Is there a decline in consumer spending? Here's what CEOs are saying – Business News (Trending Perfect)

[ad_1] People walk past Sweetgreen restaurant in Manhattan on September 14, 2023. Jenna Moon | The Washington Post | Getty Images As prices and interest rates continue to rise, Chipotle Burrito bowls and European vacations are still on the table for many consumers. But Big Macs and kitchen remodels are not. The latest round of … Read more

United Airlines (UAL) Q1 2024 earnings – Business News (Trending Perfect)

[ad_1] A United Airlines Boeing 737 MAX 9 landed at San Francisco International Airport. Justin Sullivan | Getty Images United Airlines The company on Tuesday lowered its forecast for aircraft deliveries for this year as it faces delays Boeingthe latest airline to face growth challenges due to the plane manufacturer's safety crisis. United expects to … Read more

Fed Chair Powell says there has been “no further progress” this year on inflation – Top Stories (Trending Perfect)

[ad_1] Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day closed-door meeting of the Federal Open Market Committee on the Federal Reserve's interest rate policy in Washington, D.C., on December 13, 2023. Kevin Lamarque | Reuters Federal Reserve Chairman Jerome Powell said Tuesday that the U.S. economy, while strong, has not … Read more

Why are car insurance costs skyrocketing, leading to higher inflation? – Top Stories (Trending Perfect)

[ad_1] Robert Crum | Getty Images DETROIT – Soaring auto insurance costs helped contribute to faster-than-expected inflation in March, adding to the increasingly expensive costs for U.S. car owners. On a monthly basis, car insurance prices as part of the Consumer Price Index rose by 2.7% unadjusted, while on an annual basis they rose by … Read more

Wholesale prices rose 0.2% in March – Global News (Trending Perfect)

[ad_1] A measure of wholesale prices rose less than expected in March, providing some potential relief from concerns that inflation will remain higher for longer than many economists expected. The Producer Price Index rose 0.2% during the month, less than the Dow Jones estimate of 0.3% and not the same 0.6% increase in February, according … Read more

Consumer prices rose 3.5% year over year in March – Top Stories (Trending Perfect)

[ad_1] The consumer price index accelerated faster than expected in March, pushing inflation higher and likely dashing hopes that the Federal Reserve could cut interest rates anytime soon. The Consumer Price Index, a broad measure of the costs of goods and services across the economy, rose 0.4% during the month, bringing the 12-month inflation rate … Read more

Yellen says she will not rule out possible tariffs on China's green exports – Top Stories (Trending Perfect)

[ad_1] US Treasury Secretary Janet Yellen said on Monday that she would not rule out taking any measures, including potential tariffs, on Chinese green energy exports. “I'm not ruling anything out at this point,” she said in an interview with CNBC's Sarah Eisen. “We need to keep everything on the table. We want to work … Read more

Will the Fed cut interest rates this year? – Global News (Trending Perfect)

[ad_1] The Federal Reserve is determined not to cut interest rates too early — and some economists say recent data has pushed summer rate cuts completely off the table. Friday's jobs report underscored the seemingly unwavering strength in the US labor market and signaled the need for more caution from the Federal Reserve. All eyes … Read more

El-Erian says that the Fed has turned into a theatrical commentator – Top Stories (Trending Perfect)

[ad_1] Muhammad Ali Al-Erian, economic advisor to Allianz SE. Bloomberg | Getty Images The US Federal Reserve has become too dependent on data and has lost its overall strategy, Mohamed El-Erian, chief economic advisor at Allianz, said on Friday. The economist told CNBC that a longer-term, more strategic outlook could see policymakers settle on a … Read more

The Fed's Powell stresses the need for more evidence that inflation is falling before cutting interest rates – Top Stories (Trending Perfect)

[ad_1] Federal Reserve Chairman Jerome Powell speaks during the Stanford Forum on Business, Government and Society at Stanford University on April 03, 2024 in Stanford, California. Justin Sullivan | Getty Images Federal Reserve Chairman Jerome Powell said on Wednesday that it will take some time for policymakers to assess the current state of inflation, making … Read more