Shoppers purchase groceries at the upscale LuLu Hypermarket located in the Lulu International Shopping Mall in Kerala, India, on May 25, 2022. Nurphoto | Nurphoto | Getty Images India’s consumer inflation rose to 0.71% in November, accelerating from an all-time low of 0.25% in the prior month. The headline inflation number was in line with … Read more
In the Federal Reserve’s battle between fighting inflation and limiting unemployment, the latter side carried the day Wednesday and could also have an edge heading into 2026 if labor market weakness becomes more evident through an apparent overcounting of jobs numbers. In the immediate term, worries over the employment situation meant a vote, albeit divided … Read more
Treasury Secretary Scott Bessent is proposing a major change in the approach to how the government approaches financial regulation and stability, CNBC has learned. In a letter set to be released Thursday, Bessent will recommend changing the approach of the Financial Stability Oversight Council. Whereas the agency’s focus had been tightening regulations and oversight of … Read more
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in October. Text removed from the October statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both statements. … Read more
A Federal Reserve split over where its priorities should lie cut its key interest rate Wednesday, but signaled a tougher road ahead for further reductions. Fulfilling expectations of a “hawkish cut,” the central bank’s Federal Open Market Committee lowered its key overnight borrowing rate by a quarter percentage point, putting it in a range between … Read more
President Donald Trump on Tuesday claimed to have “just heard” that all four of former President Joe Biden’s appointments to the Federal Reserve were approved by “autopen,” suggesting they are not authorized to serve in those roles. Trump provided no evidence for the claim, which piggybacks on his repeated assertion that all of his predecessor’s … Read more
[The stream is slated to start at 6:10 p.m. ET. Please refresh the page if you do not see a player above at that time.] President Donald Trump is scheduled to deliver remarks on the U.S. economy as he works to sell a message of economic success to a country increasingly concerned about the cost … Read more
While markets expect Kevin Hassett to be named the next Federal Reserve chair, he is pointedly not the choice of respondents to the CNBC Fed Survey. The December survey shows 84% believe President Donald Trump will tap Hassett, director of the National Economic Council, to head the central bank. But only 11% think that’s what the … Read more
The Federal Reserve is poised to deliver its third straight interest rate cut Wednesday, while simultaneously firing a warning shot about what’s ahead. Following a period of remarkable indecision about which way central bank policymakers would lean, markets have settled on a quarter percentage point reduction. If that’s the case, it will take the Fed’s … Read more
U.S. Treasury Secretary Scott Bessent speaks to the media outside the White House on Nov. 5, 2025 in Washington, DC. Andrew Harnik | Getty Images U.S. Treasury Secretary Scott Bessent, a key figure in implementing President Donald Trump’s economic agenda including tariffs, disclosed on Sunday that he has recently divested his interests in a soybean … Read more