Breaking News: Economy

However, on a 12-month basis, PPI rose 2.1%, the biggest gain since April 2023, indicating pipeline pressures that could keep inflation elevated.Excluding food and energy, core PPI also rose 0.2%, meeting expectations. Excluding trade…

A 'Now Hiring!' sign stands on display next to the Jiffy Lube International booth during a Job News USA career fair in Overland Park, Kansas.Luke Sharrett | Bloomberg | Getty ImagesJob creation in March easily topped expectations in a…

Including volatile food and energy costs, the headline PCE reading showed a 0.3% increase for the month and 2.5% at the 12-month rate, compared to estimates for 0.4% and 2.5%.Both the stock and bond markets were closed in observance of…

Jim Dyson | Getty Images News | Getty ImagesThe global economy does not need a "collapse" in order to bring inflation back to target and return to sustainable growth, according to Steven Wieting, chief investment strategist and chief…

Alfieri | Digitalvision Vectors | Getty ImagesAs around half of the world's adult population heads to the polls in a bumper year of elections, concern over the role of artificial intelligence in disrupting outcomes has topped the list of…

A tram passes shoppers as it travels along Istiklal Street in the Beyoglu district of Istanbul, Turkey, on Tuesday, Dec. 19, 2023.Bloomberg | Bloomberg | Getty ImagesAs inflation eases in most of the world's major economies, eye-watering…

Traders work on the floor of the New York Stock Exchange.NYSEThe upward momentum was amplified by the Federal Reserve signaling that at least three cuts to interest rates could be coming over the course of this year. The market continues…

U.S. proposals to clamp down on investments in China may be being undermined by continued funding from some of the country's biggest institutional investors, new analysis shows.The majority of U.S. public pensions have committed funds to…

Chinese President Xi Jinping chairs a symposium on advancing the integrated development of the Yangtze River Delta and delivers an important speech in east China's Shanghai, Nov. 30, 2023.Xinhua News Agency | Xinhua News Agency | Getty…

Cohn — who was chief economic advisor to former U.S. President Donald Trump from 2017 to 2018 — does not see the Fed cutting interest rates until the second half of 2024.Drawing on 100-year average data, Cohn said the U.S. economy is…