CNBC Economy

A looming government shutdown could prevent the Federal Reserve from raising rates in November, Bank of America says.

So far, the UAW stoppage has impacted just a small portion of the workforce with limited implications for the broader economy.

The producer price index was expected to increase 0.4% in August, according to the Dow Jones consensus estimate.

The consumer price index was expected to increase 0.6% in August and 3.6% from a year ago, according to the Dow Jones consensus estimate.

Respondents indicating that the ability to get credit is harder now than it was a year ago rose to nearly 60%.

An analysis found hotels in states Swift visited did notably better than the national average.

Italy's shock tax on banks continues to prove controversial, even as the government insists it can "improve" it.

Nonfarm payrolls were expected to increase 170,000 in August, according to a Dow Jones consensus estimate.

Health care and social assistance was again the top area for job growth in August.

The jobless rate ran higher overall but slid for Black workers.

Morgan Stanley sees a potential unwinding from these events, as well as the resumption of student loan payments, in the fourth quarter.

Economists surveyed by Dow Jones were expecting 200,000 jobs added in August.

The average "reservation wage," or the minimum acceptable salary offer to switch jobs, rose to $78,645 during the second quarter of 2023.

China's economic model is "washed up on the beach" and "not going to take off again," which will have a big impact on global markets, says veteran investor David Roche.

The advanced retail sales report showed a seasonally adjusted increase of 0.7% for the month, better than the 0.4% Dow Jones estimate

Friday figures showed Russia's GDP expanded by a yearly 4.9% in the second quarter.

The producer price index rose 0.3% for the month, slightly higher than expectations.

Veteran economist Jim O'Neill says central banks will need to keep interest rates up around 5% across major economies for longer than the market expects, even as inflation subsides.

History has shown that inflation is stubborn and can last longer than expected.

The consumer price index in July was expected to rise 0.2% from the prior month and 3.3% from a year ago, according to Dow Jones.