People shop for groceries at a supermarket in Manhattan on Aug. 25, 2026 in New York City. Angela Weiss | AFP | Getty Images The Social Security cost-of-living adjustment for 2027 may be around 3.5% to 3.6%, according to new estimates based on government inflation data — which would push the annual adjustment to the…
A driver refuels a vehicle at a Chevron gas station in Miami, Florida, Sept. 3, 2026. Zak Bennett/Bloomberg via Getty Images Inflation remained stubbornly high in August — and economists said consumers are likely to continue to feel the financial pain in coming months as tensions flare in the Middle East, driving up gasoline and…
U.S. Treasurys steadied on Friday, as bond markets remained on edge after yields surged to multiyear highs during Thursday’s session. The 10-year U.S. Treasury note yield —the key benchmark for mortgage borrowing, auto loans and credit card debt — was flat in early trade at 4.9424%. The longer-dated 30-year Treasury bond yield, which is more sensitive to geopolitical risks,…
Energy prices will dictate whether the European Central Bank needs to hike interest rates into restrictive territory, Germany’s central bank chief told CNBC on Friday. “It’s very much dependent on how the energy prices evolve, how the price picture is evolving over the course of maybe the next month,” Joachim Nagel told CNBC’s Annette Weisbach…
Treasury yields hit multi-year highs on Thursday as traders await the release of U.S. wholesale inflation data later due later in the session The 10-year U.S. Treasury note yield — the key benchmark for mortgage borrowing, auto loans and credit card debt — was up more than 2 basis points at 4.867%. That’s the highest level…
Christine Lagarde, president of the European Central Bank (ECB), during a rates decision news conference in Frankfurt, Germany, on Thursday, June 11, 2026. Alex Kraus | Bloomberg | Getty Images The European Central Bank is widely expected to raise interest rates on Thursday, but uncertainty around the U.S.-Iran war is clouding the outlook for its…
UBS CEO Sergio Ermotti on Thursday warned that investors have grown complacent over the past few years, even as geopolitical and economic risks have mounted. “There has been a level of complacency in financial markets in the last few years,” Ermotti told CNBC’s Christine Tan, adding that given the environment one would have expected considerably…
The British pound has largely shrugged off another change of government and geopolitical shocks to outperform many of its peers this year, but the currency’s recent weakness could be set to deepen. Sterling has gained around 1.6% against the euro year-to-date, adding 2.8% against the Swiss franc, 4.9% against the Swedish krona and 1% against…
China’s consumer and wholesale inflation rebounded in August, as higher global commodity costs and surging high-tech demand cushioned persistently tepid domestic consumption. The producer price index increased 3.8%, according to data released by the National Bureau of Statistics on Wednesday, exceeding economists’ forecast for a 3.6% gain and outpacing July’s 3.5%, the weakest in three…
A trader works on the floor of the New York Stock Exchange. NYSE Global markets have shrugged off a barrage of shocks in recent years, but HSBC sees several developments that could eventually end that streak. The key risks include higher corporate taxes, a renewed rise in private-sector debt and a shift in the relationship…
