U.S. Economy

Job seekers are sour on the cooling labor market

Workers are souring on the state of the job market. Job seeker confidence in Q2 2024 fell to its lowest…

Here’s why you may get a smaller pay raise next year

Many workers will see their annual raise shrink next year as the job market continues to cool from its torrid…

Majority of pledged Democratic delegates endorse Harris after massive fundraising day

This is CNBC’s live blog covering news and updates on Joe Biden’s decision to bow out from the U.S. presidential…

Traders see the odds of a Fed rate cut by September at 100%

Traders are now 100% certain the Federal Reserve will cut interest rates by September. There are now 93.3% odds that…

Trump 2.0 could be bad news for global inflation, analysts say

A second presidential term for former President Donald Trump could reignite global inflation as his America-first policies drive up costs…

World leaders condemn assassination attempt on Trump: ‘Tragedy for democracy’

World leaders have joined together to condemn the assassination attempt on former U.S. President Donald Trump over the weekend. Trump…

Majority of economists say inflation would be higher under Trump than Biden: WSJ survey

A majority of economists surveyed by The Wall Street Journal said former President Donald Trump’s policies would be more likely…

Here’s the deflation breakdown for June 2024 — in one chart

Inflation has throttled back significantly since peaking two years ago. The U.S. economy is even seeing some prices deflate for…

‘Why would you tinker with it if it’s not broken?’: Economist on why the Fed may not cut rates in September

Markets now firmly expect a September interest rate cut in the U.S., but the Federal Reserve has a strong reason…

High inflation is largely not Biden’s or Trump’s fault, economists say

Inflation decelerated again in June, bringing further relief to consumers’ wallets. The consumer price index rose 3% in June 2024…