CNBC Economy

The University of Michigan's Survey of Consumers showed a reading of 78.8 for the month, its highest level since July 2021.

Sales volumes fell by 3.2% in December, after a poll by Reuters suggested a fall of just 0.5%.

The Atlanta Fed president said a "golden path" economic scenario is getting closer than many Fed officials had expected.

Initial filings for unemployment insurance totaled 187,000 for the week ended Jan. 13.

Retail sales increased 0.6% for the month, buoyed by a pickup in clothing and accessory stores as well as online nonstore businesses.

The number of companies that failed to make required payments on their debt totaled 153 for 2023, up from 85 the year before.

The comments, delivered during a speech in Washington, D.C., seemed to counter market anticipation for aggressing easing this year.

The estimate is in line with the expectations of analysts polled by Reuters.

The producer price index fell 0.1% for the month and ended 2023 up 1% from a year ago, the Labor Department reported Friday.

The consumer price index for December was expected to increase 0.2% on a monthly basis and 3.2% from a year ago, according to Dow Jones.

The budget deficit totaled almost $510 billion, following a shortfall of $129.4 billion in December alone.

Maersk CEO Vincent Clerc said it was unclear whether Red Sea trade would resume in "days, weeks or months."

The beleaguered lira has fallen some 37% against the U.S. benchmark over the past year.

The Saudi government expects $20 billion in deals will be signed at the annual minerals forum in Riyadh this week.

The consumer price index is projected to have risen 0.2% in the final month of 2023, or 3.2% for the full year.

Retailers chalked up solid gains in the final month to wrap up the holiday season, according to the CNBC/NRF Retail Monitor for December.

The world economy is moving into a new so-called super-cycle, with AI and decarbonization being driving factors, a Goldman Sachs analyst says.

The state of the U.S. economy may be a chief concern among Americans, but 2023 wound up as a pretty good year for the macroenvironment.

Nonfarm payrolls were expected to increase by 170,000 in December, according to a Dow Jones consensus estimate.

Black Americans, the group with the highest jobless percentage in the country, saw their jobless rate dip to 5.2% in December from 5.8% in the previous month.