Consumer sentiment falls to fresh record low in May as surging gas prices hit outlook
Surging gas prices due to the Iran war sent consumer sentiment to a new low in the early part of May.
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Surging gas prices due to the Iran war sent consumer sentiment to a new low in the early part of May.
Surging gas prices due to the Iran war sent consumer sentiment to a new low in the early part of May.
Surging gas prices due to the Iran war sent consumer sentiment to a new low in the early part of May.
Nonfarm payrolls were expected to increase by 55,000 in April, according to the Dow Jones consensus.
The total picture is one of a labor market that, while undoubtedly cooling, is generally stable and resilient despite a number of challenges.
The total picture is one of a labor market that, while undoubtedly cooling, is generally stable and resilient despite a number of challenges.
The flare-up further endangers the US-Iran ceasefire, which Trump extended indefinitely on 21 April.
"Do I think he'll cut rates? No chance," Jones said during a wide-ranging CNBC "Squawk Box" interview.
"Do I think he'll cut rates? No chance," Jones said during a wide-ranging CNBC "Squawk Box" interview.
Lower-income consumers are compensating for higher gas prices by buying less.
Lower-income consumers are compensating for higher gas prices by buying less.
Lower-income consumers are compensating for higher gas prices by buying less.
Lower-income consumers are compensating for higher gas prices by buying less.
The report provided more evidence of a stable labor market and less incentive for the Fed to lower interest rates.
GameStops boss Ryan Cohen says he sees potential to make eBay a much bigger rival to Amazon.
The U.K. is now running a trade deficit with its largest trading partner.
The U.K. is now running a trade deficit with its largest trading partner.
The U.K. is now running a trade deficit with its largest trading partner.
Federal Reserve officials who voted this week against the post-meeting statement said they didn't think it was appropriate to signal that the next interest rate move would be lower.
Federal Reserve officials who voted this week against the post-meeting statement said they didn't think it was appropriate to signal that the next interest rate move would be lower.