Federal Reserve Governor Christopher Waller said Tuesday he's growing more confident that policy is in a place now to bring inflation back under control.There was nothing in Waller's prepared remarks for a speech in Washington, D.C., that suggests he's contemplating cutting interest rates, and he noted that inflation currently is...
Category: Economy
Consumer spending fell in October, according to new CNBC/NRF Retail Monitor tracking card transactions
The consumer took a spending break ahead of the holiday season, with October retail sales, excluding autos and gas, falling by 0.08%, and core retail, which also removes restaurants, declining by 0.03%, according to the new CNBC/NRF Retail Monitor.The new Retail Monitor, debuting Monday, is a joint product of CNBC...
Geopolitical instability and a packed election calendar have strategists wary of 2024
Israeli soldiers transfer detained Palestinians out of the Gaza Strip on November 20, 2023, as battles between Israel and the Hamas movement continue.Gil Cohen-magen | AFP | Getty ImagesGeopolitical risks will be the key threat to the economic outlook for 2024, as large-scale wars converge with a slew of pivotal...
‘Funflation’ drives sporting event ticket prices up a whopping 25%
John Brown #16 of the Buffalo Bills celebrates with fans after catching a touchdown pass during the third quarter against the New England Patriots at Highmark Stadium on January 08, 2023 in Orchard Park, New York. (Photo by Bryan M. Bennett/Getty Images)Bryan M. Bennett | Getty Images Sport | Getty...
UBS sees a raft of Fed rate cuts next year on the back of a U.S. recession
U.S. Federal Reserve Chairman Jerome Powell takes questions from reporters during a press conference after the release of the Fed policy decision to leave interest rates unchanged, at the Federal Reserve in Washington, U.S, September 20, 2023.Evelyn Hockstein | ReutersUBS expects the U.S. Federal Reserve to cut interest rates by...