<![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 Thu, 30 Mar 2023 22:32:32 +0200 <![CDATA[Jobless claims edge up to 198,000, higher than expected]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovlB80bqv0D01V1cWWor9YPv Jobless claims edge up to 198,000, higher than expected]]> Thu, 30 Mar 2023 14:35:22 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovlB80bqv0D01V1cWWor9YPv <![CDATA[BlackRock warns that investors are making a mistake by betting on the Fed to cut rates]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovl8R7SyrkvpfSlmFkX7M1Jw The expectation for cuts would be consistent with a recession and an accompanying fall in inflation.]]> Tue, 28 Mar 2023 16:13:41 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovl8R7SyrkvpfSlmFkX7M1Jw <![CDATA[Fed poised to approve quarter-point rate hike next week, despite market turmoil]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovk0MhtV7H27jcb1naedg1wr Chairman Jerome Powell and his fellow central bankers will want to signal that it's important to continue the fight to bring down inflation.]]> Fri, 17 Mar 2023 19:55:21 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovk0MhtV7H27jcb1naedg1wr <![CDATA[One year after the first rate hike, the Fed stands at policy crossroads]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovkacd88rgfjnSlmFkX7M1Jw The Fed in some ways is both closer and further away from its goals when it first started raising rates.]]> Thu, 16 Mar 2023 21:56:23 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovkacd88rgfjnSlmFkX7M1Jw <![CDATA[European Central Bank hikes rates despite market mayhem, pledges support if needed]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovl-Ibyfw802S6CY3L745TL_ Some market players questioned whether President Christine Lagarde would proceed with a hike, given recent shocks in the banking sector.]]> Thu, 16 Mar 2023 15:31:37 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovl-Ibyfw802S6CY3L745TL_ <![CDATA[Long-awaited Fed digital payment system to launch in July]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovk_fd3KI_EkE5s0ohxaO6Yr FedNow creates "a leading-edge payments system that is resilient, adaptive, and accessible," said Richmond Fed President Tom Barkin.]]> Wed, 15 Mar 2023 23:00:00 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovk_fd3KI_EkE5s0ohxaO6Yr <![CDATA[Goldman Sachs cuts GDP forecast because of stress on small banks, which are key to U.S. economy]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovlF9uBdSvCxVJVjH6qdYdAk Goldman on Wednesday lowered its 2023 economic growth forecast, citing a pullback in lending from small- and medium-sized banks.]]> Wed, 15 Mar 2023 19:15:17 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovlF9uBdSvCxVJVjH6qdYdAk <![CDATA[One of the best ways to figure out what the Fed will do next is to look at regional bank stocks]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovnn1UypzKmak-T5HJgy6HUf Markets have changed their mind — again — about what they think the Federal Reserve will do next week regarding interest rates.]]> Wed, 15 Mar 2023 17:44:12 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovnn1UypzKmak-T5HJgy6HUf <![CDATA[Wholesale prices post unexpected decline of 0.1% in February; retail sales fall]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovmImxc-JkTGoHn9ye8UNv30 The producer price index was expected to increase 0.3% in February, according to Dow Jones estimates.]]> Wed, 15 Mar 2023 14:42:13 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovmImxc-JkTGoHn9ye8UNv30 <![CDATA[Moody's Analytics' Mark Zandi says Fed unlikely to hike rates in March given banking turmoil]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovkVEdUmv1jPinn9ye8UNv30 The Federal Reserve will likely not raise interest rates at its March meeting as there is still a "boatload of uncertainty" said Mark Zandi of Moody's Analytics. ]]> Wed, 15 Mar 2023 10:06:20 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovkVEdUmv1jPinn9ye8UNv30 <![CDATA[Inflation gauge increased 0.4% in February, as expected and up 6% from a year ago]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovknu-yPA173S-T5HJgy6HUf Excluding volatile food and energy prices, core CPI increased 0.5% in February and 5.5% on a 12-month basis.]]> Tue, 14 Mar 2023 15:07:02 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovknu-yPA173S-T5HJgy6HUf <![CDATA[Something broke, but the Fed is still expected to go through with rate hikes]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovkelWf8qAzuSCejEQ2Mq9rY Markets still expect the Fed to keep up its inflation-fighting efforts, despite high-profile bank failures that have rattled the financial system.]]> Mon, 13 Mar 2023 19:58:39 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovkelWf8qAzuSCejEQ2Mq9rY <![CDATA[Just like that: Market pricing swings back to quarter-point Fed rate hike]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovnBm8AF5cQI0yejEQ2Mq9rY One bank implosion and a cooperative jobs report later, and the market has changed its mind.]]> Fri, 10 Mar 2023 20:09:16 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovnBm8AF5cQI0yejEQ2Mq9rY <![CDATA[Unemployment for Black and Hispanic women rose in February, but more workers join the labor force]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovnJJaKTx32ii8b1naedg1wr Black women saw their unemployment rate jump to 5.1% from 4.7%. Among Hispanic women, it jumped to 4.8% from 4.4%.]]> Fri, 10 Mar 2023 18:56:38 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovnJJaKTx32ii8b1naedg1wr <![CDATA[Here's where the jobs are for February 2023 — in one chart]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovmJ6M4RQjMoPJs0ohxaO6Yr The leisure and hospitality sector added 105,000 jobs last month, according to the Labor Department, accounting for roughly a third of the total jobs gain.]]> Fri, 10 Mar 2023 17:28:37 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovmJ6M4RQjMoPJs0ohxaO6Yr <![CDATA[Payrolls rose 311,000 in February, more than expected, as jobs growth stays hot]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovkep1DIML_asSejEQ2Mq9rY Nonfarm payrolls were expected to increase by 225,000 in February, while the unemployment rate was projected to hold at 3.4%, according to Dow Jones.]]> Fri, 10 Mar 2023 15:34:18 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovkep1DIML_asSejEQ2Mq9rY <![CDATA[UK economy rebounds with stronger-than-expected January GDP print]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovlDYH2Wq77xMuT5HJgy6HUf The U.K. economy grew by 0.3% in January, official figures showed on Friday, exceeding expectations as it continues to fend off what economists see as an inevitable recession.]]> Fri, 10 Mar 2023 09:17:09 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovlDYH2Wq77xMuT5HJgy6HUf <![CDATA[Job openings declined in January but still far outnumber available workers]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovkVzKHrTnKhHiejEQ2Mq9rY The Labor Department's Job Openings and Labor Turnover Survey showed there are 10.824 million openings, down some 410,000 from December.]]> Wed, 08 Mar 2023 17:34:27 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovkVzKHrTnKhHiejEQ2Mq9rY <![CDATA[Private payrolls rose by 242,000 in February, better than expected, ADP says]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovk4-l_a3KJ26SejEQ2Mq9rY Companies added jobs at a brisk pace in February as the labor market kept humming, payroll services firm ADP reported Wednesday.]]> Wed, 08 Mar 2023 15:22:17 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovk4-l_a3KJ26SejEQ2Mq9rY <![CDATA[How China's shifting growth picture could hit global markets]]> https://api.follow.it/track-rss-story-click/v3/LyALXzDuovnT6Dz7gwcr76CY3L745TL_ China's economy will be forced to recalibrate because of a "fractured" global order, and the new drivers of growth will "disappoint" global markets, according to David Roche.]]> Tue, 07 Mar 2023 11:54:14 +0200 https://api.follow.it/track-rss-story-click/v3/LyALXzDuovnT6Dz7gwcr76CY3L745TL_