Jeff Cox
Jeff Cox is a veteran journalist who currently serves as the economics editor for CNBC.com. He has extensive experience covering economic data, the Federal Reserve, and their impact on financial markets. His stories are often among the most-read on the site and he frequently interviews respected economists and analysts in the financial world. In addition to his work for CNBC, he is a regular commentator on NBC News Now and has appeared on CNBC broadcast, MSNBC, and radio outlets across the country.
Biography:
https://www.cnbc.com/jeff-cox/
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The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
Bias
100%
Examples:
- The author has a strong focus on economic data and the Federal Reserve, often interviewing respected economists and analysts.
Conflicts of Interest
100%
Examples:
- However, it should be noted that as an economics editor, the author may have a personal or professional interest in covering economic news and analysis.
- There are no clear conflicts of interest identified in the author's reporting.
Contradictions
85%
Examples:
- However, these contradictions are relatively rare and do not significantly undermine the overall credibility of the reporting.
- There are instances where the author reports conflicting information regarding economic indicators such as inflation rates, employment numbers, and consumer spending.
Deceptions
100%
Examples:
- However, these instances are relatively rare and do not significantly undermine the overall credibility of the reporting.
- There are instances where the author may use misleading or deceptive language to present certain information.
Recent Articles
Fed Officials Hint at Possible Interest Rate Cuts Amid Cooling Inflation
Broke On: Monday, 15 July 2024Federal Reserve officials, including Christopher Waller and Jerome Powell, have hinted at potential interest rate cuts due to cooling inflation. Waller believes data supports a soft landing for the economy and sees a higher probability of moderate inflation and employment growth. Unnamed Fed officials also signaled cuts are getting closer, but Powell has been cautious about indicating an exact timing. 
Fed Chair Powell Balances Inflation and Labor Market Concerns, Signals Possible Rate Cut
Broke On: Tuesday, 09 July 2024Federal Reserve Chair Jerome Powell expressed concerns about the potential negative impact of holding interest rates too high for an extended period, acknowledging recent data showing inflation receding and indicating continued progress could lead to rate cuts. Powell emphasized the need to strike a balance between cooling the economy and fully stamping out inflation without causing a recession. Despite some lawmakers urging for earlier rate cuts, Powell indicated more economic data confirming cooler inflation is needed before making a decision. 
Labor Market Slows Down: Nonfarm Payrolls Up by 206,000, Unemployment Rate at 4.1%, and Average Hourly Earnings Rise by 3.9%
Broke On: Friday, 05 July 2024The US labor market showed signs of a slowdown in June with nonfarm payrolls rising by 206,000 and the unemployment rate increasing to 4.1%. Government and health care dominated hiring, but temporary help fell significantly. Average hourly earnings climbed by 3.9%, but wage growth has been moderating since late 2021. The median time to find a job rose to 9.8 weeks, and the unemployment rate for Black workers increased to 6.3%. These reports come after the Federal Reserve signaled potential interest rate cuts due to economic growth concerns. 
June Jobs Report: 190,000 New Hires Expected as Labor Market Slows Down Amid Inflation and Interest Rate Concerns
Broke On: Friday, 05 July 2024The June jobs report, expected to show a decrease in hiring with approximately 190,000 new jobs added, signals labor market normalization as inflation cools and interest rates remain high. Despite low unemployment and optimism about its strength, concerns arise due to high inflation and ongoing rate hikes. Hiring rate has slowed significantly while layoff activity increases; first-time unemployment claims reached 238,000 last week. 
Fed Chair Powell and ECB President Lagarde Discuss Economies at Sintra Forum: US Economy Nearing Fed's Goals, Europe Monitoring Services Inflation
Broke On: Tuesday, 02 July 2024Federal Reserve Chair Jerome Powell and European Central Bank President Christine Lagarde discussed economic progress and inflation concerns at the ECB Forum on Central Banking in Sintra, Portugal. Powell expressed confidence in the US economy's gradual cooling and disinflationary trends, while Lagarde highlighted the need for close monitoring of services inflation in Europe. Brazil Central Bank Governor Roberto Campos Neto emphasized fiscal concerns as a major risk. 
US Stock Market Dips Amid Decrease in Inflation: What Does It Mean for the Federal Reserve and Investors?
Broke On: Friday, 28 June 2024US stock market indices like the Dow, S&P 500 and Nasdaq 100 remained stable while treasury yields increased due to a slowdown in inflation. This has led some economists to speculate that the Federal Reserve may reconsider interest rate hikes, potentially boosting investor confidence. 
Retail Sales Decline: American Consumers Cut Back Amid Rising Inflation and Interest Rates
Broke On: Tuesday, 18 June 2024Retail sales growth slowed in May, with several categories experiencing declines, as American consumers grapple with rising inflation and interest rates. The economic strain is affecting both lower-income and middle-income households, leading to concerns about the health of consumer spending. Despite these challenges, the stock market held steady last week. Fed Expected to Leave Interest Rates Unchanged: A Boon for Savers Amidst Economic Uncertainties
Broke On: Wednesday, 12 June 2024The Federal Reserve is expected to leave interest rates unchanged at their meeting this week, with investors anticipating reductions later in the year. Elevated interest rates have benefited short-term savers, offering top yields on savings accounts and CDs. However, central bankers remain uncertain about inflation and the economy's future direction. 
CPI Report: Inflation Eases Slightly in May, but Economic Anxiety Remains High
Broke On: Wednesday, 12 June 2024Inflation eased in May with the Consumer Price Index remaining unchanged and energy prices, particularly gasoline, decreasing. However, economic anxiety persists as consumers face rising costs for essentials and misperceptions about a potential recession. The Federal Reserve is expected to announce interest rate decisions this week. 
Federal Reserve Interest Rate Decision and Inflation Data: Insights into the Current State of the US Economy
Broke On: Tuesday, 11 June 2024The Federal Reserve's interest rate decision and May inflation data release will shape the economic narrative next week. Anticipated fewer rate cuts and strong employment data may reduce the likelihood of further reductions, while economists predict a 3.4% annual inflation rise.