The Fed should "explicitly" say it will keep rates near zero until the economy is within a year of reaching Fed goals, a policymaker said.» Read More
At last night’s CNBC Executive Leadership Awards, guests joked that analysts and journalists alike used to guess the Fed’s interest rates decisions based on the thickness of Alan Greenspan’s briefcase when he arrived at the meetings. Yesterday, the Fed met and left rates unchanged – as expected – but nevertheless led the blue chips to a triple-digit rally.
Stocks in the U.S. are pointing lower this morning. The Fed's statement, important economic data and earnings could all drive the markets today. President Bush speaks on the economy on Wall Street and Treasury Secretary Hank Paulson appears before Senate Banking on the Chinese currency issue.
Ben Bernanke called for greater transparency when he took the reins of the Federal Reserve. But as Wall Street awaits the Fed's Wednesday statement, two analysts still seeks clues to second-guess the chairman.
Bond yields over the past couple of days hit a five-and-a-half-month high. Paul McCulley of PIMCO attributes the jump to the market’s unwinding expectations of a Fed easing. “It was dressed up for an easing party, and the band is not going to show,” he said. McCulley and two other analysts were on “Power Lunch” to give their take on....
Stocks in the U.S. look set for a weaker opening, influenced by touchy tech stocks, earnings, and the big decline in oil. Dow components GE and Citigroup both reported earnings early today. GE's 12 percent increase was in line with expectations and Citigroup's lower profits were a bit better than Wall Street expected. Citigroup also raised its dividend by 10 percent.
This afternoon--Congress is mulling over how to proceed, after Fed Chairman Ben Bernanke warned that the U.S. economy could be gravely hurt if Social Security and Medicare aren’t revamped. In his testimony before the Senate Budget Committee, Bernanke also said that economic growth alone is unlikely to solve the nation's impending fiscal problems.
Federal Reserve Chairman Ben Bernanke warned the U.S. Congress that failure to take action soon to deal with the budgetary strains posed by an aging U.S. population could lead to serious economic harm.
Where there's international tension and headlines, there's sometimes fire...and sometimes not. Traders were quick to jump on rumors of an Iranian naval engagement just before 9 a.m. ET today. The rumor carried some pretty graphic details about a U.S. Navy ship being hit by an Iranian anti-ship missile in the Persian Gulf.
Federal Reserve Chairman Ben Bernanke will address a changed U.S. Congress tomorrow. Should President Bush’s man in the Fed alter his modus operandi in tune with a Democratic-controlled legislature? Mark Weisbrot, co-director of the Center for Economic and Policy Research, says the answer is yes.
Financials and techs, two groups that pulled in the money last week, will be out in front of the news this week when earnings season is in full swing. Markets will also be watching key economic data, a parade of Fed speakers and whatever side show goes on when oil markets reopen, after last week's near six percent slide in crude.
Financial markets will have plenty of news to feast on in the coming week although the markets generated enough headlines on their own in the first days of January with just a few big stories to chew on. The second week of January is quite busy. We're looking forward to some of the most important and newsy industry conferences of the year, plus the start of earnings season, an important Fed speech, and some fresh economic data.
Federal Reserve Chairman Ben Bernanke said the Fed's job of regulating the nation's banks gives the central bank more expertise in dealing with financial crises.
Showing up for the first trading day of the New Year is a little like arriving for the first day of school. Good grades from last year no longer count, and the books are no longer relevant. That feeling is especially strong when the old year rang in some very comfortable double digit gains for stocks, and the path to the next year's profits is not so clear. The first week of 2007 is awash in data, including the Friday jobs report, auto sales, retailers'.....
Economists for Fannie Mae and the NAR advise CNBC’s Bill Griffeth to take short-term real-estate figures “with a grain of salt.”
In the final installment of cnbc.com's exclusive interview series, the financial markets strategist speaks to CNBC’s Tyler Mathisen about inflation, the Fed and investing in 2007.
U.S. Treasury Secretary Henry Paulson said Friday that China has pledged greater exchange rate flexibility but gave no timetable as the two sides wrapped up high-level talks aimed at strengthening shaky relations.
As we've told you--CNBC's Carl Quintanilla was part of the crew covering the just ended American-Chinese economic talks in Beijing. His reports appeared on "Squawk Box" (see our earlier post today). Here are his personal and behind the scene comments on the trip. If you're a fan of big cities, you're a fan of Beijing...
U.S. Treasury Secretary Henry Paulson met with Chinese President Hu Jintao in Beijing today, on the second and last day of what has been billed as a long-range "strategic economic dialogue" between the two powerful nations. CNBC’s Carl Quintanilla is traveling along with the U.S. delegation.....
As we've said (with CNBC's Carl Quintanilla's on-the-scene reports), U.S. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke are in China this week. They're addressing issues the Bush administration - and Democrats for that matter – have with China's monetary and trade policies. To some here in the states, that’s the problem...
U.S. Treasury Secretary Henry Paulson and other top American officials are in Beijing this morning for trade talks, appealing to Chinese leaders to help preserve U-S support for free trade. CNBC’s Carl Quintanilla is following all the developments closely and updated the “Squawk Box” crew this morning, also from Beijing.