<![CDATA[CNBC - Economy]]> Follow CNBC - Economy, filter it, and define how you want to receive the news (via Email, RSS, Telegram, WhatsApp etc.) https://follow.it/cnbc-d-economy Mon, 27 Jun 2022 19:16:37 +0200 <![CDATA[U.S. recession isn't 'inevitable,' but inflation is 'unacceptably high,' Treasury Secretary Yellen says]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovmZBwJkeQNPN-zdsCmHakzH Talk of a recession has accelerated this year as inflation remains high and the Federal Reserve takes aggressive steps to counter.]]> Sun, 19 Jun 2022 17:11:10 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovmZBwJkeQNPN-zdsCmHakzH <![CDATA[Inflation and recession fears are squeezing some industries more than others]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovmZBwJkeQNPN3n9ye8UNv30 Inflation has been pushing prices higher, and shoppers are feeling the pressure as they pay more for goods like groceries and gas.]]> Sun, 19 Jun 2022 14:00:01 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovmZBwJkeQNPN3n9ye8UNv30 <![CDATA[Here are the three things the Fed has done wrong, and what it still isn't getting right]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovmZBwJkeQNPN6CY3L745TL_ The Federal Reserve suddenly finds itself second-guessed as it tries to navigate the economy through inflation and away from recession.]]> Sat, 18 Jun 2022 16:08:44 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovmZBwJkeQNPN6CY3L745TL_ <![CDATA[Fed promises 'unconditional' approach to taking down inflation in report to Congress]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovnmsrGYlulLXSejEQ2Mq9rY Federal Reserve officials rolled out strong language Friday to describe their approach to inflation, promising a full-fledged effort to restore price stability.]]> Fri, 17 Jun 2022 20:23:56 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovnmsrGYlulLXSejEQ2Mq9rY <![CDATA[Powell vows that the Fed is 'acutely focused' on bringing down inflation]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovm8zEKCkE2Qi5s0ohxaO6Yr Federal Reserve Chairman Jerome Powell on Friday reiterated the central bank's commitment to bringing down inflation.]]> Fri, 17 Jun 2022 16:06:38 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovm8zEKCkE2Qi5s0ohxaO6Yr <![CDATA[Everyone knows inflation is on fire. This is what's really fueling it]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovm8zEKCkE2Qi-zdsCmHakzH The three biggest inputs for the consumer price index, the most widely followed measure of inflation, are food, energy and shelter.]]> Thu, 16 Jun 2022 23:27:37 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovm8zEKCkE2Qi-zdsCmHakzH <![CDATA[A day after Powell's assurances about the economy, markets are worried that 'the Fed breaks something']]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovm8zEKCkE2Qi8b1naedg1wr The trouble is, the Fed's likely to get a recession anyway as data shows the economy is a far cry from stable.]]> Thu, 16 Jun 2022 22:52:09 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovm8zEKCkE2Qi8b1naedg1wr <![CDATA[Powell says the Fed could hike rates by 0.75 percentage point again in July]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovkfuCaS_KL_bnn9ye8UNv30 Powell says the Fed could hike rates by 0.75 percentage point again in July]]> Wed, 15 Jun 2022 20:50:55 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovkfuCaS_KL_bnn9ye8UNv30 <![CDATA[Here's what the Federal Reserve's 0.75 percentage point rate hike — the highest in 28 years — means for you]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovkfuCaS_KL_bqCY3L745TL_ The Fed announced its highest rate hike in 28 years to fight inflation. Here's how that impacts your credit card, mortgage, car loan, student debt and savings.]]> Wed, 15 Jun 2022 20:46:11 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovkfuCaS_KL_bqCY3L745TL_ <![CDATA[Fed hikes its benchmark interest rate by 0.75 percentage point, the biggest increase since 1994]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovkflRItO_FsXSlmFkX7M1Jw The Federal Open Market Committee released its decision on interest rates Wednesday, with markets expecting a three-quarter point hike.]]> Wed, 15 Jun 2022 20:13:56 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovkflRItO_FsXSlmFkX7M1Jw <![CDATA[The Federal Reserve looks set to hike interest rates today. How raising rates may help slow inflation]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovkflRItO_FsXeT5HJgy6HUf Consumers may not be looking forward to higher interest rates while they're paying more for necessities. Here's how raising rates helps inflation.]]> Wed, 15 Jun 2022 19:48:17 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovkflRItO_FsXeT5HJgy6HUf <![CDATA[Homebuilder sentiment drops to lowest level in two years as housing demand slows]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovl1duSrg0HkQXn9ye8UNv30 Builder sentiment is getting hit by higher interest rates, which are causing a slowdown in housing demand.]]> Wed, 15 Jun 2022 16:00:01 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovl1duSrg0HkQXn9ye8UNv30 <![CDATA[The risk of recession is growing. Here's why recessions may be inevitable]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovmd-iC9DyvQdClmFkX7M1Jw Experts argue that monetary policies have limits on what they can achieve against an impending recession.]]> Wed, 15 Jun 2022 15:39:05 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovmd-iC9DyvQdClmFkX7M1Jw <![CDATA[Retail sales posted unexpected 0.3% decline in May as inflation hammers consumers]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovmd-iC9DyvQdCejEQ2Mq9rY Advance retail and food service spending fell 0.3% for the month, below the Dow Jones estimate for a 0.1% gain.]]> Wed, 15 Jun 2022 15:28:11 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovmd-iC9DyvQdCejEQ2Mq9rY <![CDATA[Mortgage demand is now roughly half of what it was a year ago, as interest rates move even higher]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovkTYq2qmRtao5s0ohxaO6Yr Sharply rising interest rates are decimating refinance volume, and those rates, along with sky-high home prices, are hitting demand from buyers.]]> Wed, 15 Jun 2022 14:21:52 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovkTYq2qmRtao5s0ohxaO6Yr <![CDATA[Here's everything the Fed is expected to announce, including the biggest rate hike in 28 years]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovkTYq2qmRtao-T5HJgy6HUf The Federal Reserve on Wednesday is expected to do something it hasn't done in 28 years — increase interest rates by three quarters of a percentage points.]]> Wed, 15 Jun 2022 14:07:53 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovkTYq2qmRtao-T5HJgy6HUf <![CDATA[Fed likely to boost interest rates by three-quarters of a point this week]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovmVwbYKKitBCMb1naedg1wr Markets are beginning to anticipate an even faster pace of rate hikes, and Fed officials apparently will satisfy growing expectations.]]> Tue, 14 Jun 2022 20:42:33 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovmVwbYKKitBCMb1naedg1wr <![CDATA[Wholesale prices rose 10.8% in May, near a record annual pace]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovmVwbYKKitBCOT5HJgy6HUf Wholesale prices rose at a brisk pace in May as inflation pressures mounted on the U.S. economy, the Bureau of Labor Statistics reported.]]> Tue, 14 Jun 2022 16:09:51 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovmVwbYKKitBCOT5HJgy6HUf <![CDATA[Expectations for inflation and spending hit record levels in May, New York Fed survey shows]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovnJxpGK2bKr5qCY3L745TL_ Consumer expectations for inflation and spending in the year ahead both hit record levels in May, the New York Federal Reserve reported Monday.]]> Mon, 13 Jun 2022 17:00:01 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovnJxpGK2bKr5qCY3L745TL_ <![CDATA[Strong inflation, anxious consumers add up to more worries that recession has already arrived]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovnycBV_Wl-JFZs0ohxaO6Yr The case that a recession is looming over the U.S. got stronger Friday amid blistering inflation and historic lows in consumer sentiment.]]> Sat, 11 Jun 2022 06:30:05 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovnycBV_Wl-JFZs0ohxaO6Yr