The May jobs report will be released Friday. Here's what to expect
The stronger-than-expected start this year for job creation could be in for a reality check.
Long-term unemployment is surging in the U.S. There are hidden costs for workers and the economy
Long-term unemployment can have ramifications on financial, emotional and family health that linger even after reentry into the workforce.
U.S. proposes fresh tariffs on 60 economies over forced labor trade practices
USTR has proposed a 10% duty rate for economies that have adopted a full or partial prohibition on forced labor trade, and 12.5% for all other economies.
U.S., Iran intensify attacks as ceasefire frays, peace talks stall
Iran's IRGC reportedly denied responsibility for the Kuwait airport attack, the latest blow to an already weakened ceasefire agreement.
Private payrolls grew by 122,000 in May, stronger than expected, ADP reports
Unlike prior months, where job growth was concentrated in healthcare and a few other sectors, gains were more broad-based.
Job openings in April surged to 7.6 million, the highest in nearly two years
The Bureau of Labor Statistics reported that available employment hit 7.6 million for the month, a surge of 731,000 from the prior month.
Inflation hits 3.2% in the euro zone as Iran war pushes energy costs higher
Energy costs in the region surged by an annual rate of 10.9% in May.
Iran war cost: Average U.S. household paying $450 more on gas and energy
Higher energy costs can force consumers to raid their savings and lean more on debt to cover expenses.
How the ‘double scar’ of past inflation woes and geopolitical shocks amid the Iran war is hitting consumers
Mental "scars" reinforce fears of stagflation, when rising prices coincide with declining growth, research finds.
Core inflation hit an annual rate of 3.3% in April, as expected, Fed’s preferred gauge shows
The PCE price index for April was expected to show an annual inflation rate of 3.8% for all items and 3.3% for core.
Energy inflation has been more persistent than expected, Fed's Goolsbee tells CNBC
While oil prices have recently fallen on news that a peace deal between the U.S. and Iran could come, prices are still significantly higher than before the war.
Fed’s Kashkari tells CNBC that inflation fight takes priority as labor market is 'in decent shape'
The Minneapolis Fed President warned that persistently high inflation risks becoming embedded in consumer expectations, potentially forcing tougher policy action later.
ECB 'will do what is necessary' to tame inflation, Bank of France governor tells CNBC
Markets are overwhelmingly pricing in a rate hike from the central bank at its next meeting.
Americans are feeling inflation's pinch into the holiday weekend. Here's where prices are rising the most
Prices related to travel, recreation and food saw particularly steep increases, stretching Americans' wallets as they celebrate the unofficial start of summer.
Consumer sentiment hits fresh record low in May as Iran war fuels inflation worries
Consumer sentiment has tumbled to a fresh record low in May as fears of higher prices grow due to the U.S.-Iran war and elevated oil prices.
UK-Gulf trade deal a 'monumental achievement,' Bahrain industry minister tells CNBC
Abdulla bin Adel Fakhro said the deal was a win-win for the U.K. and Gulf states.
Putin-Xi talks revive stalled Russian gas pipeline as Iran war rattles energy markets
Putin is expected to hold talks with Chinese leader Xi Jinping on Wednesday, with the long-stalled Power of Siberia 2 natural gas pipeline topping the agenda.
The AI economy is rewriting the American Dream — and blue-collar workers are poised to win
AI-driven hiring slowdowns are hitting some entry-level jobs for college graduates as companies like Ford and AT&T ramp up recruiting for skilled trade workers.
Kevin Warsh to be sworn in as Federal Reserve chair on Friday
Trump will swear in Kevin Warsh, his hand-picked choice to lead the Federal Reserve, during a White House ceremony.
Inflation rate projected to hit 6% in the second quarter, top economic forecasters say
The recent surge in inflation is likely to get worse over the next several months, according to a survey Friday.
The Fed will have to raise interest rates in July to appease 'bond vigilantes,' Yardeni says
Sent to the Federal Reserve to lower interest rates, incoming Chair Kevin Warsh instead may have to push for higher levels.
Traders now see next Fed interest rate move as a hike following inflation surge
The fed funds futures market is pricing in an increase as soon as December.
Americans still feel pessimistic about the economy. When will it get better?
U.S. consumer sentiment has been on a downward trend since the Covid pandemic. Inflation, wars and Trump's tariffs are to blame, economists say.
Bond market believes Fed behind the curve on inflation as Warsh takes over
Bond traders are hoping that the central bank's easing bias is replaced with a skewed view toward tightening.
Bessent sees 'substantial disinflation' ahead as Warsh takes over the Fed
Bessent said the energy-fed inflation surge recently is likely to reverse as the U.S. is "going to keep pumping."
Wholesale inflation jumps 6% in April on annual basis, biggest increase since 2022
The producer price index was expected to increase 0.5% in April, according to the Dow Jones consensus.
Consumer prices rose 3.8% annually in April, the highest since May 2023
The consumer price index was expected to increase by 3.7% annually in April, according to the Dow Jones consensus.
It's not just Iran and oil raising inflation. Prices also are reaccelerating in these other areas
Here's some of the places where prices are rising fast for consumers.
Markets raise chances for a Fed rate hike following hot inflation report
Market pricing took virtually any chance of a cut off the table between now and the end of 2027.
Iran says it will 'never bow' as Trump rejects peace counteroffer, prolonging Middle East conflict
Washington has sought to press Beijing to lean on Tehran to reopen the strait, though China's appetite to act as a pressure mechanism remains unclear.
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