Breaking News: Economy
- India’s inflation rises to 0.71% in November as decline in food, fuel prices loses steam - India's inflation in November rose after touching an all-time low in October due to rise in prices of food items, fuel.
- UK economy unexpectedly shrunk before Budget - The U.K. economy unexpectedly contracted in the three months to October, according to official figures released Friday.
- The case for more Fed rate cuts could rest on a 'systemic overcount' of jobs numbers - There are indications that policymakers will be more inclined to cut further if the labor market stays weak.
- Bessent to propose major overhaul of regulatory body created from financial crisis - EconomyBessent to propose major overhaul of regulatory body created from financial crisisPublished Thu, Dec 11 20258:00 AM ESTSteve Liesman@steveliesmanJeff Cox
- Here are the five big takeaways from Wednesday's Fed rate decision - The Fed approved a much-anticipated quarter percentage point interest rate cut at a meeting that was packed with intrigue and surprises.
- Divided Fed approves third rate cut, sees slower pace ahead - The Federal Reserve on Wednesday released its interest rate decision.
- U.S. seizes oil tanker off the coast of Venezuela: Report - EnergyU.S. seizes oil tanker off the coast of Venezuela: ReportPublished Wed, Dec 10 20251:55 PM ESTUpdated Moments AgoWATCH LIVEA Venezuelan flag in La Guaira,
- Southwest CEO says airline 'actively pursuing' network of airport lounges - Southwest's CEO said the carrier is weighing a network of airport lounges
- Trump says he 'heard' Biden Fed appointments were signed by autopen, tells aide to investigate - Trump's autopen comments came during a speech in Pennsylvania about the economy, aimed at countering Democrats' messaging about the U.S. affordability crisis.
- Hassett likely next Fed chair, but most think Trump should nominate someone else, CNBC Fed survey shows - The December survey shows 84% believe President Trump will tap Hassett, director of the National Economic Council, to head the central bank.