Fed’s Waller expresses confidence that policy is in the right place to bring down inflation
He pointed out a variety of areas where progress has been made, suggesting the Fed at least won't need to hike rates further from here.
‘Funflation’ drives sporting event ticket prices up a whopping 25%
The price of attending sporting events rose 25.1% from October 2022 to October 2023, according to government data.
Geopolitical instability and a packed election calendar have strategists wary of 2024
Geopolitical risks will be the key threat to the economic outlook for 2024, as large-scale wars converge with elections across major global powers.
Ray Dalio says U.S. reaching an inflection point where the debt problem quickly gets even worse
Soaring U.S. government debt is reaching a point where it will begin creating larger problems, the hedge fund titan said Friday.
The market thinks the Fed is going to start cutting rates aggressively. Investors could be in for a letdown
Markets may be at least a tad optimistic, particularly considering the cautious approach central bank officials have taken.
Inflation was flat in October from the prior month, core CPI hits two-year low
The CPI, which measures a broad basket of commonly used goods and services, increased 3.2% from a year ago despite being unchanged for the month.
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 275 basis points in 2024, almost four times the market consensus.
Consumer spending fell in October, according to new CNBC/NRF Retail Monitor tracking card transactions
The new Retail Monitor, debuting Monday, is a joint product of CNBC and the National Retail Federation based on real card data from Affinity Solutions.