Biden administration to impose inflation penalties on dozens of drugmakers
The Biden administration will subject dozens of drugmakers to inflation penalties, the White House said on Thursday, in a move…
European stocks close higher after Bank of England, ECB keep policy unchanged; Fed signals rate cuts
This is CNBC’s live blog tracking developments on the war in Ukraine. See below for the latest updates. European markets…
Bank of England set to hold interest rates as economists debate 2024 cuts
LONDON — The Bank of England is all but certain to keep its main interest rate unchanged at 5.25% for…
‘Too many things unaffordable:’ Biden fires up price wars as inflation cools
New data from the Federal Reserve suggests that inflation further cooled in November. But President Joe Biden’s crusade to convince…
Inflation fears down, consumer optimism up: Economy may start to help Biden with voters
Two new surveys released in recent days suggest consumers may be starting to feel more optimistic about inflation. This could…
Geopolitics and central banks could keep gold demand hot in 2024, World Gold Council says
Gold prices hit another record high this week after a roaring 2023, and a combination of geopolitical tensions and continued…
‘Excess profits’ at big energy and consumer companies pushed up inflation, report claims
LONDON — Major companies in the energy and food sectors amplified inflation in 2022 by passing on greater cost increases…
Fed Chair Powell calls talk of cutting rates ‘premature’ and says more hikes could happen
Federal Reserve Chairman Jerome Powell on Friday pushed back on market expectations for aggressive interest rate cuts ahead, calling it…
Here’s what it would take for the Fed to start slashing interest rates in 2024
Interest rate cuts don’t happen during good times, something important for markets to remember amid hotly anticipated easing next year…
White House puts corporate ‘price gouging’ front and center: ‘We see American families hurting’
The White House doubled down Tuesday on President Joe Biden’s warning to companies that have not cut retail prices, even…
