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Breaking News: Economy

Fed Governor Waller backs interest rate cut at September meeting, open to larger move

Christopher Waller, governor of the US Federal Reserve, during a Fed Listens event in Washington, DC, US, on Friday, March 22, 2024. A trio...

Treasury yields fall after weak jobs report

Treasury yields fell Friday after August's nonfarm payrolls report showed an easing labor market, fueling concerns of an economic slowdown.The yield on the 10-year...

Friday’s jobs report for August is going to be huge. Here’s what to expect

Andreypopov | Istock | Getty ImagesWall Street is gearing up for one of the most important economic releases of the year Friday, when the...

Weak manufacturing measures raise specter of U.S. economic slowdown

Workers assemble second-generation R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | ReutersU.S. factories...

Nationwide strikes erupt in Israel as hostage deaths kindle pressure for cease-fire deal

Demonstrators lift flags and placards during a protest calling for the release of Israelis held hostage by Palestinian militants in Gaza since October, in...

Fed Chair Powell indicates interest rate cuts ahead: ‘The time has come for policy to adjust’

Federal Reserve Chair Jerome Powell laid the groundwork Friday for interest rate cuts ahead, though he declined to provide exact indications on timing or...

Here’s everything to expect from Fed Chair Powell’s speech Friday in Jackson Hole

U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy...

Nonfarm payroll growth revised down by 818,000, Labor Department says

The U.S. economy created 818,000 fewer jobs than originally reported in the 12-month period through March 2024, the Labor Department reported Wednesday.As part of...

Annual inflation rate slows to 2.9% in July, lowest since 2021

Inflation rose as expected in July, driven by higher housing-related costs, according to a Labor Department report Wednesday that is likely to keep an...

CNBC Daily Open: Dow sheds 1,000 points, Japan stocks rebound

A trader works on the floor of the New York Stock Exchange.NYSEThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC...

Job growth totals 114,000 in July, much less than expected, as unemployment rate rises to 4.3%

Job growth in the U.S. slowed much more than expected during July and the unemployment rate ticked higher, fueling fears of a broader economic...

Fed holds rates steady and notes progress on inflation

WASHINGTON – Federal Reserve officials on Wednesday held short-term interest rates steady but indicated that inflation is getting closer to its target, which could...

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