Euro zone inflation is back above 3%. Higher interest rates are likely to follow
People sunbath and swim during the African heatwave in Naples on August 4, 2026. Anadolu | Anadolu | Getty…
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Economy
China’s factory activity shrinks for second straight month, contracting less…
LIUZHOU, CHINA - JULY 25: Robotic arms assemble auto parts at the workshop of Guangxi Liuzhou Zhuotong Auto Parts…
K, C or E? Why economists can’t agree on the shape of today’s economy
Emily Park | CNBCC. K. E.Those aren't initials or Greek life letters. They're some of the terms that economists,…
Fed’s Hammack says ‘now is the time to act’ on raising interest…
Cleveland Federal Reserve President Beth Hammack on Thursday repeated her call for higher interest rates, saying…
Fed’s preferred inflation gauge shows core prices rose 3.3% annually in July
Prices consumers pay for a variety of goods and services rose slightly in July, according to the Federal Reserve's…
Bessent could tap near $1 trillion Treasury General Account to fund bond buybacks,…
The Treasury could use its near $1 trillion General Account to help fund its recently announced plans to increase…
Bessent’s bond gambit aimed at calming markets is instead stirring inflation…
Scott Bessent, Treasury Secretary, speaking a the CNBC Invest in America Forum in Washington, D.C. on April 15th,…
Bessent’s efforts in the Treasury market so far haven’t worked.…
Treasury Secretary Scott Bessent speaks to members of the media outside the White House in Washington, Aug. 20,…
Russia says its economy is strong. It just fired a top economist who warned…
People walk in front of a billboard honouring a participant in Russia's military action in Ukraine and reading…
The Iran war risks bringing the G7’s fastest-growing economy to a halt
England fans react during the England V Croatia in the 2026 FIFA World Cup match at Croydon Boxpark on June 17,…