CNBC Economy

With Turkey's inflation at 65%, the 42-year-old economist has his work cut out for him.

Higher shipping costs could add 0.4 percentage points to consumer price inflation, the Paris-based group said Monday.

In January, Turkish inflation saw its biggest monthly jump since August, rising 6.7% from the month prior, according to the Turkish central bank.

While experts warn against reading too much into month-to-month changes, data does show a continued disparity between Black and white males in the workforce.

Nonfarm payrolls were expected to increase by 185,000 in January, according to a Dow Jones consensus estimate.

Eurostat released flash euro zone inflation figures for January.

Challenger, Gray & Christmas said planned layoffs totaled 82,307 for the month, a jump of 136% from December.

Companies added 107,000 workers in the first month of 2024, off from the downwardly revised 158,000 in December.

Eurostat released flash euro zone growth figures for the euro zone Tuesday.

The International Monetary Fund sees a reduced likelihood of a so-called hard landing, with inflation falling faster than expected.

There is a need to put in place medium-term fiscal plans that will accommodate a significant increase in spending pressures, the IMF's chief economist said.

The core personal consumption expenditures price index was expected to increase 0.2% monthly in December and 3% from a year ago.

More than half of respondents rated her performance so far as "very poor" or "poor," and the ECB union said she was characterized as an "autocratic leader."

GDP was expected to grow at a 2% annualized rate in the fourth quarter of 2023, according to economists surveyed by Dow Jones.

The rate hike comes amid an ongoing battle against double-digit inflation for Turkey's monetary policymakers.

The consensus outlook for the fourth quarter is that gross domestic product grew at a 2% seasonally adjusted annualized pace.

The world's second-largest economy has faced a slower-than-expected recovery in 2023 after exiting Covid-19 restrictions.

Markets have become less convinced that the Federal Reserve is ready to press the button on interest rate cuts.

The global economy does not need a "collapse" in order to bring inflation back to target and return to sustainable growth, according to Citi's Steven Wieting.

The signs of resilient consumer spending run somewhat counter to persistent inflation.