Grim retail sales suggest possible recession for Britain
Sales volumes fell by 3.2% in December, after a poll by Reuters suggested a fall of just 0.5%.
CNBC Economy
Fed's Raphael Bostic expects rate cuts to happen in the third quarter
The Atlanta Fed president said a "golden path" economic scenario is getting closer than many Fed officials had expected.
Weekly jobless claims post lowest reading since September 2022
Initial filings for unemployment insurance totaled 187,000 for the week ended Jan. 13.
Retail sales rose 0.6% in December, topping expectations for holiday shopping
Retail sales increased 0.6% for the month, buoyed by a pickup in clothing and accessory stores as well as online nonstore businesses.
Corporate debt defaults soared 80% in 2023 and could be high again this year, S&P says
The number of companies that failed to make required payments on their debt totaled 153 for 2023, up from 85 the year before.
Fed's Christopher Waller advocates moving 'carefully' with rate cuts
The comments, delivered during a speech in Washington, D.C., seemed to counter market anticipation for aggressing easing this year.
Germany skirts recession at the end of 2023 but faces prolonged slump
The estimate is in line with the expectations of analysts polled by Reuters.
Wholesale prices unexpectedly fall 0.1% in December in positive inflation sign
The producer price index fell 0.1% for the month and ended 2023 up 1% from a year ago, the Labor Department reported Friday.
Consumer prices rose 0.3% in December, higher than expected, pushing the annual rate to 3.4%
The consumer price index for December was expected to increase 0.2% on a monthly basis and 3.2% from a year ago, according to Dow Jones.
U.S. deficit tops half a trillion dollars in the first quarter of fiscal year
The budget deficit totaled almost $510 billion, following a shortfall of $129.4 billion in December alone.
Shipping boss says ongoing Red Sea disruption could have 'significant consequences' for global growth
Maersk CEO Vincent Clerc said it was unclear whether Red Sea trade would resume in "days, weeks or months."
Turkish lira hits fresh record low against the U.S. dollar
The beleaguered lira has fallen some 37% against the U.S. benchmark over the past year.
Saudi Arabia nearly doubles estimate for the value of its mineral resources
The Saudi government expects $20 billion in deals will be signed at the annual minerals forum in Riyadh this week.
Thursday's inflation report could challenge the market outlook for big Fed rate cuts
The consumer price index is projected to have risen 0.2% in the final month of 2023, or 3.2% for the full year.
Consumer spending rises in December to end solid holiday season, CNBC/NRF Retail Monitor shows
Retailers chalked up solid gains in the final month to wrap up the holiday season, according to the CNBC/NRF Retail Monitor for December.
Top Goldman Sachs analyst says the world is moving into a new super cycle
The world economy is moving into a new so-called super-cycle, with AI and decarbonization being driving factors, a Goldman Sachs analyst says.
The 2023 U.S. economy, in a dozen charts
The state of the U.S. economy may be a chief concern among Americans, but 2023 wound up as a pretty good year for the macroenvironment.
U.S. payrolls increased by 216,000 in December, much better than expected
Nonfarm payrolls were expected to increase by 170,000 in December, according to a Dow Jones consensus estimate.
Jobless rate for Black Americans declines to 5.2% to end 2023 on a positive note
Black Americans, the group with the highest jobless percentage in the country, saw their jobless rate dip to 5.2% in December from 5.8% in the previous month.
Here’s where the jobs are for December 2023 — in one chart
Hiring for government jobs and health care led the gains to close out 2023.
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