CNBC Economy

Investors likely will have to sweat out a summer during which it looks increasingly unlikely that the Federal Reserve will be cutting interest rates.

U.K. retail sales volumes dropped 2.3% in April as wet weather deterred shoppers, the Office for National Statistics said Friday.

Soaring auto insurance costs have been a principle driver behind inflation over the past year, but there could be relief on the way.

Dimon said the worst outcome for the U.S. economy will be a "stagflation" scenario, where inflation continues to rise, but growth slows amid high unemployment.

Federal Reserve officials appear to have “no idea” what is happening when it comes to the inflation picture in the U.S., GAM's Julian Howard told CNBC.

The Office for National Statistics released inflation figures for April on Wednesday.

The headline inflation rate could be 'momentous,' but markets remain divided on the chance of a June cut and services will be the one to watch.

Government debt that has swelled nearly 50% is capturing increasing worry both on Wall Street and in Washington.

There are some signs that shoppers are holding off on big-ticket buys, the latest signal of the economy contracting at the hands of tighter monetary policy.

"As far as Europe is concerned we need a more mature attitude in our trade," EU economics head Paolo Gentiloni told CNBC.

The European Central Bank's Financial Stability Report said that interest rate expectations have created the "potential for outsized market reactions."

The consumer price index was expected to increase 3.4% from a year ago, according to the Dow Jones consensus estimate.

The Labor Department's Bureau of Labor Statistics will provide the consumer price index data Wednesday at 8:30 a.m. ET.

The producer price index was expected to increase 0.3% in April, according to the Dow Jones consensus estimate.

On a one-year basis, the expectation increased to 3.3%, up 0.3 percentage point from March and the highest since November 2023.

The University of Michigan Survey of Consumers posted a reading of 67.4 for May, down from 77.2 in April.

Consumers are acting vastly different depending on income level.

A slew of commentary from the Bank of England and a better-than-expected economic growth number have left traders and investors scrambling to refine their bets.

After years of China being Germany’s main trading partner, the U.S. quietly overtook that spot in the first quarter of the year, data calculations show.

The U.K. economy has emerged from recession as gross domestic product rose 0.6% in the first quarter, beating expectations.