Surging inflation fears sent markets tumbling and Fed officials scrambling
The early data is in for the path of inflation during the first three months of 2024, and the news so far is not good.
CNBC Economy
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Jamie Dimon warns that inflation, wars and Fed policy pose major threats ahead
Taken together, Dimon said the three issues pose substantial unknowns.
UK economy posts 0.1% growth in February in further sign of recession rebound
The U.K. economy fell into a recession last year but showed slight growth in January.
European Central Bank gives strong signal that cuts are on the way despite Fed uncertainty
The euro zone's central bank held interest rates steady for a fifth straight meeting.
Wholesale prices rose 0.2% in March, less than expected
The producer price index was expected to increase 0.3% in March, according to the Dow Jones consensus estimate.
Hot inflation data pushes market’s rate cut expectations to September
March's consumer price index release Wednesday helped verify worries that inflation is proving stickier than thought.
Consumer prices rose 3.5% from a year ago in March, more than expected
The consumer price index in March was expected to increase 3.4% from a year ago, according to the Dow Jones consensus estimate.
WTO forecasts rebound in global trade but keeps geopolitical risks in focus
The World Trade Organization said Wednesday that it expects global trade to rebound gradually this year before rising further in 2025 as the impacts of higher inflation fall into the rearview mirror.
A crucial report Wednesday is expected to show little progress against inflation
The March consumer price index is expected to register increases of 0.3% both for the all-items measure as well as core.
Small business optimism hits 11-year low as inflation fears won't go away
The NFIB's survey showed a reading of 88.5, down nearly a point from February to the lowest since December 2012.
Former Fed Vice Chair Clarida sees possibility of fewer rate cuts than expected this year
Clarida said his former colleagues need to be on guard against sticky prices that could thwart plans to ease this year.
Falling fertility rates pose major challenges for the global economy, report finds
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Switzerland becomes first major economy to cut interest rates in surprise move
The Swiss National Bank surprised the market with a decision to lower its main policy rate by 0.25 percentage points to 1.5%.
European Central Bank’s Lagarde signals June cut but says future rate path uncertain
"By June we will have a new set of projections that will confirm whether the inflation path we foresaw in our March forecast remains valid," the ECB chief said.
Turkey opts for new tightening strategy after signaling a pause to hikes
"This is going to cause further liquidity squeeze," one Istanbul-based economist told CNBC.
This week provided a reminder that inflation isn't going away anytime soon
Price pressures increasing at a faster-than-expected pace raised concern that inflation could be more durable than anticipated.
Wholesale inflation rose 0.6% in February, much more than expected
The producer price index for February was expected to increase 0.3%, according to the Dow Jones consensus estimate.
European Central Bank chief economist: Must 'take our time' on rate cuts, clearer picture due in June
"We do have to take our time to get that right, from holding to dialing back restriction," Philip Lane.
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