Economy

PORTSMOUTH, UNITED KINGDOM – OCTOBER 28: The container ship Vung Tau Express sails loaded with shipping containers close to the English coast on October 28, 2024 in Portsmouth, England.   Matt Cardy | Getty Images News | Getty Images As the specter of Donald Trump’s reciprocal tariffs looms, several Asian economies that enjoy substantial trade surpluses

Even if the U.K. is not the “direct recipient” of potential tariffs imposed by the U.S., “it will have an effect,” Bank of England Governor Andrew Bailey said Thursday. If tariffs are announced, their effect on the global economic growth and inflation would need to be looked at, Bailey told CNBC’s Steve Sedgwick. “Now I

A hiring sign is posted on the door of a Taco Bell in Alexandria, Virginia, on Aug. 22, 2024. Anna Rose Layden | Getty Images The U.S. labor market likely began 2025 in solid fashion, in a bit of a step down from where it closed the previous year. When the Bureau of Labor Statistics

Many databases from the U.S. Census Bureau appeared to be unavailable to the public on Thursday, with users being told access was “forbidden” when attempting to download common datasets. Several data experts told CNBC that they were receiving the same error message on files that are routinely available. “My staff tried numerous economic releases, and

Job creation was lower than expected in January, though the unemployment rate edged down and worker wages rose sharply, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls climbed by a seasonally adjusted 143,000 for the month, down from an upwardly revised 307,000 in December and below the 169,000 forecast from Dow Jones. The unemployment

Getty Images Health care was a bright spot once again for the U.S. economy in January, even as overall job growth showed signs of slowing. Data on job growth in different areas of the economy from the Bureau of Labor Statistics showed health care and social assistance as the leading category, adding 66,000 jobs. Retail

Minneapolis Federal Reserve President Neel Kashkari said Friday he expects to see interest rates lower this year if the economic data continues to move in the same direction. In a CNBC interview, the central bank official expressed confidence that inflation will continue to drift down to the Fed’s 2% target, while Friday’s nonfarm payrolls report

People shop at a Whole Foods store on Feb. 3, 2025 in New York City. Michael M. Santiago | Getty Images Consumers grew dramatically more worried about near-term inflation as President Donald Trump pushed aggressive tariffs against major U.S. trading partners, a closely watched survey showed Friday. The University of Michigan consumer survey for February

Jobseekers talk to recruiters during the New York Public Library’s annual Bronx Job Fair & Expo at the Bronx Library Center in the Bronx borough of New York, US, on Friday, Sept. 6, 2024. Yuki Iwamura | Bloomberg | Getty Images Unemployment among Black men surged in January as the number of those looking for

Private sector companies added more jobs than expected in January, furthering the case for a stable labor market that allows the Federal Reserve time as it contemplates its next policy move, ADP reported Wednesday. The payrolls processing firm said companies created a net 183,000 jobs on the month, slightly more than the 176,000 in December,

Philip Jefferson speaks during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, D.C., U.S., on Feb. 3, 2022. The U.S. Senate on Wednesday voted overwhelmingly to confirm Philip Jefferson, an economist and Davidson College’s dean of faculty, to the Federal Reserve Board. Ken Cedeno | Bloomberg | Getty Images EASTON, Pa.

Flags outside the Fairmont Royal York in downtown Toronto, Feb. 3, 2025.  Andrew Francis Wallace | Toronto Star | Getty Images A complicated scenario is emerging surrounding the tariff drama that could put the Federal Reserve in an uncomfortable Catch-22, unsure whether to use its policy levers to tame inflation or boost growth. With many

Jakub Porzycki | Nurphoto | Getty Images China unveiled a series of retaliatory measures against the U.S. on Tuesday, shortly after U.S. tariffs on Chinese goods kicked into effect, raising concerns of a broader trade war between the world’s two largest economies. China’s finance ministry said Tuesday it will impose additional tariffs of 15% on

U.S. President Donald Trump looks on as he signs an executive order in the Oval Office at the White House in Washington, U.S., Jan. 31, 2025.  Carlos Barria | Reuters President Donald Trump agreed with the Federal Reserve for its decision last week to leave interest rates unchanged, an early pivot from his previous demand

Getty Images When it came time for Diane Wetherington to consider retirement, reality quickly set in. The 72-year-old debated devoting her time to crafting and doting over her grandkids and even gave full-time retirement a try. But she soon realized her Social Security checks, which were smaller than her peers’ due to time she spent

Customers waiting at the checkout in a supermarket. Markus Scholz | Picture Alliance | Getty Images German inflation was unchanged year-on-year at 2.8% in January, preliminary data from the country’s statistics office Destatis showed Friday in the last reading before Germans head to the polls next month. The reading was also in line with a

Inflation closed out 2024 on a strong note, as a price gauge the Federal Reserve focuses on came in well above the central bank’s target, the Commerce Department reported Friday. The personal consumption expenditures price index increased 2.6% on a year-over-year basis in December, 0.2 percentage point higher than the November reading and in line

The Frankfurt skyline at dusk on a November day. Helmut Fricke | Picture Alliance | Getty Images The German economy shrank by 0.2% quarter-on-quarter in the three months ending in December, according to preliminary data released by Germany’s statistics office Destatis on Thursday. The figure is adjusted for price, calendar and seasonal variations. Analysts polled