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cnbc.com

Monday, May 6

18

Renters' hopes of being able to buy a home have fallen to a record low, New York Fed survey shows

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The share of renters who believe that they one day will be able to afford a home, fell to a record low 13.4%.

Friday, May 3

Immigrant workers are helping boost the U.S. labor market

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The government predicts that the influx of immigrant workers will grow gross domestic product over the next decade by $7 trillion.

Jobless rates rise in April for all racial groups except Black Americans

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The unemployment rate for Black Americans slid in April, bucking the trend in other demographic groups.

16

U.S. job growth totaled 175,000 in April, much less than expected, while unemployment rose to 3.9%

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Markets had expected job growth of 240,000 and the unemployment rate to hold at 3.8%.

11

Turkey's inflation accelerates to nearly 70% in April

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Turkey's inflation accelerated to 69.8% annually for the month of April, the Turkish Statistical Institute reported Friday.

Thursday, May 2

23

Here's what to expect from the April jobs report on Friday

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The Bureau of Labor Statistics report drops at 8:30 a.m. ET.

16

UK to suffer slowest growth of all rich nations next year, OECD says

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The U.K.'s "sluggish" growth prospects have put it on course to be the worst-performing economy of all advanced nations next year, according to the OECD.

Wednesday, May 1

17

Here's everything to expect from the Fed meeting that will move markets on Wednesday

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Markets are anticipating a near-zero chance that the policy-setting arm of the central bank will announce any change to interest rates.

16

BlackRock is opening a Saudi investment firm with initial $5 billion from PIF

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The new platform will be called BlackRock Riyadh Investment Management, or BRIM.

15

Private payrolls increased by 192,000 in April, more than expected for resilient labor market

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Private payrolls increased at a faster than expected pace in April, indicating there are still plenty of tailwinds for the U.S. labor market.

Tuesday, Apr 30

19

McDonald's and other big brands warn that low-income consumers are starting to crack

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Higher prices have weighed on customers in an array of industries that interact with consumers.

16

Worker pay rose more than expected in Q1 in another sign of persistent inflation

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The employment cost index, which measures worker salaries and benefits, gained 1.2% in the first quarter.

12

Euro zone inflation steady at 2.4%, keeping June rate cut in play as economy returns to growth

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Price rises in the 20-nation euro area held steady at 2.4% in April, while the economy returned to growth in the first quarter.

10

IMF chief warns of emerging market risk with high U.S. interest rates

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The benchmark rates of most advanced economies soared in recent years, as central banks aimed to tame inflation following the Covid-19 pandemic.

Monday, Apr 29

18

Saudi Arabia says all NEOM megaprojects will go ahead as planned despite reports of scaling back

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"For NEOM, the projects, the intended scale is continuing as planned. There is no change in scale," Saudi Economy Minister Faisal Al Ibrahim told CNBC.

Sunday, Apr 28

11

WEF president: 'We haven't seen this kind of debt since the Napoleonic Wars'

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Borge Brende, president of the World Economic Forum, gave a stark outlook for the global economy.

Friday, Apr 26

22

All the data so far is showing inflation isn't going away, and is making things tough on the Fed

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The last batch of inflation news that Federal Reserve officials will see before their meeting next week is in, and none of it is very good.

15

Key Fed inflation measure rose 2.8% in March from a year ago, more than expected

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The core personal consumption expenditures price index was expected to increase 2.7% from a year ago in March, according to the Dow Jones consensus estimate.

Thursday, Apr 25

16

GDP growth slowed to a 1.6% rate in the first quarter, well below expectations

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Real GDP was expected to increase 2.4% in the first quarter on a seasonally adjusted basis, according to economists surveyed by Dow Jones.

Wednesday, Apr 24

17

Why the Fed keeping rates higher for longer may not be such a bad thing

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It's a tough case to sell that higher interest rates today are having a substantially negative impact on the course of the economy.

Friday, Apr 19

19

Something strange has been happening with jobless claims numbers lately

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For five of the past six weeks, the level of initial jobless filings totaled exactly 212,000.

Wednesday, Apr 17

14

Risk of a global recession is minimal, IMF economist says — would take 'a lot to derail'

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The Washington DC-based institute this week nudged its global growth outlook slightly higher to 3.2% in 2024.

12

High company valuations a 'worry,' IMF's capital markets chief says

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High corporate valuations could pose a significant risk to financial stability as market optimism becomes untethered from fundamentals, the IMF said Tuesday.

10

UK inflation eases less than expected to 3.2% in March, sparking concerns of U.S.-style stickiness

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Economists polled by Reuters expected a reading of 3.1%, down from 3.4% in February.

Tuesday, Apr 16

16

IMF upgrades global growth forecast as economy proves 'surprisingly resilient' despite downside risks

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The IMF on Tuesday raised its global growth forecast slightly, saying the economy had proven "surprisingly resilient" despite inflationary pressures.

11

U.S. economy will see 'more things break' in 2025 if rates stay high, strategist says

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Altaf Kassam told CNBC that classic monetary policy mechanisms had "broken."

Monday, Apr 15

16

Retail sales jumped 0.7% in March, much higher than expected

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Retail sales increased 0.7% for the month, considerably faster than the Dow Jones consensus forecast for a 0.3% increase.

Saturday, Apr 13

14

Surging inflation fears sent markets tumbling and Fed officials scrambling

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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.

Friday, Apr 12

19

Beyoncé bounce: Western boot sales jump more than 20% week over week since 'Cowboy Carter' launch

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The iconic shoe is getting a lift from Beyoncé's latest album.

18

BlackRock's Larry Fink sees Fed cutting rates twice this year but missing 2% inflation goal

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The head of the world's largest money manager said it's unlikely the central bank will hit its 2% goal anytime soon.