CNBC Economy

The core personal consumption expenditures price index was expected to rise 0.3% in October and 5% from a year ago, according to Dow Jones estimates.

The Fed's policy tightening and a strengthening dollar are having a knock-on effect on African nations' balance sheets and public debt burdens.

The Job Openings and Labor Turnover Survey, a closely watched gauge of slack in the labor force, showed there were 10.3 million vacancies for the month.

Federal Reserve Chair Jerome Powell is slated to speak Wednesday at the Brookings Institution.

In a tweet early Wednesday, Musk called on the Fed "to cut interest rates immediately" or risk "amplifying the probability of a severe recession."

Companies added just 127,000 positions for the month, a steep reduction from the 239,000 the firm reported for October

Global markets have taken heart in recent weeks from data indicating that inflation may have peaked, but analysts have warned against the return of the "transitory" inflation narrative.

The Fed governor said he's open to reducing the level of interest rate increases to half a percentage point in December.

Having "a lot of security, military, defense alliances" could make the world more dangerous, the president of the Center for China and Globalization said.

Households increased debt during the third quarter at the fastest pace in 15 years due to hefty increases in credit card usage and mortgage balances.

The producer price index was expected to show a monthly increase of 0.4% in October, according to Dow Jones estimates.

"I think it will probably be appropriate soon to move to a slower pace of rate increases," she told Bloomberg News in a live interview.

Americans grew more worried about inflation in the October, with fears emanating primarily from an expected burst in gasoline prices.

The third-quarter contraction was less than the -0.5% expected by analysts.

The University of Michigan Survey of Consumers posted a 54.7 reading for November, down 8.7% from the previous month's reading.

Federal Reserve officials welcomed Thursday's inflation news but cautioned against getting too excited by the data.

The consumer price index was expected to rise 0.6% from September to October and 7.9% from a year ago, according to Dow Jones estimates.

Anxiety over the cost of living and the direction of the economy could prove costly to President Biden — and his fellow Democrats.

The health-care and manufacturing sectors added notable gains.