Economy

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Layoff announcements top 1.1 million this year, the most since 2020 pandemic, Challenger says

Layoff announcements top 1.1 million this year, the most...

The firm said layoff plans totaled 71,321 in November, a step down from October...

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Core inflation rate watched by Fed hit 2.8%, delayed September data shows, lower than expected

Core inflation rate watched by Fed hit 2.8%, delayed September...

The delayed core personal consumption expenditures price index for September was...

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Bessent says U.S. will finish the year with 3% GDP growth, sees 'very strong' holiday season

Bessent says U.S. will finish the year with 3% GDP growth,...

Treasury Secretary Scott Bessent said the economy will end the year on strong footing...

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Bessent to propose major overhaul of regulatory body created from financial crisis

Bessent to propose major overhaul of regulatory body created...

In a letter set to be released Thursday, Bessent will recommend changing the approach...

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U.S. has to stop taking in 'below-average' immigrants who won't help economy, says Lutnick

U.S. has to stop taking in 'below-average' immigrants who...

The White House is rolling out its gold card visa.

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Trump administration's new quarters feature pilgrims, ditching civil rights theme

Trump administration's new quarters feature pilgrims, ditching...

Special quarter-dollar coin designs for the U.S.' 250th birthday feature pilgrims...

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The case for more Fed rate cuts could rest on a 'systematic overcount' of jobs numbers

The case for more Fed rate cuts could rest on a 'systematic...

There are indications that policymakers will be more inclined to cut further if...

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'Appetizer economy': Food inflation is on restaurant table as diners go smaller with menu choices

'Appetizer economy': Food inflation is on restaurant table...

Spending on restaurant appetizers is booming during this period of food inflation...

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China lowers anti-dumping tariffs on European pork exporters

China lowers anti-dumping tariffs on European pork exporters

China on Tuesday announced lower duties on pork imports and pig by-products from...

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Payrolls rose by 64,000 in November after falling by 105,000 in October, delayed jobs numbers show

Payrolls rose by 64,000 in November after falling by 105,000...

Nonfarm payrolls were expected to increase by 45,000 in November as the unemployment...

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Hassett says Fed independence is ‘really important’ and chair candidates shouldn’t be disqualified for being Trump’s friend

Hassett says Fed independence is ‘really important’ and...

Hassett declined in a CNBC interview to directly address his own candidacy but said...

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Watch Fed Governor Christopher Waller speak on interest rates and the race to succeed Powell

Watch Fed Governor Christopher Waller speak on interest...

Waller is one of the five finalists considered for to replace Fed Chairman Jerome...

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November's inflation report is the first to be released after the shutdown. Here's what to expect

November's inflation report is the first to be released...

November's CPI report is expected to show the annual inflation rate at 3.1%, according...

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Bank of England cuts interest rates, in welcome Christmas boost for consumers

Bank of England cuts interest rates, in welcome Christmas...

The Bank of England voted to cut interest rates from 4% to 3.75% in its last monetary...

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November consumer prices rose at a 2.7% annual rate, lower than expected, delayed data shows

November consumer prices rose at a 2.7% annual rate, lower...

Economists polled by Dow Jones expected CPI to have risen 3.1% on an annualized...

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Trust these numbers? Economists see a lot of flaws in delayed CPI report showing downward inflation

Trust these numbers? Economists see a lot of flaws in delayed...

Thursday saw the release of a much lighter-than-expected inflation report for November,...