CNBC

Government debt that has swelled nearly 50% is capturing increasing worry both on Wall Street and in Washington.

There are some signs that shoppers are holding off on big-ticket buys, the latest signal of the economy contracting at the hands of tighter monetary policy.

"As far as Europe is concerned we need a more mature attitude in our trade," EU economics head Paolo Gentiloni told CNBC.

The European Central Bank's Financial Stability Report said that interest rate expectations have created the "potential for outsized market reactions."

The consumer price index was expected to increase 3.4% from a year ago, according to the Dow Jones consensus estimate.

The Labor Department's Bureau of Labor Statistics will provide the consumer price index data Wednesday at 8:30 a.m. ET.

The producer price index was expected to increase 0.3% in April, according to the Dow Jones consensus estimate.

On a one-year basis, the expectation increased to 3.3%, up 0.3 percentage point from March and the highest since November 2023.

The University of Michigan Survey of Consumers posted a reading of 67.4 for May, down from 77.2 in April.

Consumers are acting vastly different depending on income level.

A slew of commentary from the Bank of England and a better-than-expected economic growth number have left traders and investors scrambling to refine their bets.

After years of China being Germany’s main trading partner, the U.S. quietly overtook that spot in the first quarter of the year, data calculations show.

The U.K. economy has emerged from recession as gross domestic product rose 0.6% in the first quarter, beating expectations.

Jobless claims totaled a seasonally adjusted 231,000 for the week ending on May 4.

He called "Bidenomics" a failure and said consumers are paying the price in terms of higher inflation.

The share of renters who believe that they one day will be able to afford a home, fell to a record low 13.4%.

The government predicts that the influx of immigrant workers will grow gross domestic product over the next decade by $7 trillion.

The unemployment rate for Black Americans slid in April, bucking the trend in other demographic groups.

Turkey's inflation accelerated to 69.8% annually for the month of April, the Turkish Statistical Institute reported Friday.

Markets had expected job growth of 240,000 and the unemployment rate to hold at 3.8%.