Federal Reserve President Austan Goolsbee said Friday a mixed bag of inflation data this week coupled with lingering uncertainty over tariffs have given him some hesitation about lowering interest rates. Previously, Goolsbee has spoken of a “golden path” that would combine moderating inflation and a stable labor market and lead to lower rates. But in…
Traders work on the floor of the New York Stock Exchange on August 11, 2025. NYSE Small-cap stocks jumped Wednesday, bucking the decline from some of the market’s largest companies, as investors bet that the Federal Reserve will cut interest rates starting in September — lowering the cost of capital and possibly boosting consumer spending….
Thousands of sunbathers enjoy the hot, sunny weather on Brighton Beach in East Sussex. An amber heat-health alert is active nationwide, with temperatures expected to reach 34°C, during the UK’s fourth heatwave of the year. Sopa Images | Lightrocket | Getty Images The U.K. economy expanded by a better-than-expected 0.3% in the second quarter, according…
This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here. The dispatch After several years in the Big Apple, I knew my return to London would be a culture shock. Instead of Times Square with its skyscrapers and blinding lights, I would roam around Piccadilly Circus and its Victorian…
Goldman Sachs CEO David Solomon participates in an Invest America Roundtable in the State Dining Room at the White House, in Washington, June 9, 2025. Evelyn Hockstein | Reuters President Donald Trump on Tuesday said Goldman Sachs CEO David Solomon should either replace the bank’s economist or “just focus on being a DJ,” days after…
It was a dizzying week on Wall Street. The S & P 500 closed this past Monday at a record high and then went on a four-session losing streak. Friday was particularly unsettling as terrible jobs data slammed the market and triggered President Donald Trump . Trump started the day by slamming Federal Reserve Chairman…
Treasury yields moved higher on Wednesday after the Federal Reserve kept interest rates unchanged and after the U.S. economy grew at a faster-than-expected pace in the second quarter. The 10-year Treasury yield rose 4 basis points to 4.368%. The 2-year yield was up 7.2 basis points at 3.947% and the 30-year bond yield added 2.7 basis points to 4.897%. Prices…
The President of the European Central Bank Christine Lagarde at the 2025 European Central Bank Forum on Central Banking on June 30, 2025 in Sintra, Portugal. Horacio Villalobos | Corbis News | Getty Images The European Central Bank on Thursday kept interest rates steady amid major economic uncertainty, as the European Union scrambles to negotiate…
Skyscrapers on the skyline from the offices of the European Central Bank in Frankfurt, Germany, on Monday, Nov. 25, 2024. Bloomberg | Bloomberg | Getty Images Next week, the CNBC teams are back on the road – and it’s all about the banks and the ECB. From Frankfurt to Milan, and Paris to London, the…
U.S. Federal Reserve Chair, Jerome Powell and U.S. President Donald Trump. Annabelle Gordon | Kevin Lamarque | Reuters If President Donald Trump tries to fire Federal Reserve Chair Jerome Powell, it would almost certainly set off a courtroom battle that legal and policy experts say is bound to get messy, with uncertain impacts on the…
