CNBC Economy

Officials attributed the lower borrowing needs to higher receipts, which were offset somewhat by greater expenses.

GDP was expected to increase at a 4.7% annualized pace in the third quarter, according to a Dow Jones consensus estimate.

Intergenerational mobility is falling in the U.S. — and when and where a child grows up can determine their future income.

The core personal consumption expenditures price index was expected to increase 0.3% in September.

An intensifying bond rout is creating a "tremendously dangerous" outlook for global equities, according to Livermore Partners' CIO.

Despite better-than-expected results from Alphabet and Meta, investors dumped the stocks and rest of the tech sector over the past two days

The ECB ended its record run of rate hikes despite new upside risks to inflation.

Lee Wai Fai said the world is heading into a more "uncertain environment" and the impact of higher-for-longer interest rates is starting to filter through.

Gross domestic product, or the sum of all goods and services produced in the U.S. economy, is expected to post a 4.7% annualized gain for the third quarter.

The head of the IMF on Wednesday dubbed the worsening Israel-Hamas conflict as another cloud on the horizon of an already gloomy economic outlook.

The president of the World Bank said Tuesday that it will be some time before progress toward a more peaceful Middle East can resume in earnest.

"Prepare for possibilities and probabilities, not calling one course of action, since I've never seen anyone call it," Dimon said in Saudi Arabia.

The U.S. ended up with an imbalance of $1.695 trillion, up about $320 billion, or 23.2%, from fiscal 2022.

The central bank official told CNBC that there's still a lot of work to be done before the Fed reaches its inflation goal of 2% annually.

U.S. Treasury Secretary Janet Yellen says the country can "absolutely" afford to financially support both Israel and Ukraine in their respective war efforts.

The appreciation of the Mexican peso and increase in living costs at home pinch households receiving money from abroad.

The advanced retail sales report for September was expected to show a gain of 0.3%, according to a Dow Jones estimate.

Harker said the Fed has made progress in bringing down prices without causing a surge in unemployment or otherwise tanking the economy.

The head of the largest U.S. bank by assets cited the ongoing war in Ukraine as well as the attacks Hamas launched on Israel last weekend.

In theory, getting inflation closer to the Fed's target doesn't sound terribly difficult. In practice, it could be a different story.