U.S. Federal Reserve Chair Jerome Powell delivers remarks during a press conference following the announcement that the Federal Reserve left interest rates unchanged, in Washington, U.S., June 12, 2024. Evelyn Hockstein | Reuters The U.S. Federal Reserve and European Central Bank could move to cut interest rates in September as key data provides further signs … Read more
Traders work on the floor of the New York Stock Exchange during afternoon trading on Jan. 17, 2024 in New York City. Michael M. Santiago | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they … Read more
Miodrag Ignjatovic | E+ | Getty Images Americans firing up their grills for Fourth of July celebrations will likely pay more for some traditional barbecue staples this year. That’s largely due to inflationary pressures in the U.S. economy and supply shocks related to specific foods such as beef and lemons, according to agricultural economists. The … Read more
A trader works on the floor of the New York Stock Exchange (NYSE) during morning trading on March 4, 2024 in New York City. Angela Weiss | Afp | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need … Read more
SINGAPORE: Asian stocks were headed for a fifth straight month of gains on Friday, bolstered by the growing view that cooling inflation in the United States would allow the Federal Reserve to ease rates later this year. Friday is packed with risk events for markets after a relatively subdued rest of the week, with U.S. … Read more
People purchase beverages in a store on a sweltering afternoon in Brooklyn, New York, on the first day of summer on June 21, 2024. Spencer Platt | Getty Images There could be some pretty good inflation news on the way from the Commerce Department when it releases a key economic report Friday. The personal consumption … Read more
(NewsNation) — Americans are increasingly worried about making ends meet and even high earners are feeling the pinch, according to a new survey from the Federal Reserve Bank of Philadelphia. Overall, 35% of consumers said they are concerned about making ends meet in the next six months, up from 29% a year ago. Over the … Read more
(NewsNation) — General Mills announced Wednesday it is increasing its coupon spend by greater than 20% in the first half of the 2025 fiscal year. CEO Jeff Harmening discussed the changes during a 2024 fourth-quarter call. This move is in lockstep with other food companies, such as McDonald’s, which are looking to provide greater value to … Read more
Sweden’s Riksbank on Thursday said it may cut interest rates up to three more times this year — as the central bank’s governor, Erik Thedéen, warned it must proceed with caution. “Two or three cuts is a forecast, it’s not a promise, and we will adapt monetary policy according to incoming information,” Thedéen told CNBC’s … Read more
Tourists walk through a park in Chicago, on May 26, 2024. Jamie Kelter Davis/Bloomberg via Getty Images Many major U.S. cities have seen apartment prices soar in the past year, even as the typical American has seen pandemic-era rent inflation cool substantially. For example, renters in Syracuse, New York, saw monthly rents for one- and … Read more
