Economy
Consumer sentiment worsens as inflation fears grow, University of Michigan survey shows
The deterioration in consumer sentiment was even worse than anticipated in March as worries over inflation intensified, according to a University of Michigan survey released Friday. The final version of…
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Lasted Economy
Goldman Sachs sees Trump tariffs spiking inflation, stunting growth and raising recession risks
With decision day looming this week for President Donald Trump’s latest round of tariffs, Goldman Sachs expects aggressive duties from…
Consumer sentiment worsens as inflation fears grow, University of Michigan survey shows
The deterioration in consumer sentiment was even worse than anticipated in March as worries over inflation intensified, according to a…
Core inflation in February hits 2.8%, higher than expected; spending increases 0.4%
The Federal Reserve’s key inflation measure rose more than expected in February while consumer spending also posted a smaller-than-projected increase,…
Young Americans are losing confidence in the economy — and it shows online
For economists, harbingers of a recession can include a slowdown in consumer spending and rising unemployment. For the chronically online,…
Trump’s tariffs push will hit the U.S. harder than Europe in the short term, Santander chair says
The White House’s protectionist policies could hit the U.S. harder than Europe in the short term, Banco Santander’s executive chair told…
Trump’s tariffs are making the ECB’s interest rate path ‘more complicated,’ policymaker says
U.S. President Donald Trump’s tariff policies are making the path ahead for European Central Bank interest rates “more complicated,” according…
Former Treasury Secretary Janet Yellen to join global advisory board for bond giant Pimco
Former Treasury Secretary Janet Yellen will be joining an advisory board for bond giant Pimco, CNBC has learned. Joining other…
Treasury Department is set to lay off a ‘substantial’ number of employees, official says
The Treasury Department is planning to furlough a “substantial” level of its workforce in conjunction with Elon Musk’s efforts to shrink…