CNBC's Steve Liesman discusses what today's ISM and employment data means for Fed policy and interest rates.» Read More
NEW YORK, Aug 1- Global equities markets dropped for a fourth day on Friday, with Wall Street again slumping as investors shrugged off economic data showing solid improvement in U.S. labor markets. U.S. stock trading was dogged by worries about Argentina's debt problems.
It would be nice to see above 200,000, says Dallas Fed President Richard Fisher, revealing what he hopes to see from Friday's jobs report.
Dallas Fed President Richard Fisher, discusses the Lone Star State's economic boom.
Things are getting better and if it continues, I personally believe we should move up the date of liftoff, says Dallas Fed President Richard Fisher, sharing his thoughts on tapering the Fed's easy money policy and when he expects to see interest rates increase.
We made money dirt cheap and abundant, says Dallas Fed President Richard Fisher, sharing his thoughts on the Fed's accommodative policy and its impact on businesses creating capital expenditure for jobs.
Dallas Fed President Fisher told CNBC on Friday that in his view the date for interest rate liftoff has been moved forward.
Things are better, it's what we wanted, says Dallas Fed President Richard Fisher, discussing the likelihood of the Federal Reserve raising interest anytime soon.
Mark Grant, Southwest Securities, shares his thoughts on how deflationary worries in Europe could impact U.S. markets. Oil and energy are sold in U.S. dollars, Grant points out.
Mark Grant, Southwest Securities, shares his thoughts on the U.S. 10-year Treasury and where to find value in global bonds.
WASHINGTON— The Commerce Department reports on how much U.S. consumers spent and earned in June. The report will be released at 8:30 a.m. EDT Friday. SPENDING UP: The expectation is that consumers boosted their spending 0.4 percent in June, according to a survey of economists by data firm FactSet.
July's employment report is expected to be strong—good news for the economy, but possibly bad news for markets.
As investors look to the possibility of rising official interest rates in the U.S. and Britain in the coming year their expectations are colored by nasty memories of 2013' s taper tantrum, when bumbled communications by the Federal Reserve caused Treasury yields to spike and emerging markets to suffer.
NEW YORK, July 31- The U.S. dollar edged higher against a basket of major currencies on Thursday to notch its strongest monthly gain in over a year after U.S. labor market data fueled expectations for a more hawkish Federal Reserve.
As stocks spiral lower and bond yields tick higher, strategists say the dollar may finally be getting ready to flex some muscle.
How much slack is in the labor market? CNBC's Steve Liesman digs into the data and previews tomorrow's jobs report.
*Weekly jobless claims rise 23,000. WASHINGTON, July 31- U.S. labor costs recorded their biggest gain in more than 5-1/ 2 years in the second quarter and a gauge of trends in the jobs market fell to an eight-year low last week, bolstering the economy's outlook.
LONDON, July 31- Gold fell to a six-week low on Thursday and was set for its second monthly drop since May as the dollar rose on optimism over the U.S. economy, which offset a message from the Federal Reserve that it is in no rush to raise interest rates.
NEW YORK, July 31- The U.S. dollar edged higher against a basket of major currencies on Thursday after U.S. labor market data bolstered expectations for a more hawkish Federal Reserve and reinforced optimism for a strong U.S. nonfarm payrolls report Friday.
CNBC's Rick Santelli discusses the latest action in the bond market, and the U.S. dollar.
CNBC's Rick Santelli reports Chicago Purchasing Managers Index from July drops to 12-month low of 52.6.