Economy

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Hassett says Fed made 'prudent call,' signaling White House OK with quarter-point cut

Hassett says Fed made 'prudent call,' signaling White House...

In a CNBC interview Thursday, Hassett noted that the administration, and new Fed...

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Sales of heavy trucks are falling like the U.S. is headed for a recession

Sales of heavy trucks are falling like the U.S. is headed...

Heavy trucks sales have dropped to levels not seen in four years, according to the...

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Sticky UK inflation unlikely to move the needle for Bank of England

Sticky UK inflation unlikely to move the needle for Bank...

The Bank of England is watching inflation data closely after forecasting the consumer...

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Bessent sees trade deal likely with China before November deadline on reciprocal tariffs

Bessent sees trade deal likely with China before November...

Treasury Secretary Scott Bessent appeared Tuesday on CNBC's "Squawk Box" program.

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U.S. and China resume Madrid trade talks as TikTok deadline looms

U.S. and China resume Madrid trade talks as TikTok deadline...

U.S. and Chinese trade representatives are set to continue their talks into a second...

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UK economy stalls in July, as slowdown sets in

UK economy stalls in July, as slowdown sets in

Economists expect a slowdown to take hold of the U.K. in the latter half of 2025.

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Treasury Secretary Bessent met this week with Warsh, Lindsey and Bullard as Fed chief search continues

Treasury Secretary Bessent met this week with Warsh, Lindsey...

The search for the next Federal Reserve chair is continuing, with Bessent taking...

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Trump's tariffs are slowly finding their way into consumer prices

Trump's tariffs are slowly finding their way into consumer...

A key Bureau of Labor Statistics inflation report showed price increases for a variety...

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Consumer prices rose at annual rate of 2.9% in August, as weekly jobless claims jump

Consumer prices rose at annual rate of 2.9% in August,...

The consumer price index was expected to increase 0.3% in August, according to the...

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European Central Bank leaves rates unchanged as tariff fallout lingers

European Central Bank leaves rates unchanged as tariff...

The ECB was widely expected to hold its key deposit facility rate steady.

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Trump’s pressure on Europe to slap 100% tariffs on India and China raises eyebrows

Trump’s pressure on Europe to slap 100% tariffs on India...

Europe is unlikely to acquiesce to the White House's request to slap high tariffs...

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Businesses bringing back recession specials could be the latest sign of deteriorating consumer sentiment

Businesses bringing back recession specials could be the...

The term "recession" has popped up again as a selling point this summer, perhaps...

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From the 'Big Stay' to a 'no-hire, no-fire' freeze, labor markets are seeing sizable shifts

From the 'Big Stay' to a 'no-hire, no-fire' freeze, labor...

Many workers are staying put in their jobs, while businesses are putting the brakes...

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German autos sector slashes jobs as economic woes bite

German autos sector slashes jobs as economic woes bite

Germany's industry is suffering as Europe's largest economy is facing various headwinds....

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Trump's Fed firing: What to know and why it matters

Trump's Fed firing: What to know and why it matters

What you need to know about President Donald Trump's decision to fire Federal Reserve...

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U.S. economy expanded 3.3% in Q2, with growth even stronger than initially thought

U.S. economy expanded 3.3% in Q2, with growth even stronger...

Consumer spending, which rose by 1.6% compared with an initial 1.4% estimate, helped...