Tag: Breaking News: Economy
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Economic outlook is worsening and Trump is getting blamed, CNBC survey finds
The public is as depressed about the economy as it has been since the years just after the pandemic, according to the All-America Economic Survey.
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Treasury yields tumble as traders weigh domestic outlook and fresh Middle East strikes
Bond yields fell on Friday as investors continued to monitor intensifying hostilities in the Middle East.
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Dallas Fed President Logan calls for ‘modestly’ higher interest rates
The policymaker said this week’s good inflation news wasn’t good enough.
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CNBC Daily Open: Big Tech rally drowns out Iran war fears — Buffett urges caution
Stocks closed higher on Big Tech gains and a surprise drop in wholesale prices, shrugging off fresh U.S. strikes on Iran, a naval blockade.
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World Cup gave bars and restaurants a needed boost as consumers flash warning signs, Fed says
The latest edition of the Fed’s beige book indicated that the soccer tournament wasn’t necessarily translating to broader economic growth.
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Watch Fed Chairman Kevin Warsh testify live before Senate banking committee
Part of congressionally mandated Capitol Hill appearances for the central bank leader, Warsh spoke Tuesday to the House Financial Services Committee.
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New York Fed President Williams says inflation has peaked, rates ‘well positioned’
Williams cited five reasons why he expects the latest price surge has run its course.
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Wholesale prices unexpectedly declined 0.3% in June on big drop in gasoline
As with consumer prices, the index benefited from easing energy costs, particularly as oil fell due to the brief pause in tensions between the U.S. and Iran.
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Renewed Hormuz hostilities drive ECB rates rethink amid ‘extremely volatile’ outlook
Several consecutive days of strikes exchanged between the U.S. and Iran have cast uncertainty on the European Central Bank’s interest rate decision next week.
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Treasury yields rise as investors await latest producer price inflation data
Treasury yields were edged higher as investors awaited the latest producer price inflation print for June.
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