CNBC's Steve Liesman reports a statement from Patrick Harker, Philadelphia Fed president, that rate hikes are likely and unemployment could hit 4.2% by the end of 2018.
The German economy grew by 0.6 percent in the first quarter of 2017, driven by higher investment in construction, machinery and equipment, robust household and state spending as well as strong exports, the Federal Statistics Office said on Friday.
France’s Finance Minister Michel Sapin has said that he wants the newly-elected President Emmanuel Macron to succeed and win a majority in the country’s upcoming parliamentary election, though he insisted a cohabitation government would not hamper the country’s prospects.
First-time claims for state unemployment benefits were expected to total 245,000 in the most recent week, up from the 238,000 claims reported for the week earlier.
CNBC's Rick Santelli breaks down the latest numbers on unemployment and producer prices. CNBC's Steve Liesman weighs in.
The Bank of England (BOE) held interest rates steady at 0.25 percent, as expected, on Thursday while implementing some widely anticipated modifications to its growth and inflation assumptions over the three-year forecast horizon.
*Britain's growth revised up, but to fall from pre-Brexit levels. BRUSSELS, May 11- Euro zone economic growth should grow a bit faster this year than previously believed and the unemployment rate could be the lowest in a decade, the European Commission said on Thursday. The Commission's forecasts, published three times a year, predict all euro zone countries will...
UBS Head of U.K. Rates Strategy John Wraith speaks about the Bank of England's monetary policy ahead of its inflation report and rate decision.
Former Brazilian President Luiz Inacio Lula da Silva made a fiery defense against corruption charges leveled against him during five hours of testimony on Wednesday.
This raised fresh doubts about whether the European Central Bank can start rolling back its stimulus measures soon.
Vasileios Gkionakis, head of global FX strategy at Unicredit, and Simon Derrick, chief currency strategist at BNY Mellon, discuss Emmanuel Macron's priorities upon taking office in France.
China's foreign exchange reserves rose in April for a third straight month.
Raising women's participation could boost economic output by 5 percent, Yellen said, according to the NYT.
*Average hourly earnings increase 7 cents. WASHINGTON, May 5- U.S. job growth rebounded sharply in April and the unemployment rate dropped to 4.4 percent, near a 10- year low, pointing to a tightening labor market that likely seals the case for an interest rate increase next month despite moderate wage growth. "These developments should keep the Fed firmly on track...
May 5- America is truly a land of miracles: high profits without investment and low unemployment without wage growth- the economic equivalent of water flowing uphill. Friday brought news that, despite the unemployment rate falling to 4.4 percent, the lowest in more than a decade, average hourly earnings only inched up 2.5 percent compared to a year before.
"We've delayed a little bit too long in reducing the size of the balance sheet," St. Louis Federal Reserve Bank President James Bullard said.
Tom Porcelli, RBC Capital Markets chief economist, and David Kelly, JPMorgan chief global strategist, discuss the market impact of April's jobs report.
Jan Hatzius, Goldman Sachs chief economist, discusses the strong April jobs report.
The number of nonfarm jobs created in April was expected to total 185,000, up from the 98,000 jobs reported a month earlier.
Jeff Rosenberg, BlackRock; Ryan Streeter, American Enterprise Institute; and Jared Bernstein, Center on Budget and Policy Priorities, discuss April's strong jobs report and its likely impact on the markets, and Fed policy.