U.S. economy will see ‘more things break’ in 2025 if rates stay high, strategist says
Altaf Kassam told CNBC that classic monetary policy mechanisms had "broken."
Altaf Kassam told CNBC that classic monetary policy mechanisms had "broken."
Retail sales increased 0.7% for the month, considerably faster than the Dow Jones consensus forecast for a 0.3% increase.
The early data is in for the path of inflation during the first three months of 2024, and the news so far is not good.
The iconic shoe is getting a lift from Beyoncé's latest album.
The head of the world's largest money manager said it's unlikely the central bank will hit its 2% goal anytime soon.
Taken together, Dimon said the three issues pose substantial unknowns.
The U.K. economy fell into a recession last year but showed slight growth in January.
The producer price index was expected to increase 0.3% in March, according to the Dow Jones consensus estimate.
The euro zone's central bank held interest rates steady for a fifth straight meeting.