RICHMOND, Virginia: U.S. Federal Reserve officials took little fresh signal from consumer price data published on Thursday as they gauge whether inflation is headed firmly enough back to the central bank’s 2% target to allow them to reduce interest rates in coming months. Overall consumer price inflation on a 12-month basis rose to 3.4% in … Read more
Consumers shop for groceries at a retail chain store in Rosemead, California, on December 12, 2023. Frederic J. Brown | AFP | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they … Read more
The 10-year U.S. Treasury yield rose above 4.06% Thursday after the latest inflation reading came in hotter than expected, pushing expectations for an interest rate cut from the Federal Reserve further out. The yield on the 10-year Treasury note rose more than 3 basis points at 4.062%. It has been hovering around the 4% mark … Read more
Vanishing Turkish Currency: 1 Turkish Lira with the Portrait of Kemal AtatürkTurkish Manuel Augusto Moreno | Moment | Getty Images The Turkish lira hit a fresh record low against the U.S. dollar on Thursday, trading at 30.005 to the greenback just before noon local time. It marks the first time that the lira has broken … Read more
Representations of cryptocurrency Bitcoin are placed on a PC motherboard in this illustration taken June 16, 2023. Dado Ruvic | Reuters This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what … Read more
Photo: Yamil Lage / AFP (Getty Images) The Cuban government has announced that it will be raising the country’s fuel prices by over 500 percent in February. Pump prices will spike from 25 Cuban pesos to 132 pesos per liter, according to the BBC. To use figures more relatable for us Americans, the prices are … Read more
A Bitcoin logo on a screen in Hong Kong, China, on Tuesday, Dec. 5, 2023. Paul Yeung | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like … Read more
Omar Marques | Lightrocket | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today Bitcoin slides after … Read more
A neon sign indicates that Bitcoin is accepted inside the venue of the Paralelni Polis project, an organization combining art, social sciences and modern technology, in Prague, Czech Republic, on Friday, Jan. 5, 2024. Milan Jaros | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC … Read more
A customer visits a supermarket in San Mateo, California, on Dec. 12, 2023. Li Jianguo | Xinhua News Agency | Getty Images Inflation is retreating from its pandemic-era highs. Economic jargon yields two similar terms — “deflation” and “disinflation” — that might describe this pullback. So, which is the U.S. experiencing? In short: Disinflation. What … Read more
