CNBC's Rick Santelli reports the August Chicago PMI was a huge surprise.» Read More
CNBC's Steve Liesman and Paul McCulley, Pimco chief economist, provide perspective on Tuesday's retail sales numbers and weigh in on Fed policy ahead of Janet Yellen's Capitol Hill testimony.
Sen. Heidi Heitkamp, (D-N.D.), discusses what she wants to hear from Janet Yellen when the Fed Chair testifies before Congress later this morning on Fed monetary policy.
Paul McCulley, Pimco chief economist, provides perspective on why the banking sector will have to change its current business model.
Paul McCulley, Pimco chief economist, shares his thoughts on Fed policy, Janet Yellen and interest rates.
CNBC's Kate Kelly provides a look ahead at what tomorrow's big speakers may say at the Delivering Alpha conference.
The Fed needs to get off of zero interest rates in a reasonable time frame, says Paul McCulley, Pimco chief economist, discussing the Fed exiting its easy money policy.
*Espirito Santo shares hit record new low. LONDON, July 15- European stocks and the euro fell on Tuesday after shares in Portugal's biggest listed bank hit a record low, while a plunge in German economic sentiment pushed up borrowing costs for some peripheral euro zone countries.
Bill Gross is my friend, says Paul McCulley, Pimco chief economist, talking about his return to Pimco after the departure of Mohamed El-Erian. Pimco is in my blood, says McCulley.
The Fed has been successful against great odds and a great deal of criticism from Wall Street, says Paul McCulley, Pimco chief economist, sharing his thoughts on Fed policy, Janet Yellen and the economic recovery.
If recent speeches from prominent Federal Reserve officials are any indication, the U.S. central bank is feeling pretty emboldened.
*Sterling rises after UK inflation jumps. LONDON, July 15- The euro fell on Tuesday, after Germany's ZEW survey suggested a shaky start for Europe's largest economy in the third quarter while lingering problems about Portugal's largest listed bank kept investors wary of the single currency.
Fed Chair Janet Yellen begins two days of testimony before Congress. Will Yellen stay the course or ruin the rally? Michael Tyler, Easter Bank Wealth Management, and Jim Swanson, MFS Investment Management, discuss what they expect to hear from Yellen's testimony.
*Gold edges up after biggest daily drop since Dec. LONDON, July 15- Gold rose on Tuesday as European equities moved lower, but was still trading near its lowest level in almost four weeks ahead of the Federal Reserve's Chair testimony to U.S. Congress that should give more clues about the timing of an interest rate hike.
Federal Reserve Chair Janet Yellen will have some good news to tell Congress this week about the health of the labor market.
LONDON, July 15- The yen eased on Tuesday after the Bank of Japan sounded some cautious notes on growth but stopped well short of hinting at a new bout of money-printing.
*Software AG down 14 pct after cutting sales outlook. LONDON, July 15- European shares were little changed on Tuesday as a gloomy outlook statement from Software AG was partly offset by strong earnings reports from Scandinavian companies such as H&M.
Joachim Fels, chief global economist at Morgan Stanley, discusses the long-term effects of quantitative easing ahead of Fed Chair Janet Yellen's testimony.
*Fed chief to testify to Congress on Tuesday, Wednesday. TOKYO, July 15- The dollar edged up against the yen on Tuesday after the Bank of Japan tweaked its growth forecast lower, although currency moves were small as investors waited for Federal Reserve Chair Janet Yellen's congressional testimony later in the session.
TOKYO, July 15- Japanese government bond prices were mostly unchanged across the curve on Tuesday, with a bounce in Tokyo shares stalling a recent surge that took yields to the year's lows. The bond market's reaction to the Bank of Japan holding pat on monetary policy was limited, as the outcome had been well anticipated.
With expectations for the Fed to remain dovish, even a slight hawkish tone may be a risk for markets, says Nicholas Ferres, Investment Director, Global Asset Allocation at Eastspring Investments.