U.S. growth slowed more than expected near the end of 2025 as the government shutdown impacted spending and investment, while a key inflation metric showed high prices are still a factor for the economy, according to data released Friday. Gross domestic product rose at an annualized rate of just 1.4%, according to the Commerce Department, … Read more
The cost of goods and services rose at a slower annual rate than expected in January, providing hope that the nagging U.S. inflation problem could be starting to ease. The consumer price index for January accelerated 2.4% from the same time a year ago, down 0.3 percentage point from the prior month, the Bureau of … Read more
Jobseekers speak with recruiters past event signage during the WorkSource North Seattle Career Fair in Seattle, Washington, US, on Tuesday, Feb. 10, 2026. David Ryder | Bloomberg | Getty Images The January nonfarm payrolls report beat Wall Street expectations in both job creation and the unemployment rate. Here are the top five takeaways: From a … Read more
Consumer activity slowed sharply for the December holiday shopping season amid a spate of rough weather, tariff impact and persistently higher inflation, the Commerce Department reported Tuesday. Retail sales were flat on the month following a 0.6% increase in November, according to numbers adjusted for seasonality but not inflation. Economists surveyed by Dow Jones had … Read more
An Amazon Go store in New York, US, on Tuesday, Jan. 27, 2026. Michael Nagle | Bloomberg | Getty Images Layoff plans hit their highest January total since the global financial crisis while hiring intentions reached their lowest since the same period, outplacement firm Challenger, Gray & Christmas reported Thursday. U.S. employers announced 108,435 layoffs … Read more
Kevin Hassett, the National Economic Council director once considered a clear front-runner to be named the next Federal Reserve chair, said Friday he is fine with continuing in his current role. Fresh off President Donald Trump’s announcement that former Fed Governor Kevin Warsh will be the new chair, Hassett told CNBC that he was not … Read more
President Donald Trump on Friday named Kevin Warsh to succeed Jerome Powell as Federal Reserve chair, ending a prolonged odyssey that has seen unprecedented turmoil around the central bank. The decision culminates a process that officially began last summer but started much earlier than that, with Trump launching a fusillade of criticism against the Powell-led … Read more
U.S. President Donald Trump speaks in the Oval Office at the White House on Jan. 29, 2026 in Washington, DC. Samuel Corum | Getty Images President Donald Trump said Thursday that he will be naming his pick Friday for the new Federal Reserve chair. Speaking at the premiere for “Melania,” the film about first lady … Read more
People shop at a Costco store in the Staten Island borough of New York City, U.S., Jan. 16, 2026. Brendan McDermid | Reuters Inflation drifted slightly further from the Federal Reserve’s target in November though in line with expectations, according to the central bank’s preferred gauge released Thursday. The personal consumption expenditures price index, a … Read more
Rick Rieder, BlackRock’s senior managing director, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023. Adam Jeffery | CNBC BlackRock fixed income chief Rick Rieder’s star is rising as a potential Federal Reserve chair following flattering remarks Wednesday from President Donald Trump. In a CNBC interview, Trump called Rieder “very … Read more