Brazil is instead looking to boost its trade ties across the world, Eduardo Guardia told CNBC. » Read More
By: Jeff Cox
Hopes are continuing to dim for breakout first-quarter growth, as economists continue to scale back expectations. Barclays became the latest to capitulate, as it slashed its Q1 estimate for gross domestic product from 2.5 percent all the way to 1.5 percent. » Read More
By: Silvia Amaro
The lack of trust among global trade partners must be fixed, Christine Lagarde, managing director of the International Monetary Fund, told CNBC on Thursday. » Read More
New applications for U.S. unemployment benefits fell last week, indicating continued job growth after a slowdown in March. » Read More
The U.S. economy is firing on all cylinders, yet 75 percent of ultra-high net worth investors predict it will hit recession by 2020, a J.P. Morgan survey found.
Uncertainties surrounding trade and the federal budget will be the main challenges to Federal Reserve policymakers, outgoing New York Fed President William Dudley said Wednesday. As he prepares to leave his position in June, Dudley said in a speech that he feels confident that the policymaking Federal Open Market Committee is close to its objective of full employment and price stability.
A sudden upswing in crude futures could be enough to fast-track the energy market's next crisis, one economist told CNBC on Thursday.
Kristalina Georgieva's comments come as the IMF has warned of "dark clouds" on the horizon for the global economy.
"Robust" business borrowing, rising consumer spending, and tight labor markets indicate the U.S. economy remains on track for continued growth, the Federal Reserve reported.
The economy is in good shape and appears to have some staying power, Goldman Sachs CEO Lloyd Blankfein tells CNBC, despite worries that the 9-year-old bull market in stocks is coming to an end.
The CBO projects the federal deficit will top a staggering $1 trillion in the next two years, and debt could equal GDP within a decade.
Sterling and U.K. bond yields drop following the data release.
A lot of negotiations has to be done by the two economic giants to iron out frictions that saw both threatening to increase tariffs on each other's products in the last few weeks, according to Haibin Zhu, JPMorgan's chief China economist.
With inflation still kept at pay, interest rates can go up in a gradual manner without causing the economy to overheat, Chicago Fed President Charles Evans said. The central bank official said that both inflation readings and expectations remain low.
San Francisco Federal Reserve Bank President John Williams said he expects U.S. inflation to rise to the U.S. central bank's 2-percent goal this year and to continue at that goal for a couple of years.
Philadelphia Federal Reserve President Patrick Harker said rising debt levels could dissuade students from pursuing higher education, buying homes and funding other investments.
"Rent, home prices and college costs have all increased faster than incomes in the U.S."
In the first quarter, corporate America dedicated $305 billion to stock buybacks and cash takeovers compared with $131 billion in pretax wage growth, according to TrimTabs.
Rising economic growth will help pay for a temporary shortfall in tax receipts, U.S. Treasury Secretary Steven Mnuchin said Tuesday.
U.S. homebuilding increased more than expected in March amid a rebound in the construction of multi-family housing units.
Get the best of CNBC in your inbox