Powell, are facing a legacy-defining moment as their two-day monetary policy meeting concludes on Wednesday. The mission? Slay the inflation dragon without singeing the banking system. Among the choices, the Fed could continue its aggressive rate-hike campaign to cool inflation that is running at […]
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — With just a few days to go until the Federal Reserve’s next interest rate […]
New York CNN — A key measure of inflation fell dramatically in February, according to the latest Producer Price Index, which tracks what America’s producers get paid for their goods and services. Producer price increases slowed to an annual pace of 4.6% last month, significantly lower than the downwardly revised 5.7% in January, the Labor […]
Minneapolis CNN — The US economy added 311,000 jobs in February, according to the latest monthly employment snapshot from the Bureau of Labor Statistics released Friday. That’s a pullback from the blockbuster January jobs report, when a revised 504,000 positions were added, but shows the labor market is still emitting plenty of heat. The unemployment […]
New York CNN — The US economy has been remarkably resilient, defying a year’s-worth of recession calls. From the labor market to consumer spending to inflation, key readings on the economy have been running hot. Incredibly, despite a war in Ukraine, labor shortages in the US, biting inflation for consumers, a looming debt-ceiling showdown and […]
London CNN — Inflation in Europe fell again in February, though not as sharply as expected, and national data showed accelerating price rises in many of the region’s top economies. Annual inflation across the 20 countries that use the euro dipped to 8.5%, from 8.6% the previous month, according to an initial estimate released by […]
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — Everyone seems to be in a bit of a debt bind at the moment: […]
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. New York CNN — Many people don’t have the time or inclination to do deep research on stocks. It’s often easier to buy an exchange-traded fund that owns a basket of the top […]
Sydney Reuters — Australia’s central bank raised its cash rate by 25 basis points to a decade-high of 3.35% on Tuesday and reiterated that further increases would be needed, in a more hawkish policy tilt than many had expected. Wrapping up its February policy meeting, the Reserve Bank of Australia (RBA) also dropped previous guidance […]
New York CNN — After a shocking jobs report, Larry Summers, treasury secretary under Bill Clinton, said he is more encouraged the Fed can pull off a soft landing, but cautioned it is a “big mistake” to think the economy is “out of the woods” on Fareed Zakaria GPS Sunday. Friday’s job’s report saw an […]