Economy: Latest Financial Topics from CNBC

A female employee fills the tank of a car at a petrol station in Cairo, Egypt, February 24, 2016. REUTERS/Mohamed Abd El Ghany

Here is the latest Economic News from CNBC.

Fourth-quarter GDP revised up; corporate profits fall
U.S. economic growth slowed in the fourth quarter, but not as sharply as previously estimated.

Another rate hike may be coming soon: Fed’s Bullard
St. Louis Fed President James Bullard said that the decision not to hike seems to have pressured global and U.S. growth.

Jobless claims up; revisions show strong labor market
The number of Americans filing for benefits rose modestly, while revisions for prior weeks showed the labor market was much stronger than thought.

US durable goods orders fall amid strong dollar
New orders for long-lasting U.S. manufactured goods fell in February as the sector struggles with the strong dollar.

Fed’s Lacker confident inflation will return to 2%
U.S. inflation will likely accelerate in coming years and move toward the Federal Reserve’s 2 percent target, Jeffrey Lacker said.

Leading indicators tick higher in Feb
A key economic measure ticked higher in February, but fell just short of Wall Street expectations.

Job openings rise in January
There were 5.5 million job openings in January, up from 5.28 million job openings in December.

Jobless claims rise modestly in payrolls survey
The number of Americans filing for benefits rose from a five-month low, but remained below a level associated with a strengthening labor market.

Here’s what changed in the new Fed statement
This is a comparison of today’s FOMC statement with the one issued after the Fed’s previous policy-making meeting on Jan. 27.

Fed cuts year-end rate forecast to about 1 pct
See how March’s dot plot for federal-funds rate targets compared to that of December.

Fed leaves rates unchanged, sees 2 hikes this year
A dovish Fed held the line on interest rates and substantially scaled back its expectations for further moves ahead.

Fed funds futures push next rate hike to July: CME
Thirty-day Fed Fund futures prices are widely considered a bellwether of U.S. monetary policy changes.

Live: Yellen wary of recent moves in inflation
The Federal Reserve kept interest rates unchanged, meeting most market watchers’ expectations.

Mortgage applications drop 3.3% on fewer refinances
Higher interest rates pushed mortgage refinancing activity down further, and home buying isn’t picking up the slack.

US core consumer prices march higher in February
Underlying U.S. inflation increased more than expected in February, which could keep the Fed on course to gradually raise interest rates this year.

Housing starts rebound as single-family projects soar
Groundbreaking increased 5.2 percent to a seasonally adjusted annual pace of 1.18 million units.

US manufacturing output rises in February
The is expected to report that industrial production fell 0.3 percent in February after spiking 0.9 percent a month earlier.

World copying Japan’s slow-puncture economy: HSBC
The global economy appears trapped in Japan-style stagnation, HSBC’s senior economic adviser has said, adding his voice to the chorus of warnings.

US import prices fall for eighth straight month
U.S. import prices fell in February, but the pace of decline is slowing as the dollar’s rally fades and oil prices stabilize.

Calm markets, positive data prime Fed to raise rates
The Fed will have more credibility at its meeting next week when it says further rate hikes this year remain firmly on the table.

Why the ECB’s move is a good thing
There are several ways that negative interest rate policy can have a positive effect on the economy, says Economist Paul Diggle.

Consumers nearly $1T in debt: This could end badly
Rising debt issuance usually points to a strong economy, but danger could be lurking.

Real estate’s ticking bomb: Who gets hurt
Commercial real estate had a banner year in 2015. But there is, however, a catch that could cool the market quickly.

Trump trade plan could trigger recession: Experts
Even those saying Donald Trump has rightly diagnosed a problem with U.S. trade policies are wary of his prescriptions.

Jobless claims fall to lowest level since October
The number of Americans filing for benefits fell last week, pointing to strength in the labor market that should further dispel fears of a recession.

Wholesale inventories rise unexpectedly in January
Sales tumbled, suggesting that efforts by businesses to reduce an inventory overhang could persist well into 2016.

IMF urges action as risks to the world economy rise
Action is needed to boost the world economy, the IMF warned on Tuesday.

Expect higher rates from Fed this year: Survey
Businesses and investors should brace themselves for higher U.S. interest rates.

An ancient craft is brewing up new jobs
Small brewers, like Half Full in Connecticut, are seeing big growth, and that means thousands of new jobs for the industry.

Charts: What’s the real unemployment rate?
The Labor Department said Friday that the unemployment rate remained at 4.9 percent in February. But what does that number really mean?

How millennials can land their dream jobs
Millennials stand to benefit from a tightening jobs market, says Robert J. LaBombard. Here are his best tips for job-hunting college grads.

Plosser: Big rate catch-up may be needed
Former Philadelphia Fed president Charles Plosser says a March rate hike “would be a close call” if he were voting.

What recession? Job creation jumps in February
Despite the strong headline number, the closely watched average hourly wages actually declined for the month.

Trump White House may spark recession: Meg Whitman
Hewlett Packard Enterprise CEO Meg Whitman said Donald Trump’s policies could cause a U.S. recession and would increase the national debt.

THIS has put the Fed in a corner: Boockvar
The Fed may have to raise rates at an inopportune time as inflation picks up and elections loom, Peter Boockvar says.

Jobless claims up, but trend points to firming market
The number of Americans filing for benefits unexpectedly rose last week, but the underlying trend continued to point to a strengthening labor market.

US Q4 productivity falls less than expected
U.S. nonfarm productivity fell less steeply than expected in the fourth quarter, but still pushed up labor-related costs.

Hedge fund legend: Of course, THIS hitting stocks
“At best we’re going to muddle through,” Stanley Druckenmiller says.

Mortgage applications fall 4.8%, despite rate drop
Low mortgage rates are no longer a novelty, hence no longer a sudden incentive for mortgage borrowers.

Services surge gives boost to jobs picture: ADP
Amid rising recession expectations and turbulence financial markets, companies kept on creating jobs in February.

Construction spending jumps to 8-year high
Construction spending surged in January. Separately, the manufacturing sector contracted at a slower pace in February, the ISM said.

US consumer spending rises; inflation stirring
U.S. consumer spending rose solidly in January and underlying inflation picked up by the most in four years.

Consumer sentiment steady in February
Consumers were feeling slightly more optimistic than expected in February, according to a recent survey.

Powell: Fed’s approach to rates means surprises
The U.S. central bank’s data-driven approach to rates will surprise markets, Fed Governor Jerome Powell said on Friday.

US fourth-quarter growth revised up to 1 percent
Growth slowed in the fourth quarter, but not as sharply as initially thought, with businesses less aggressive in their efforts to reduce inventory.

US trade deficit rises to $62.23 billion
The deficit increased to $62.23 billion last month, from a $43.36 billion deficit in December.

Jobless claims up, but trend points to firming market
The number of Americans filing for unemployment benefits rose last week, but remained below levels consistent with a tightening labor market.

US durable goods orders rebound strongly in January
New orders for long-lasting U.S. manufactured goods in January rose by the most in 10 months.

Fed’s Bullard: Why stock correction was good
Jim Bullard also blames the market turmoil to traders factoring in all at once projections for four rate hikes in 2016.

Fischer: Too early to assess hit from market volatility
Federal Reserve Vice Chair Stanley Fischer said the Fed simply did not know what course of action it would take at its next meeting.

Fed’s Lacker: There’s a case for further rate hikes
Richmond Fed President Jeffrey Lacker said on Wednesday he saw no evidence in economic data that a recession was imminent for the United States.

Services sector contracts unexpectedly in February
The U.S. services sector unexpectedly contracted in February, an industry report showed on Wednesday.

Ouch! New home sales fall sharply in January
New U.S. single-family home sales tumbled in January from a 10-month high as sales in the West region plunged.

Why the Fed’s inflation strategy will fail
Central banks are guaranteed to fail in their effort to produce viable growth through inflation, says Michael Pento.

Dealmaker Jimmy Dunne: Replace Yellen as Fed chair
Janet Yellen should be replaced as Federal Reserve chair, long-time Wall Street dealmaker Jimmy Dunne tells CNBC.

House Speaker Ryan: Trump tapping into voter anger
The House speaker says Donald Trump’s rise can be explained by voters being upset that America is on the wrong track.

US home prices rise 5.7% in Dec: S&P/Case-Shiller
Home prices in major metropolitan areas continued to rise in December, though the gains came in slightly behind expectations.

Fed’s Williams: Gradual rate hikes the ‘best course’
The Federal Reserve should stick with its plan to raise interest rates gradually, a top policymaker said on Thursday.

Core inflation posts largest gain in 4-1/2 years
Rising rents and medical costs lifted underlying inflation, signs of an uptick in price pressures that could allow the Fed to raise interest rates.

Fed’s Mester: Economy ‘solid,’ gradual hikes ahead
The Cleveland Fed chief said she expects the U.S. central bank to continue on a “gradual” pace of rate increases.

US jobless claims fall as labor market tightens
The number of Americans filing for benefits unexpectedly fell, pointing to labor market strength that could keep Fed rate hikes on the table.

Leading indicators slide in January
But in spite of the dip, the economy is still on pace for moderate expansion.

‘We’re nearly out of ammo to combat risks to growth’
Risks to global growth have increased and world leaders have little left in their policy arsenals to mitigate the threat, Moody’s warned.

Bullard: Fed would be ‘unwise’ to hike rates
It would be “unwise” for the Fed to continue hiking interest rates given declining inflation expectations and market volatility, James Bullard said.

Message matters: Trump won, Yellen didn’t: Kudlow
A lesson in the two biggest news events of the past week.

New York state factory activity weaker than expected
Manufacturing activity in New York state was weaker than expected in February, a New York Federal Reserve survey showed on Tuesday.

Refinancing pushes mortgage applications 8.2% higher
Applications to refinance mortgages are now at the highest level in over a year.

US producer prices edge up on machinery, services
Producer prices unexpectedly rose as margins for machinery and equipment climbed, but lower energy prices and a strong dollar kept inflation in check.

US housing starts, building permits fall in January
U.S. housing starts unexpectedly fell in January likely as bad weather disrupted building projects.

Fed’s Kashkari: We’re in a ‘pickle’ over rates
Faced with another financial crisis, Minneapolis Fed’s Neel Kashkari also tells CNBC banks would still need a bailout.

US industrial output surged 0.9 percent in January
Industrial production rose in January after three straight months of declines, buoyed by a strong utilities index and growing manufacturing sector.

Amid turmoil, this market screeches to a halt
Only during the weeks of Christmas, Thanksgiving and New Year’s does this typically occur.

Ex-Fed pres: This bear market belongs to the Fed
Is the Fed to blame for a rough 2016? A former Fed policymaker thinks so.

Bob Doll: Recession odds 50-50, but I’m hopeful
Nuveen’s Bob Doll tells CNBC why he doesn’t see a recession this year and what’s next for the stock market.

US retail sales rebound solidly in January
U.S. consumer spending appeared to regain momentum, in a hopeful sign that economic growth was picking up after slowing to a crawl at the end of 2015.

US import prices fall on oil slide, strong dollar
U.S. import prices fell in January for a seventh straight month as the cost of petroleum products continued to decline.

‘Arrogant’ Fed—stop swimming upstream: Mark Grant
“America is pretending like we’re this island,” when all other major central banks are easing, Mark Grant tells CNBC.

Consumer sentiment falls in February
Consumers are feeling less optimistic than expected so far this month, a survey said Friday.

US business inventories edged up in December
US business inventories edged up in December, pushing the inventory-to-sales ratio the highest level since 2009.

Key Fed official sounds positive note on economy
The US economy is healthy and better equipped for shocks than before the financial crisis, the Fed’s Bill Dudley says.

The danger of negative interest rates
Negative interest rates ARE feasible but there are some serious risks, explains Notre Dame Professor Eric Sims.

Rate hike expectations rise after jobs report
Expectations for Fed rate hikes in 2016 rose Friday after a jobs report that came in far ahead of Wall Street expectations.

WHOA! Job creation surges in December
The U.S. economy closed out 2015 with a huge round of job creation.

Charts: What’s the real unemployment rate?
The government said the unemployment rate was steady in December. But what’s the real unemployment rate?

Reich: Strong jobs report has these flaws
Despite strong job growth, Friday’s December report showed blemishes, former U.S Labor Secretary Robert Reich contended.

The $248B Fed offer investors couldn’t refuse
America’s central bankers were selling arguably the best and the safest fixed-income assets on the planet, for very good reasons.

Ford CEO: The consumer is still ‘pretty healthy’
Ford CEO Mark Fields says job market improvement will help keep consumers spending.

Could this be the new model for central banks?
The Bank of England should scrap its rate-setting committee and use quantitative easing as its main monetary tool, says a new study.

3 ways to jump-start job growth
There is a national emergency that no one is talking about: The existing drivers of job creation are dying, says Ryan Streeter.

Sanders challenges Clinton’s new tax proposal
Presidential candidate Bernie Sanders, who has not yet specified his own tax plan, condemned Hillary Clinton’s new tax proposal.

States deal with real cost of minimum-wage hikes
In the continued absence of a minimum-wage hike from Congress, more than a dozen states raised their own minimums as of January.

SOTU: Obama still needs to rein in Wall Street
President Obama is set to give his last State of the Union address on Tuesday. Here’s what still needs to get done, says Prof. Michael Barr.

BP to slash thousands more jobs in face of oil downturn
BP announced plans on Tuesday to slash 5 percent of its global workforce in the face of a continued slump in oil prices.

Slower, sustainable China growth positive: Lagarde
Slower but more sustainable, economic growth in China will benefit the world in the long-term, the head of the IMF said on Tuesday.

Job openings barely rise in November
Job openings were nearly flat at 5.431 million in November, the Bureau of Labor Statistics said Tuesday.

Supreme Court could deal unions a major setback
A ruling in the teachers’ favor would affect millions of government workers. The New York Times reports.

US consumer prices fall on lower energy prices
U.S. consumer prices unexpectedly fell in December, a trend that if sustained suggests inflation could be slow to rise toward the Fed’s target.

US housing starts fall 2.5% in December
U.S. housing starts and permits fell in December after hefty gains the prior month.

When will the Fed move—and does it even matter?
Do rate hikes stoke extreme market fear, or are they just “pushing on a string?”

Chicago Fed National Activity Index improves
The U.S. December Chicago Fed National Activity Index narrowed to -0.22 from the revised -0.36 the previous month.

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