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Inflation

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  • US Economy Shows More Weakness in Manufacturing Thursday, 15 May 2008 | 8:47 AM ET

    The economy is continuing to slow, particularly in manufacturing,  though some areas are not quite as bad as expected, according to the latest reports out Thursday.

  • Gutierrez: US, China Need to Fight Protectionism Thursday, 15 May 2008 | 4:41 AM ET

    The United States and China both need to fend off a troubling rise in economic nationalism in order to keep their economies strong, U.S. Commerce Secretary Carlos Gutierrez said on Thursday.

  • China Intensifies Quake Rescue But Hopes Dim Wednesday, 14 May 2008 | 9:06 PM ET
    Rescuers search for victims in the debris of a hospital after the earthquake in Dujiangyan, China (AP).

    China ordered fresh waves of helicopters and aid into earthquake-devastated areas as severed roads, aftershocks and the sheer magnitude of 15,000 or more dead defied increasingly desperate rescue efforts. 

  • Stocks Close Higher Despite Late Pullback Wednesday, 14 May 2008 | 4:28 PM ET

    Stocks finished higher Wednesday, despite profit-taking in the last half-hour of trading, as Wall Street cheered what appeared to be a tame inflation reading.

  • CPI Report Buoys Stocks; S&P Nears 1420 Wednesday, 14 May 2008 | 2:22 PM ET

    Stocks opened higher Wednesday after a better-than-expected reading on inflation.

  • Tame Inflation? Tell That To People Buying Gasoline Wednesday, 14 May 2008 | 1:23 PM ET
    New York Gas Prices at $4 per gallon

    In the real world, gasoline prices surged 5.6% in April, but the government smooths out seasonal oddities so prices appeared lower in Wednesday's inflation report.

  • Inflation Rears Its Head--And That's No "Fish Tale" Wednesday, 14 May 2008 | 1:01 PM ET

    Inflation fears are beginning to trump recession worries. That was the finding of Merrill Lynch's latest monthly global fund manager survey, which shows the number of managers expecting recession this year actually declined.

  • Fed's Tools Won't Fix Housing Crisis: Pimco's El-Erian Wednesday, 14 May 2008 | 11:49 AM ET

    Bond fund leader Pimco's Mohamed El-Erian on Wednesday said the Federal Reserve does not have the tools to deal with the U.S. housing crisis and rapidly rising consumer prices, leaving it to lawmakers to avert a severe recession.

  • Inflation Stats Buoy Stocks; AMAT Skids Wednesday, 14 May 2008 | 11:42 AM ET

    Stocks opened higher Wednesday after a better-than-expected reading on inflation.

  • Ex-Fed Chief Volcker Sees 70's-Style Stagflation Wednesday, 14 May 2008 | 11:03 AM ET
    Former U.S. Federal Reserve Chairman Paul Volcker

    Former Federal Reserve Chairman Paul Volcker Wednesday said the central bank's role in overseeing financial markets needs to be more clearly defined and the that of rating agencies, sovereign wealth funds and hedge funds in the financial crisis should be weighed.

  • Dollar Rebounds Versus Euro as Stocks Rise Wednesday, 14 May 2008 | 10:12 AM ET

    The dollar rebounded against the euro Wednesday as U.S. stocks extended gains and shrugged off a report showing tame reading on U.S. consumer prices in April.

  • Consumer Inflation Tamer Than Expected in April Wednesday, 14 May 2008 | 8:34 AM ET

    Consumer prices rose a smaller-than-expected 0.2 percent in April as energy prices held steady, a Labor Department report on Wednesday showed.

  • ArcelorMittal to Pass On Rising Raw Material Prices Wednesday, 14 May 2008 | 6:29 AM ET
    Worker in an Alcoa plant.

    Rising raw material prices are likely to be passed on and will take another chunk out of consumers’ wallets, further heaping inflationary pressures on to the global economy, ArcelorMittal CFO Aditya Mittal told CNBC Wednesday.

  • Fed May Start Fighting Asset Bubbles: FT Wednesday, 14 May 2008 | 3:55 AM ET

    The Federal Reserve may start using regulation or even interest rates to fight asset-price bubbles, instead of trying to limit the damage once they burst, as it has done until now, the Financial Times reported on its Web site.

  • More Troops Rushed to Help China Quake Rescue Tuesday, 13 May 2008 | 8:52 PM ET
    Rescuers search for victims in the debris of a hospital after the earthquake in Dujiangyan, China (AP).

    Thousands of Chinese troops are set to join a frantic search for earthquake survivors on Wednesday, with prospects looking increasingly grim for thousands of people buried under rubble and mud.

  • Dollar Rises vs. Euro, Yen on Strong Retail Tuesday, 13 May 2008 | 5:15 PM ET

    The U.S. dollar rallied broadly Tuesday after a report on April retail sales beat forecasts and supported views that the Federal Reserve will probably stop cutting interest rates next month.

  • Bernanke Says Crisis Not Over; Prices Worry Others Tuesday, 13 May 2008 | 4:04 PM ET
    Ben Bernanke

    U.S. Federal Reserve Chairman Ben Bernanke said the credit crisis is not over, even as his colleagues revealed growing concerns about inflation that could signal a pause in interest rate cuts.

  • Fed's Yellen: Interest Rates at Appropriate Level Tuesday, 13 May 2008 | 1:17 PM ET

    San Francisco Federal Reserve Bank President Janet Yellen said Tuesday the current level of U.S. interest rates should boost the economy in the second half of 2008.

  • China Quake Death Toll Likely Tens of Thousands Tuesday, 13 May 2008 | 11:46 AM ET
    Rescuers search for victims in the debris of a hospital after the earthquake in Dujiangyan, China (AP).

    China's most devastating earthquake in three decades killed more than 12,000 people with the toll likely to soar after state media said on Tuesday nearly 19,000 were buried under rubble in one city alone.

  • Economy Sluggish, Inflation Higher: Fed Survey Tuesday, 13 May 2008 | 10:34 AM ET

    The U.S. economy will barely expand in the second quarter and the chances of it shrinking have risen, following sluggish growth early in the year, said a Philadelphia Federal Reserve survey released Tuesday.