Treasury Secretary Scott Bessent speaking to CNBC on March 13th, 2025. CNBCTreasury Secretary Scott Bessent said Sunday the Trump administration is focused on preventing a financial crisis that could be the result of massive government spending over the past few years."What I could guarantee is we would have had a financial crisis....
Category: Economy
Consumer sentiment slumps in March to lowest since 2022 as Trump tariffs spark more inflation worries
Consumer sentiment took another hit in March as worries intensified over inflation and a slumping stock market, according to the University of Michigan's latest sentiment survey released Friday.The survey posted a mid-month reading of 57.9, which represents a 10.5% decline from February and was below the Dow Jones consensus estimate...
Private employers added just 77,000 jobs in February, far below expectations, ADP says
A person exits a Home Depot store in Midtown Manhattan on February 26, 2025 in New York City. Eduardo Munoz Alvarez | Corbis News | Getty ImagesPrivate sector job creation slowed to a crawl in February, fueling concerns of an economic slowdown, payrolls processing firm ADP reported Wednesday.Companies added just 77,000...
Euro zone inflation dips to 2.4% in February as ECB bets point to sixth rate cut
Two parents and their two children walk through a section of sweet cakes, biscuits and jam.Nicolas Guyonnet | Afp | Getty ImagesEuro zone inflation eased to 2.4% in February but came in slightly above analyst expectations, according to flash data from statistics agency Eurostat out on Monday.Economists surveyed by Reuters...
Fed’s favorite core inflation measure hits 2.6% in January, as expected
Inflation eased slightly in January as worries accelerated over President Donald Trump's tariff plans, according to a Commerce Department report Friday.The personal consumption expenditures price index, the Federal Reserve's preferred inflation measure, increased 0.3% for the month and showed a 2.5% annual rate.Excluding food and energy, the core PCE also...