Rising oil prices reignite inflation fears
In an aerial view, the Valero Houston refinery is seen on August 28, 2023 in Houston, Texas. Brandon Bell | Getty Images This report is from today’s CNBC Daily Open, …
Inflation
Bond yield jump is not death to equities: BofA’s Savita Subramanian
The latest jump in Treasury yields is not “death to equities,” BofA Securities’ Savita Subramanian told CNBC’s “Fast Money” on Tuesday. In fact, Subramanian sees the bond move as a …
Recession indicator may be ‘broken odometer’ for economy, says expert
Westend61 | Westend61 | Getty Images Experts have been pointing to a coming downturn for the U.S. economy. The question was when. Now, however, some firms and experts are walking …
auto retail: Auto retail sales surge 9% in Aug
Vehicle registrations – a proxy for retail sales – rose 9% to 1,818,647 units last month on healthy customer demand in the run-up to the festive season. The Federation of …
Fed Governor Waller agrees the central bank can ‘proceed carefully’ on interest rates
Federal Reserve Governor Christopher Waller said Tuesday that the recent round of strong economic data will buy the central bank some time as it decides whether additional interest rate hikes …
Currency intervention only necessary ‘if we see market failures’
This picture taken on August 23, 2022 shows a view of the exterior of the headquarters of the Bank of Israel, the country’s central bank, in Kiryat Ben-Gurion in Jerusalem. …
Why did the unemployment rate and jobs rise in tandem?
A hiring sign is pictured at a McDonald’s restaurant in Garden Grove, California on July 8, 2022. Robyn Beck | Afp | Getty Images This report is from today’s CNBC …
What to know about the Goldilocks job market
Mario Tama | Getty Images 1. Job growth is slowing The U.S. economy added 187,000 jobs in August, the Labor Department said Friday. Job growth is clearly losing momentum: The …
Former White House economic advisor says more Fed hiking is coming
WASHINGTON — A former White House economist on Tuesday said he thinks the Federal Reserve will hike interest rates again amid rising inflation numbers and energy prices. “The hiking is …
Stiglitz explains how the Fed went wrong on inflation
The Federal Reserve “didn’t do their homework” and mischaracterized the spike in inflation that has plagued the U.S. economy over the last two years, according to Nobel Prize-winning economist Joseph …