CNBC's Rick Santelli discusses how today's jobs number is impacting the dollar/yen trade, yields, and the financial sector.» Read More
The U.S. stock market headed toward an indifferent opening with futures bouncing above and below fair value after Tuesday's selloff. A new round of subprime debt fears on Wall Street spurred selling in equities markets around the world.
Federal Reserve Chairman Ben Bernanke said Tuesday that swings in volatile energy and food prices will have minimal impact on inflation as long as inflation expectations are held steady. "If inflation expectations are well anchored, changes in energy (and food) prices should have relatively little influence on 'core' inflation ..." he said.
The market is on Fed watch today as traders await a speech by Fed Chairman Ben Bernanke on inflation. Stocks are weaker ahead of the open this morning after some negative earnings news. European markets are trading lower and Asia was mixed overnight.
Keeping inflation under control as the economy emerges from a yearlong sluggish spell is certain to be a matter of lively debate for Federal Reserve policymakers.
Banks play an important, though perhaps somewhat diminished, role in providing credit as consumers and businesses increasingly turn to other financial players, Federal Reserve Chairman Bernanke said Friday.
Rising rates trump all else this morning as Wall Street braces for a downhill slide on the opening. European markets are broadly lower, continuing their downtrend after the European Central Bank raised interest rates by a quarter point to 4%, as expected. Chinese stocks closed higher and Asia's other markets were mixed.
After weeks of seeing various market indexes set records, it’s not unusual to see my magic market spreadsheet “go green” -- an expression coined, because when an index or stock exceeds some prior high, the spreadsheet is rigged to display “new record” in green. However, Google’s move to a record high today was unusual...
Richard DeKaser, chief economist at National City Corporation, told CNBC’s “Morning Call” that the worst of the housing slump is over.
"Yes, because people will not continue spending until their house is in order, so to speak. From 1900–2000 housing prices rose at the rate of inflation, from 2000–2005 they soared. Housing prices will have to fall another 40% to revert to the mean, which they will."-- Ray M., Florida
Federal Reserve Chairman Ben Bernanke predicted Tuesday the economy will rebound from an anemic performance at the start of the year even if the housing slump continues. Economic growth in the first three months of this year nearly stalled, logging just a 0.6% pace. It was the worst quarterly showing in more than four years.
The Federal Reserve will consider whether new regulations could curtail lending practices that have contributed to a rise in mortgage delinquencies, Fed Chairman Ben Bernanke said in a letter released on Friday.
The Dow lifted Thursday, after Federal Reserve Chairman Ben Bernanke soothed concerns about the subprime lending market. Elizabeth Miller, managing director at Trevor, Stewart, Burton & Jacobsen, joined “Power Lunch" to offer insights on the market reaction.
In a speech today at the Federal Reserve Bank of Chicago, Fed Chairman Ben Bernanke detailed the many ways in which financial regulators, including the Federal Reserve and Congress, could act in order to prevent a recurrence of the subprime mortgage crises. Okay, not many ways -- four ways.
Unemployment has hit a five-year low, yet inflation remains a top concern. Has Federal Reserve Chairman Ben Bernanke’s first year on the job been good for America? “Morning Call” brought experts to debate. Michael Panzner, the author of “Financial Armageddon,” said Bernanke has people focused in the wrong direction. ... Greg Hess, dean of faculty at Claremont McKenna College, disagrees: “The Fed is clearly on its toes,” he said.
Federal Reserve Chairman Ben Bernanke on Wednesday said it would be in China's best interest to move toward a more flexible currency.
Stocks managed to squeak by with gains at the close as a flurry of mergers helped investors shrug off weaker manufacturing data. "We had a mixed dose of positive and negative news," said Mike Malone, trading analyst at Cowen, in an interview with CNBC.com.
Stocks closed mixed as the Dow Jones Industrials had their worst quarterly performance in almost two years. "What you've seen this quarter is a lot of negative shocks to the system in the market, yet the markets really don't want to go down," said Erik Ristuben of Russell Investment Group.
Stocks are tentative ahead of the opening bell on this final trading day of the first quarter. There are some key data releases this morning including personal income and spending, personal consumption, February construction spending, Chicago purchasing managers and University of Michigan consumer sentiment. Oil is on the rise again and could continue to be a pressure point on stock prices after its big move up yesterday.
Stocks closed higher following a late rally in telecom and energy as investors took surging crude-oil prices in stride. "I'm thinking the next move is to the upside again," James Paulsen, chief investment strategist with Wells Capital Management, told CNBC.
Federal Reserve Chairman Ben Bernanke said on Wednesday that housing market turmoil has clouded the outlook for the U.S. economy but that the central bank remains focused on ensuring core inflation moves lower. In testimony to the congressional Joint Economic Committee, Bernanke said inflation, outside of volatile food and energy prices, was likely to moderate gradually but that it was higher than the Fed would like and might not move down as hoped.