LeadStory

What is the latest U.S. economic data?

Asked 5 hours ago

Answer

Recent U.S. economic data shows annual inflation at 2.9%, with notable increases in basic necessities and energy. Jobless claims have reached a four-year high, and payrolls were revised downward by over 900,000 jobs. Consumer sentiment has dropped to its lowest since May, and Black unemployment has risen to 7.5%. Market expectations lean toward potential Federal Reserve rate cuts amid persistent inflation and labor market strain.

Now Playing

CNBC

Consumer sentiment comes in at 55.4 vs. 58.1 estimated

CNBC · New
CNBC
CNBC
New
  • Consumer sentiment index fell to 55.4, below the estimated 58.1. 10s
  • Current conditions and expectations both declined to their lowest since May. 22s
  • One-year inflation expectation remained at 4.8%, the highest since June. 43s
  • Five- to ten-year inflation outlook rose to 3.9%, above expectations. 1m 0s
  • Market interest rates showed little reaction, remaining near recent levels. 1m 24s
Economy

References

Consumer sentiment comes in at 55.4 vs. 58.1 estimated
Icon
CNBC
8 hours ago
Consumer sentiment comes in at 55.4 vs. 58.1 estimated

The University of Michigan's consumer sentiment index registered at 55.4, below expectations and the lowest since May, indicating weakening consumer confidence.

Consumer sentiment comes in at 55.4 vs. 58.1 estimated
Icon
CNBC
8 hours ago
Consumer sentiment comes in at 55.4 vs. 58.1 estimated

Inflation expectations for the next year held steady at 4.8%, the highest since June, while the 5- to 10-year outlook rose to 3.9%.

Inflation rises nearly 3% as new data signals labor market strain
Icon
CBS America
1 day ago
Inflation rises nearly 3% as new data signals labor market strain

The latest Consumer Price Index shows overall prices rose by nearly 3% on an annual basis last month, with basic necessities like groceries and energy seeing the largest increases.

Inflation rises nearly 3% as new data signals labor market strain
Icon
CBS America
1 day ago
Inflation rises nearly 3% as new data signals labor market strain

Weekly claims by those who have lost their jobs jumped to a nearly four-year high, indicating labor market strain.

The Fed's complicated rate path ahead. Here's what the markets expect
Icon
CNBC
1 day ago
The Fed's complicated rate path ahead. Here's what the markets expect

CPI rose 0.4% month-over-month and 2.9% year-over-year, the largest increase since January. Core inflation remains elevated, especially in auto repairs, used cars, and airline fares.

The unemployment gap for Black Americans highest in years
Icon
Scripps News
2 days ago
The unemployment gap for Black Americans highest in years

The unemployment rate for Black Americans is now 7.5%, the highest since October 2021, and more than double the rate for white Americans at 3.7%.

The 911K signal: Downward revision on U.S. payrolls concerning
Icon
CNBC
3 days ago
The 911K signal: Downward revision on U.S. payrolls concerning

Annual revisions to payrolls data for the 12 months through March showed 911,000 fewer jobs than initially estimated, the largest revision since 2002.

What Are People Asking?