Chicago Federal Reserve President Austan Goolsbee said Tuesday a soft landing is still on the table […]
December 2023
Consumer spending fell in October, according to new CNBC/NRF Retail Monitor tracking card transactions
The consumer took a spending break ahead of the holiday season, with October retail sales, […]
UBS sees a raft of Fed rate cuts next year on the back of a U.S. recession
UBS expects the U.S. Federal Reserve to cut interest rates by as much as 275 basis points […]
Inflation was flat in October from the prior month, core CPI hits two-year low
Inflation was flat in October from the previous month, providing a hopeful sign that stubbornly […]
Wholesale prices fell 0.5% in October for biggest monthly drop since April 2020
Wholesale prices in October posted their biggest decline in 3½ years, providing another indication that […]
The market thinks the Fed is going to start cutting rates aggressively. Investors could be in for a letdown
Markets seem to have taken this week’s positive economic data as the all-clear signal for […]
Wholesale prices held flat in November, providing another encouraging inflation signal
Wholesale prices were flat in November, providing a leading indicator that inflation is easing, the Labor […]
Fed lowers inflation forecast for 2024, seeing core PCE falling to 2.4%
The Federal Reserve dialed back its inflation projections on Wednesday, seeing its favorite gauge falling […]
Retail sales rose 0.3% in November vs. expectations for a decline
Consumers showed unexpected strength in November, giving a solid start to the holiday season as […]
UK and Switzerland sign post-Brexit financial services deal
LONDON — The U.K. and Switzerland on Thursday signed a post-Brexit financial services deal designed […]