CNBC Economy

A U.S. recession may prevent a steep market downturn in the second half of 2023, according to Michael Yoshikami, founder and CEO of Destination Wealth Management.

Whether it's personalized shopping or self-driving cars, AI will become a factor in virtually everyone's lives.

A research paper notes that inflation has evolved since ballooning to a 40-year high in the summer of 2022.

Andrew Bailey said second-round effects of wage growth and price setting were "unlikely to go away as quickly as they appeared."

Excluding auto-related figures, sales increased 0.4%, which was in line with expectations.

The total for borrowing across all categories hit $17.05 trillion, an increase of nearly $150 billion, or 0.9% during the January-to-March period.

Lansing, Michigan is one example of how downtowns have attempted to move away from office-centric economies.

U.K. gross domestic product figures for March showed a 0.1% growth.

Waller on Thursday said that conducting special tests for how banks are preparing for such risks probably shouldn't fall under the Fed's purview.

Time is running out for an agreement, with U.S. Treasury Secretary Janet Yellen warning earlier this month that without a deal, the largest economy in the world could default by June 1.

Wholesale prices rose less than expected in April, according to a Labor Department report Thursday.

U.S. Treasury Secretary Janet Yellen spoke to reporters ahead of the G-7 finance ministers and central bank governors meetings in Niigata, Japan.

Since the onset of Covid-19, labor shortages have plagued major economies and intensified inflationary pressures, but economists expect this trend to finally abate.

Traders on Wednesday raised the chances of a September interest rate cut to close to 80%.

The consumer price index was expected to rise 0.4% in April, according to Dow Jones.

The current problems in the banking industry and their impact will factor into Williams' policy outlook.

The Fed last published its Financial Stability Report in November 2022, months before the implosion of several prominent midsize banks.

The Senior Loan Officer Opinion survey said requirements got tougher for commercial and industrial loans as well as for many household-debt instruments.

Nonfarm payrolls were expected to increase by 180,000 in April, according to Dow Jones.

The central bank Survey of Consumer Expectations for April showed that the outlook for spending fell by half a percentage point to an annual rate of 5.2%.