Why the Fed may not cut in September
Jerome Powell, chairman of the US Federal Reserve, during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, DC, US, on Tuesday, July 9, 2024. Bloomberg | Bloomberg …
Inflation
JPMorgan’s Jamie Dimon warns inflation and interest rates may stay higher
Jamie Dimon, President & CEO,Chairman & CEO JPMorgan Chase, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | …
Economists say Trump would reheat inflation more than Biden: WSJ
A majority of economists surveyed by The Wall Street Journal said former President Donald Trump’s policies would be more likely to reignite inflation than President Joe Biden’s would. Of the …
Wholesale prices rose 0.2% in June, slightly hotter than expected
A measure of wholesale prices rose more than expected in June as Wall Street assesses when the Federal Reserve will feel comfortable cutting interest rates. The producer price index climbed …
Here’s the deflation breakdown for June 2024 — in one chart
Inflation has throttled back significantly since peaking two years ago. The U.S. economy is even seeing some prices deflate for consumers. Deflation measures how quickly prices are falling for a …
S&P retreats, yen surges, Tesla sinks
Traders work on the floor of the New York Stock Exchange. NYSE This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up …
Biden touts cooling inflation, slams Trump tariffs at press conference
President Joe Biden on Thursday trumpeted the latest inflation report in the opening remarks of his highly anticipated solo press conference in Washington. “Just this morning, we had a great …
The Nasdaq looks ugly, giving many stocks in the broader market their time in the sun
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market …
U.S. Treasurys react to June consumer inflation data
U.S. Treasury yields tumbled Thursday after the latest inflation data showed a dip last month, suggesting the Federal Reserve could start to lower interest rates this year. The yield on …
S&P retreats, yen surges, Tesla sinks
Traders work on the floor at the New York Stock Exchange on Oct. 27, 2023. Brendan Mcdermid | Reuters This report is from today’s CNBC Daily Open, our international markets …