The European Central Bank headquarters.Daniel Roland | Afp | Getty ImagesThe European Central Bank ended its run of interest rate hikes on Thursday, despite new upside risks to inflation from oil markets amid the Israel-Hamas war. The key rate is set to remain at a record high of 4%,...
The U.S. economy grew even faster than expected in the third quarter, buoyed by a strong consumer in spite of higher interest rates, ongoing inflation pressures, and a variety of other domestic and global headwinds.Gross domestic product, a measure of all goods and services produced in the U.S., rose...
Commercial real estate markets in the U.S. and China are economic pain points to monitor in a higher-for-longer rate environment, said Singapore's United Overseas Bank. But the bank remains optimistic about one key region."The U.S. commercial real estate remains a hotspot, especially with the low occupancy rates that we...
People shop along Broadway in Manhattan on July 27, 2023 in New York City. Spencer Platt | Getty ImagesThe U.S. economy likely turned in another strong performance heading into the final part of the year, though what's ahead could be significantly different.Gross domestic product, or the sum of all...
MARRAKESH, MOROCCO - OCTOBER 13: Ajay Banga, President of the World Bank Group, speaks during the International Monetary Fund (IMF) meeting in Marrakesh, Morocco on October 13, 2023. (Photo by Abu Adem Muhammed/Anadolu via Getty Images)Anadolu Agency | Anadolu Agency | Getty ImagesThe president of the World Bank on...
Kristalina Georgieva, managing director of the International Monetary Fund, at a press conference at the IMF Headquarters on April 14, 2023.Kevin Dietsch | Getty Images News | Getty ImagesThe head of the International Monetary Fund on Wednesday dubbed the worsening Israel-Hamas conflict as another cloud on the horizon of...
Jamie Dimon, CEO of JPMorgan Chase speaking with CNBC's Leslie Picker in Bozeman, MT on Aug. 2nd, 2023.CNBCJPMorgan Chase CEO Jamie Dimon on Tuesday warned about the dangers of locking in an outlook about the economy, particularly considering the poor recent track record of central banks like the Federal...
Janet Yellen, United States Secretary of Treasury, participates in global infrastructure and investment forum in New York, Thursday, Sept. 21, 2023. Pool | Via ReutersThe federal government wound up its fiscal year in September with a deficit just shy of $1.7 trillion, the Treasury Department announced Friday.Wrapping up a year...
Atlanta Federal Reserve President Raphael Bostic on Friday said he doesn't envision interest rate cuts happening until well into 2024.Though he cited progress on inflation and a slowing economy, the central bank official told CNBC that there's still a lot of work to be done before the Fed reaches...
A board displays the exchange rates for Mexican Peso and U.S. Dollar in Mexico City, Mexico March 13, 2023.Raquel Cunha | ReutersPeople sending money back to Mexico this year have faced a new challenge: the "super peso."The Mexican currency reached the strongest levels against the U.S. dollar in almost...