WASHINGTON, Feb 27- U.S. economic growth braked more sharply than initially thought in the fourth quarter as businesses slowed their pace of stock accumulation and the trade deficit widened, but the underlying fundamentals remained solid. Gross domestic product expanded at a 2.2 percent annual pace, revised down from the 2.6 percent pace estimated last month,...» Read More
Our quote of the day comes from shipping magnate Aristotle Onasis: "The secret of business is to know something that nobody else knows." We're letting you know what's going on in China--with the American and Chinese economic talks. CNBC's Carl Quintanilla is on the scene with the latest today.....
U.S. import prices posted a surprising 0.2% rise in November even though oil import prices fell, according to a new government report this morning.
Finland's annual inflation rate jumped to 2.1% in November, the highest figure in almost five years, the government statistics agency said Thursday.
German consumer prices dipped in November as lower fuel prices caused an easing on costs in Europe's biggest economy.
Consumer price inflation in the United Kingdom accelerated to 2.7% percent in November compared to the same month a year ago -- the highest rate in a decade, the government said Tuesday.
The U.S. jobs numbers are out -- 132,000 new jobs – unemployment rate is 4.5% - and average hourly earnings are up 0.2%. On this morning's "Squawk Box," Mark Zandi, Chief Economist at Moody’s.com, along with CNBC’s Ron Insana and Steve Liesman sifted through all the data and weighed in on what it means.
In an exclusive interview on cnbc.com, Chicago Fed President Michael Moskow said inflation is moving in the right direction, but the Fed isn't prepared to let down its guard.
slower-than-expected rise in Japan's inflation rate threw cold water on hopes of an interest rate hike by the Bank of Japan
Average U.S. home prices rose 7.73% over the 12 months to Sep. 30, but the quarter-to-quarter gain was the lowest since 1998 and indicates a sharp deceleration in house price gains, the U.S. Office of Federal Housing Enterprise Oversight.