Your Pulse On America: Live And Unfiltered
Economist Marc Sumerlin, one of nearly a dozen reported contenders for Federal Reserve chair, said Thursday he’d be interested in the job and believes an aggressive interest rate cut would be appropriate. Sumerlin, a former senior economist under then-President George W. Bush, said on CNBC that lowering the Fed’s key rate would be an easy…
Wholesale prices rose far more than expected in July, providing a potential sign that inflation is still a threat to the U.S. economy, a Bureau of Labor Statistics report Thursday showed. The producer price index, which measures final demand goods and services prices, jumped 0.9% on the month, compared to the Dow Jones estimate for…
People shop for pet supplies at a pet retail store in Manhattan on August 12, 2025 in New York City. Spencer Platt | Getty Images Goldman Sachs is taking the heat for its call that heavier tariff-induced consumer inflation is ahead, but it’s far from alone in that view among its Wall Street brethren. Despite…
A widely followed measure of inflation accelerated slightly less than expected in July on an annual basis as President Donald Trump‘s tariffs showed mostly modest impacts. The consumer price index increased a seasonally adjusted 0.2% for the month and 2.7% on a 12-month basis, the Bureau of Labor Statistics reported Tuesday. That compared with the…
President Donald Trump on Thursday announced he has selected Stephen Miran, chair of the Council of Economic Advisors, to serve on the Federal Reserve Board of Governors, replacing Adriana Kugler, who resigned Friday. The nominee will serve out Kugler’s term, which expires Jan. 31, 2026. “In the meantime, we will continue to search for a…
US President Donald Trump speaks in the Oval Office of the White House in Washington, DC, US, on Wednesday, Aug. 6, 2025. Bonnie Cash | Bloomberg | Getty Images President Donald Trump’s overall and economic approval ratings remain in negative territory despite a slight improvement in the latest CNBC All-America Economic Survey. More troubling for…
Apple CEO Tim Cook speaks during the Apple Worldwide Developers Conference in Cupertino, California, June 9, 2025. Justin Sullivan | Getty Images News | Getty Images Apple shares popped 5% on Wednesday, ahead of an Oval Office event touting an update to the company’s stated plans to spend and invest in the U.S. CEO Tim…
President Donald Trump told CNBC on Tuesday that he has narrowed the field of potential future Federal Reserve chairs to four candidates, a list that does not include Treasury Secretary Scott Bessent. While the president did not disclose who is in contention, he revealed that Bessent, previously considered a leading candidate, has taken himself out…
Caution tape hangs near the steps of Federal Hall across from the New York Stock Exchange in New York. Michael Nagle | Bloomberg | Getty Images Though it may have been controversial, the July jobs report helped confirm the notion that the U.S. economic engine is sputtering. Nonfarm payrolls rose by just 73,000 for the…
Two Federal Reserve officials who voted this week against holding a key interest rate in place explained their decisions Friday, both indicating that the central bank is making a mistake by waiting to ease policy amid rising threats to the labor market. Governors Christopher Waller and Michelle Bowman both said they wanted a quarter percentage…