CNBC Economy

JPMorgan Chase CEO Jamie Dimon said Monday that the U.S. should forge ahead in pumping more oil and gas to help alleviate the global energy crisis.

Allianz Chief Economic Adviser Mohamed El-Erian said he predicts headline inflation "will probably come down to about 8%," but that core inflation "is still going up."

Leisure and hospitality and health care saw solid growth in September.

September's payrolls report provided assurance that the jobs market is strong and that the Fed will have to do more to slow it down.

The unemployment rate among Hispanic workers dropped sharply in September, while those employed or searching for work declined significantly.

Nonfarm payrolls in September increased 263,000 for the month, compared to the Dow Jones estimate of 275,000. The unemployment rate was 3.5%.

Siegel said he was one of the first to warn of the Fed's "inflationary policies" in 2020 and 2021, but "the pendulum has swung too far in the other direction."

Investors are closely watching the nonfarm payrolls report due out Friday, but not for the usual reasons.

Businesses added 208,000 jobs for the month, better than the 200,000 Dow Jones estimate and ahead of the upwardly revised 185,000 in August.

The consequences for the Federal Reserve not bringing inflation under control could be severe.

Available positions totaled 10.05 million for the month, a 10% drop from the 11.17 million reported in July.

"A scenario whereby house prices crash ... is looking increasingly likely," U.K. economist Andrew Goodwin warned.

In 2021, Gautam Adani was not on the top 10 list of the world's richest people. But in 2022, the Indian billionaire settled in behind Jeff Bezos and Bernard Arnault as No. 4.

The personal consumption expenditures price index excluding food and energy rose 0.6% for the month after being flat in July.

Erdogan doubled down on his controversial monetary plan on Thursday, saying that he told central bank decision-makers to continue lowering rates.

Initial filings for unemployment claims fell last week to their lowest level in five months, a sign that the labor market is strengthening.

The financial market turmoil resulting from the U.K. government's spending plan "suggests incompetence," according to billionaire investor Ray Dalio.

Former U.S. Treasury Secretary Larry Summers said there were "hallmark" signs that the U.K.'s credibility had been lost.

The 15% minimum tax would impact around 78 companies, according to 2021 financial data, with Berkshire and Amazon paying the most.

Raphael Bostic, the president of the Federal Reserve Bank of Atlanta, signaled optimism for the Fed's policies to temper inflation.