CNBC Economy

The central bank Survey of Consumer Expectations for April showed that the outlook for spending fell by half a percentage point to an annual rate of 5.2%.

April's nonfarm payrolls report beat expectations and the unemployment rate declined across the board.

See which sectors gained, and lost, the most jobs in April.

Private payrolls growth was above the downwardly revised 142,000 the previous month and well ahead of the Dow Jones estimate for 133,000.

Turmoil in the banking sector means central banks face in increasingly "delicate dance" in their efforts to rein in inflation, World Economic Forum Managing Director Saadia Zahidi told CNBC.

The JOLTS report showed that job vacancies totaled 9.59 million for the month, down from 9.97 million in February.

With financial services covering such a wide swath of activities in the $26.5 trillion U.S. economy, the bank failures will reverberate.

Euro zone GDP rose slightly in the first three months of the year, but its biggest economy stagnated.

The personal consumption expenditures price index excluding food and energy increased 0.3% for the month.

The IMF said that the European Central Bank needs to be increasing rates until mid-2024 to fight inflation.

Gross domestic product was expected to increase at an annualized pace of 2% in the first quarter, according to Dow Jones.

The money pipeline to Wall Street remains mostly alive and well while the situation on Main Street is much more in flux.

The latest U.S. economic data suggests a recession is coming, according to the chief executive of financial advisory firm Longview Economics.

The banking turmoil of March, when several U.S. lenders collapsed, will lead to a credit crunch for "small-town America," veteran strategist David Roche says.

A CBDC could intrude on the privacy of users and harm banks while otherwise providing few benefits, Bowman said in a speech.

Central bankers are weighing last month's banking crisis, the inflation outlook and recession risks as they reconsider future rate hikes.

The U.K. economy flatlined in February as widespread industrial action and persistently high inflation stymied activity.

Those reporting that credit is much or somewhat harder to get than a year ago rose to 58.2%, the highest ever.

The consumer price index, a widely followed inflation measure, rose 0.1% for the month and 5% from a year ago, both less than expected.

The Labor Department reported Friday that payrolls grew by 236,000 for the month, compared to the Dow Jones estimate for 238,000.