U.S. economy will see ‘more things break’ in 2025 if rates stay high, strategist says
Altaf Kassam told CNBC that classic monetary policy mechanisms had "broken."
Surging inflation fears sent markets tumbling and Fed officials scrambling
The early data is in for the path of inflation during the first three months of 2024, and the news so far is not good.
Beyoncé bounce: Western boot sales jump more than 20% week over week since ‘Cowboy Carter’ launch
The iconic shoe is getting a lift from Beyoncé's latest album.
BlackRock’s Larry Fink sees Fed cutting rates twice this year but missing 2% inflation goal
The head of the world's largest money manager said it's unlikely the central bank will hit its 2% goal anytime soon.
Jamie Dimon warns that inflation, wars and Fed policy pose major threats ahead
Taken together, Dimon said the three issues pose substantial unknowns.
UK economy posts 0.1% growth in February in further sign of recession rebound
The U.K. economy fell into a recession last year but showed slight growth in January.
European Central Bank holds interest rates, gives strong signal that cuts are on the way
The euro zone's central bank held interest rates steady for a fifth straight meeting.
Wholesale prices rose 0.2% in March, less than expected
The producer price index was expected to increase 0.3% in March, according to the Dow Jones consensus estimate.