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The U.S. Federal Reserve is determined not to reduce interest rates too soon — and some economists say recent data has pushed a summer cut completely off the table.
This was CNBC's live blog covering European markets.
This is CNBC's live blog covering European markets.
Goldman Sachs Chief Economist Jan Hatzius on Friday said that he still expects the Federal Reserve to implement three interest rate cuts this year, adding that he would be "very surprised" if the U.S. central bank ultimately decided no trims at all were necessary.
The U.S. Federal Reserve has become too data dependent and has lost sight of its overall strategy, Mohamed El-Erian, chief economic advisor at Allianz, said Friday.
This is CNBC's live blog covering Asia-Pacific markets.
Futures tied to the Dow Jones Industrial Average sat near flat Thursday night following the index's worst session in over a year. Investors also awaited key labor data due Friday morning.
Target on Tuesday posted holiday-quarter revenue and earnings that topped Wall Street's expectations, but the company said it expects another year of weak sales.