Austan Goolsbee speaking at Jackson Hole on August 23, 2024. David A. Grogan | CNBC Federal Reserve officials take great pains not to comment on fiscal policy, but the looming threat from tariffs is forcing their hand. In recent days, multiple central bank policymakers not only have noted the uncertainty surrounding President Donald Trump’s desire to…
An aerial view shows stored containers at the Balboa Port, operated by Panama Ports Company, as U.S. President Donald Trump plans to regain control of the Canal, in Panama City, Panama, February 1, 2025. Enea Lebrun | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors…
Inflation closed out 2024 on a strong note, as a price gauge the Federal Reserve focuses on came in well above the central bank’s target. The personal consumption expenditures price index increased 2.6% on a year-over-year basis in December, 0.2 percentage point higher than the November reading and in line with the Dow Jones estimate….
Customers waiting at the checkout in a supermarket. Markus Scholz | Picture Alliance | Getty Images German inflation was unchanged year-on-year at 2.8% in January, preliminary data from the country’s statistics office Destatis showed Friday in the last reading before Germans head to the polls next month. The reading was also in line with a…
The Federal Reserve held its key interest rate in check Wednesday, reversing a recent trend of easing policy as it examines what is likely to be a bumpy political and economic landscape ahead. In a widely anticipated move, the central bank’s Federal Open Market Committee left unchanged its overnight borrowing rate in a range between…
The European Central Bank is “not overly concerned” by the impact of inflation abroad on the euro zone, the institution’s President Christine Lagarde told CNBC Wednesday. Asked about the potential effect on Europe if inflation resurges in the U.S., Lagarde said: “If there is reigniting of inflation in the United States it will be an…
Inflation driven by tariffs is among the biggest market risks in 2025, Nicolai Tangen, head of the world’s biggest sovereign wealth fund, said Tuesday. “I don’t think I should give any advice to the U.S., but if you look at the risk to financial markets, I think inflation is for sure one, all driven by…
Prices that consumers pay for a variety of goods and services rose again in December but closed out 2024 with some mildly better news on inflation, particularly on housing. The consumer price index increased a seasonally adjusted 0.4% on the month, putting the 12-month inflation rate at 2.9%, the Bureau of Labor Statistics reported Wednesday….
LONDON — U.K. inflation fell to a lower-than-expected 2.5% in December, with core price growth slowing further, according to data released by the Office for National Statistics on Wednesday. The consumer price index (CPI) rose to 2.6% in November, with economists polled by Reuters expecting the December reading to stay unchanged. Core inflation, which excludes more volatile…
Jonathan Raa | Nurphoto | Getty Images Bitcoin bounced on Tuesday, rising with other risk assets as traders digested a light inflation reading. On Tuesday the price of the flagship cryptocurrency rose 4% to $96,781.15, according to Coin Metrics, after sliding below the $90,000 support level to start the week. The broader crypto market, as…
