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cnbc.com

Tuesday, Jul 2

18

Watch Fed Chair Powell, ECB's Lagarde speak live at central bank policy forum

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Federal Reserve Chair Jerome Powell joins a panel including his global counterparts Tuesday at a European Central Bank forum.

17

Powell says Fed has made 'quite a bit of progress' on inflation but needs more confidence before cutting

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"We've made quite a bit of progress and in bringing inflation back down to our target," Powell said at a central banking forum on Sintra, Portugal.

12

Euro zone inflation eases to 2.5% as core print misses estimate

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Economists polled by Reuters expected the headline rate to come in at 2.5%.

Monday, Jul 1

21

A new index is using AI tools to measure U.S. economic growth in a broader way

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The Zeta Economic Index, launched Monday, uses generative artificial intelligence to analyze what its developers call "trillions of behavioral signals."

Friday, Jun 28

22

Financial crimes watchdog removes Turkey from money laundering 'gray list'

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The FATF had previously found Turkish sectors like banking and property vulnerable to illicit financing of groups like the Islamic State and al-Qaeda.

16

Western clothing craze sends sales of denim dresses and skirts soaring, Levi Strauss says

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The 171-year-old jeans maker said sales of denim skirts, pantsuits and dresses are double last year's rate.

15

Key Fed measure shows inflation rose 2.6% in May from a year ago, as expected

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The core personal consumption expenditures price index was expected to increase 0.1% in May and 2.6% from a year ago.

Thursday, Jun 27

22

There's a big Fed inflation reading coming Friday. Here's what to expect

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There could be some pretty good inflation news on the way from the Commerce Department when it releases a key economic report Friday.

Wednesday, Jun 26

09

Trade feuds aside, Chinese firms are committed to the U.S. market, survey shows

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A survey of Chinese enterprises in the U.S. has found that a majority remain bullish on the market long-term despite concerns about U.S.-China relations.

Tuesday, Jun 25

14

Fed Governor Bowman says she's still open to raising rates if inflation doesn't improve

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Federal Reserve Governor Michelle Bowman said Tuesday the time is not right yet to start lowering interest rates.

Thursday, Jun 20

20

Bank of England keeps rates at 5.25% in 'finely balanced' decision; traders lift bets for August cut

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The central bank's key interest rate is at a 16-year high of 5.25%, where it has stood since August 2023.

17

IMF chief says Europe looks like 'an ideas supermarket' for the U.S., calls for further integration

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The head of the International Monetary Fund on Thursday called on Europe to achieve the full potential of the single market.

10

Switzerland makes second interest rate cut as major economies diverge on monetary policy easing

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The Swiss National Bank trimmed its key interest rate by 25 basis points to 1.25% in its second cut of the year.

Wednesday, Jun 19

15

These groups help people of color and the LGBTQ+ community find a ‘radically inclusive space’ in the outdoors

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Nonprofits such as Hoods to Woods, Edge Outdoors and Unlikely Riders are dedicated to creating communities in the outdoors for marginalized people.

09

UK inflation falls to Bank of England's 2% target ahead of elections

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The Office for National Statistics released inflation figures for May on Wednesday.

Tuesday, Jun 18

22

The Fed is 'playing with fire' by not cutting rates, says creator of 'Sahm Rule' recession indicator

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As the jobless level has ticked up in recent months, the "Sahm Rule" has generated increasing talk on Wall Street.

15

May retail sales rise 0.1%, weaker than expected

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Retail sales were expected to rise 0.2% in May, according to the Dow Jones consensus estimate.

Friday, Jun 14

06

Bank of Japan set to reduce JGB purchases, stands pat on interest rate

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The BOJ said it will collect views from market participants on the reduction of Japanese government bond buying and present a detailed plan in the next meeting.

Thursday, Jun 13

15

Wholesale prices unexpectedly fell 0.2% in May

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The producer price index was expected to show a 0.1% increase in May, according to economists surveyed by Dow Jones.

Treasury Secretary Yellen says U.S. debt load is in 'reasonable place' if it remains at this level

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Treasury Secretary Janet Yellen on Thursday said the swelling national debt is manageable.

Wednesday, Jun 12

16

Inflation slows in May, with consumer prices up 3.3% from a year ago

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The consumer price index was expected to increase 0.1% on a month basis and 3.4% from a year ago.

10

UK GDP flatlines as PM Sunak pins election campaign on economy

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Economists polled by Reuters had expected growth to flatten, after the economy expanded by 0.4% in March.

Tuesday, Jun 11

21

Fed meeting and inflation report both hit Wednesday, and the impact could be huge

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A one-two punch starts in the morning with the pivotal consumer price index reading for May, ending with the Fed's policy meeting in the afternoon

13

Baltimore key shipping channel fully reopens after Francis Scott Key Bridge collapse

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The main shipping channel into the Baltimore port was fully restored for commercial transit, after the March 26 collapse of the Francis Scott Key Bridge.

Friday, Jun 7

21

Market backs off on hopes for interest rate cuts following strong jobs report

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The data at the very least adds to the narrative that the Fed doesn't have to be in a rush to lower interest rates.

18

Jobless rates rise in May for all racial groups except white Americans

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The unemployment rate for white Americans held steady from April to May, but rose for all other demographic groups last month.

17

Here’s where the jobs are for May 2024 — in one chart

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Job growth in May came out surprisingly strong, pushing back on lingering fears of a broader economic slowdown.

16

Cut off from the West, Putin says almost 40% of Russian trade turnover is now in rubles

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Speaking at the St. Petersburg International Economic Forum (SPIEF), Putin said countries "friendly to Russia" were the ones that deserved special attention.

15

U.S. adds a much-better-than-expected 272,000 jobs in May, but unemployment rate edges up to 4%

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Nonfarm payrolls were expected to increase by 190,000 in May, according to economists surveyed by Dow Jones.

08

War, what war? Putin looks to woo new business partners willing to overlook its invasion of Ukraine

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The days of scores of Western business leaders and heads of state attending the St. Petersburg International Economic Forum are long gone.