Rick Rieder, BlackRock Senior Managing Director, Chief Investment Officer of Global Fixed Income, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023. Adam Jeffery | CNBC The White House search for the next Federal Reserve chair continues to twist and turn, with BlackRock bond chief Rick Rieder emerging as the…
Prices consumers pay for a variety of goods and services moved higher than expected in August while jobless claims accelerated, providing challenging economic signals for the Federal Reserve before its meeting next week. The consumer price index posted a seasonally adjusted 0.4% increase for the month, the biggest gain since January, putting the annual inflation…
Customers look over clothing items displayed on April 18, 2025 at a Costco branch in Niantic, Connecticut. Robert Nickelsberg | Getty Images The producer price index, a gauge of costs at the wholesale level in the U.S. economy, posted an unexpected 0.1% decline in August. Here’s what to know: For the third time this year,…
A worker packages cast iron cookware at the Lodge Manufacturing Co. factory in South Pittsburg, Tennessee, on Monday, March 7, 2022. Luke Sharrett | Bloomberg | Getty Images Wholesale prices surprisingly fell slightly in August, providing breathing room for the Federal Reserve to approve an interest rate cut at its meeting this month, according to…
Check out the companies making headlines after the bell : Oracle — The tech old guard jumped 23% after reporting that multicloud database revenue from Amazon, Google and Microsoft grew at the rate of 1,529% in its last quarter. Shares surged despite the company also reporting fiscal first-quarter earnings and revenue that came in below…
Beef is prepared for a customer in a grocery store in Miami, Florida, on July 22, 2025. Joe Raedle | Getty Images Key inflation reports this week are expected to show that prices accelerated again in August, though not in a way that would keep the Federal Reserve from reducing its benchmark interest rate at…
A construction worker is shown on the job site at a multi-unit residential housing project in Encinitas, California, U.S., July 28, 2025. Mike Blake | Reuters With job growth tanking and the economy wobbling, pressure is on for the Federal Reserve to start lowering interest rates, with markets now expecting a cut at each of…
The labor market created far fewer jobs than previously thought, according to a Labor Department report Tuesday that added to concerns both about the health of the economy and the state of data collection. Annual revisions to nonfarm payrolls data for the year prior to March 2025 showed a drop of 911,000 from the initial…
Traders work at the New York Stock Exchange on Aug. 29, 2025. NYSE Traders are leaving open the option the Federal Reserve next week could cut its key interest rate by half a percentage point, though most on Wall Street think the bar for doing so is pretty high. In the most likely scenario being…
In the latest sign of trouble for the U.S. labor market, confidence in the ability to move from one job to another has hit a record low, according to a New York Federal Reserve survey released Monday. Respondents to the central bank’s monthly Survey of Consumer Expectations for August indicated a 44.9% probability of finding…
