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Inflation

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  • Stocks Higher for Week But Mixed for Month Friday, 30 May 2008 | 2:28 PM ET

    Stocks closed higher, led by technology shares, ending the a holiday-shortened week in the positive.

  • U.S. consumer confidence fell to a 28-year low in May on soaring inflation expectations. "Consumers are running scared..."

  • Dollar Falls Against Euro After Posting Strong Gains Friday, 30 May 2008 | 11:52 AM ET

    The dollar fell to session lows versus the euro and traded flat against the yen as investors took profits ahead of the weekend after recent strong gains in the U.S. currency, traders said.

  • Dell Boosts Tech, But Oil Weighs on Dow Friday, 30 May 2008 | 11:35 AM ET

    Stocks moved higher on positive earnings in technology and a report that inflation appeared to be moderating.

  • Spending the Stimulus: TVs, Tuition -- and Bills Friday, 30 May 2008 | 11:09 AM ET
    Tax Refund Check

    Many Americans allowed themselves to fantasize about large-screen TVs, European vacations and other luxuries when they learned of the federal rebates they'd be getting this spring and early summer.

  • Futures Move Higher as Economy Holds Line Friday, 30 May 2008 | 9:05 AM ET

    Stocks were set for a positive open, as Dell boosted tech futures and the market awaited numers that would help clear up the inflation picture.

  • Global Food Prices Could Rise Further: ECB Note Friday, 30 May 2008 | 8:54 AM ET
    Wheat Fields

    Global food prices could rise further in the short term and keep rising over the longer term as supplies are unlikely to match increased demand, a European Central Bank note said.

  • Inflation Moderates in April; Spending Up 0.2% Friday, 30 May 2008 | 8:37 AM ET
    Cash Register

    U.S. personal spending rose by 0.2 percent in April as forecast and a key measure of inflation moderated, government data on Friday showed.

  • Will Inflation Force Euro-Zone to Raise Rates? Friday, 30 May 2008 | 6:47 AM ET

    On the verge of the European Central Bank's 10th anniversary, the news on inflation doesn't look good. Against the bank's target of "below but close to" 2 percent, euro-zone prices rose 3.6 percent in May, compared with the year ago, back to a historic high, data showed on Friday.

  • Japanese Inflation Dips, But Relief Is Temporary Thursday, 29 May 2008 | 9:32 PM ET
    Japanese Flag

    Japanese annual inflation dipped to 0.9% in April, thanks to a short-lived cut in a gasoline tax, but economists warned this would bring just temporary relief and a new decade high loomed.

  • Good News for Goldilocks Thursday, 29 May 2008 | 2:34 PM ET

    Year-over-year real GDP is 2.5 percent. Incidentally, brand new numbers on profits show a much-stronger-than-expected gain. Profits are the mother’s milk of stocks and the economy. So this is very positive.

  • Pimco's Gross Says Rampant Inflation Here to Stay Thursday, 29 May 2008 | 2:16 PM ET

    Soaring inflation will continue to cause policy dilemmas for the Federal Reserve and other central banks as the global demand for commodities remains strong, Bill Gross, chief investment officer at PIMCO, told CNBC Thursday.

  • Dollar Gains Broadly as Markets Rally, Oil Falls Thursday, 29 May 2008 | 1:42 PM ET
    Dollar and Euro

    The U.S. dollar extended its gains and traded at session highs against the yen and the euro on Thursday, as U.S. stocks added to gains with oil prices pulling back from recent highs.

  • Mortgage Rates Soar: Are More Foreclosures Ahead? Thursday, 29 May 2008 | 12:25 PM ET

    The culprit is fears of inflation, thanks to high gasoline prices. But even more troubling is the chance that the Fed will raise interest rates, which don’t correlate exactly to the 30-year fixed, but which will push up rates on some adjustable-rate mortgages and home equity lines of credit.

  • Companies Help Workers Cope With Gas Price Spike Thursday, 29 May 2008 | 8:03 AM ET

    With gas prices at record highs across the country, some employers are implementing measures to help their employees ease the cost of driving to work.

  • Inflation-Wary Fed Looks Ahead to Rate Hikes Wednesday, 28 May 2008 | 9:33 PM ET
    Federal Reserve

    Two Federal Reserve policy-makers warned on Wednesday that interest rate increases might be needed before too long to curb inflation, even as the United States struggles with a weak economy.

  • Dollar Rises Broadly After Durable Goods Data Wednesday, 28 May 2008 | 12:31 PM ET
    Dollars and Euro

    The dollar rose broadly after a report showed new orders for U.S. durable goods fell by less than expected in April, supporting the view the Federal Reserve may keep interest rates on hold or even raise them by the end of the year.

  • Banks Alienate Customers By Raising Fees: Study Wednesday, 28 May 2008 | 12:25 PM ET
    ATM

    A rise in fees has led to growing dissatisfaction with retail banks, which may be sacrificing long term growth in favor of short-term gains, J.D. Power and Associates said in a study.

  • Economy to Weaken Next Year: Merrill's Rosenberg Wednesday, 28 May 2008 | 10:34 AM ET

    The US economy is likely to weaken even further next year, but inflation is mainly contained to oil and other commodities, Merrill Lynch economist David Rosenberg told CNBC.

  • Airbus Braces for Order Cancellations on Oil Price Wednesday, 28 May 2008 | 8:12 AM ET

    European planemaker Airbus is starting to feel the pain of the high price of oil and is bracing for airline customers to delay and even cancel orders, its chief salesman said on Wednesday.