TORONTO, Sept 22- Interest rates may have to be about one-and-a-half percentage points lower than they have been historically in order for the Canadian economy to operate at full capacity, the Bank of Canada said on Monday.» Read More
Food prices around the world are set for a "significant and long-lasting" period of inflation because of a variety of factors, including demand from China and India, Nestle's chairman Peter Brabeck said in an interview with the Financial Times today.
Current U.S. interest rate policy should promote a further drop in inflation although risks are still skewed toward higher prices, San Francisco Federal Reserve President Janet Yellen said on Thursday.
Sam Stovall, chief investment strategist at Standard & Poor’s, told CNBC’s “Closing Bell” that he expects the S&P 500 to close the year at about 1,550 -- but those taking a more cautious view peg the index at about 1,510.
The European Central Bank kept interest rates steady at 4% Thursday, as widely expected.
Richard Cripps, managing director of portfolio strategy at Stifel, Nicolaus Capital Markets, told CNBC’s “Squawk on the Street” that the market is now consolidating and investors should move to quality stocks.
Stuart Freeman, chief equity strategist for A.G. Edwards, told CNBC’s “Squawk Box” that he believes slow, steady earnings growth will move the market higher.
The U.S. personal consumption expenditures price index, excluding food and energy, advanced by 1.9 percent in May from a year earlier, according to a government report on Friday that is likely to give the Federal Reserve some assurance it is making progress in its effort to curb inflation.
Inflation in the 13 nations that share the euro held steady at 1.9% in June while business and consumer confidence slipped slightly after soaring a month earlier, the European Commission said Friday.
Chinese consumer inflation will average 3.2% this year, exceeding the central bank's target, as gross domestic product growth ticks up to 10.8%, the bank's research department forecaston Friday.
Japanese core consumer prices fell slightly as expected in May from a year earlier. Separate data showed the jobless rate remained at a nine-year low of 3.8% in May, while household spending rose 0.4% from the same month a year earlier.
The Federal Reserve’s two-day meeting on interest rates, inflation and the economy started Wednesday. Is the Fed overly concerned with inflation? Carl Tannenbaum, chief economist at LaSalle Bank, and Paul Kasriel, senior vice president and director of economic research at Northern Trust Company, offered their insights on “Morning Call.”
John Kilduff, senior vice president and energy analyst at Man Financial, appeared on CNBC's special "Power Lunch at the Four Seasons" to give his outlook for oil and gasoline -- and to explain why easing tensions in Nigeria haven't made him bearish on either.
As the Federal Open Market Committee prepares to meet this week, Joseph LaVorgna, chief U.S. economist at Deutsche Bank, joined "Power Lunch" at New York's Four Seasons to discuss inflation, the economy, and how the Fed will react to the subprime mess.
Leon Cooperman, founder of Omega Advisors and former Chair of Goldman Sachs Investment Policy Committee, said he expects stocks to do well the rest of this year and into next year.
With the second half beginning next week, two market analysts joined "Morning Call" to give their outlook for stocks for the remainder of 2007. Charles Bobrinskoy, vice chairman and director of research at Ariel Capital Management, is "somewhere between cautious and bearish," while Patricia Chadwick, president of Ravengate Partners, "is not as worried."
U.S. Federal Reserve policy makers want to shift their emphasis away from current benign inflation to uncertainty about future price pressures, and are debating whether to stop calling inflation "elevated" in their policy statements, the Wall Street Journal reported on Thursday.
Bank of England Governor Mervyn King and three other policymakers opposed this month's decision to hold interest rates at 5.5% and called for a hike, boosting expectations that borrowing costs will rise next month.
Robert Mellman, senior U.S. economist for JP Morgan, told CNBC’s “Morning Call” that strong employment and a sound economy have offset the housing slump.
Inflation data will set the agenda today as traders await the release of the CPI. Stock markets around the world are higher.
Bob Iaccino of RWH Financial, told CNBC’s “Squawk Box” that he believes the market rally will continue despite rising bond yields.