Richmond Fed's Jeffrey Lacker said that his dissent from the central bank's exit strategy stemmed from its mortgage-backed securities plan.» Read More
The European Central Bank has revised upward its 2007 forecasts for euro zone growth and inflation, according to Financial Times Deutschland, citing sources.
U.S. economic growth should rebound in the course of 2007 after hitting a soft patch in the first quarter and the main threat to the economy is inflation, a top Federal Reserve official said on Friday.
Switzerland's first quarter gross domestic product grew a real (or inflation-adjusted) 0.8% from the fourth quarter of last year and increased a 2.4% year-on-year, the Swiss state secretariat for economic affairs (SECO) said.
Concerns about inflation trumped worries about the slumping housing market last month in the minds of Federal Reserve officials who voted to hold interest rates steady. While Fed officials said the downturn in housing was turning out to be more severe than expected, worries about inflation continued to dominate the May 9 discussions.
With inflation slightly above the target range for the Federal Reserve and the initial first quarter GDP reading at only 1.3%, two policymakers debated on "Morning Call" whether the economy is headed for a "hard" or "soft" landing.
U.S. crude oil prices slid as much as 4% Tuesday; and gasoline followed suit. Is the bull market winding down? Stephen Schork, editor of The Schork Report, and Eric Bolling, independent oil trader and CNBC contributor, told "Street Signs" viewers that it "could be the beginning of the end" -- but they don't recommend getting out of the market just yet.
As the U.S. faces higher prices and adjustable mortgage rates, expect consumer spending to slow, economist Nigel Gault told “Morning Call.” But he also predicted that the slowdown may furnish some surprising benefits to America's economy.
Japanese consumer prices fell in April, making this the third straight month of declines and doing nothing to change the view that the Bank of Japan will wait until August to raise interest rates.
The International Monetary Fund said on Thursday that a rate hike by the Bank of Japan should be delayed until inflation expectations have recovered and the consumer price trend is firmly rising.
Former U.S. Federal Reserve Chairman Alan Greenspan said he feared a "dramatic contraction" in Chinese stocks but said the global economy may be able to shrug off a drop in asset prices.
With gasoline prices at record levels, the debate has intensified over whether gasoline companies are gouging customers at the pump or simply responding to supply and demand. “We don’t know if price gouging is occurring at the pumps as of right now," Rep. Heather Wilson, (NM-R) said on "Morning Call. "The Federal Trade Commission has no authority to investigate price gouging."
In an exclusive interview on CNBC, Richmond Federal Reserve President Jeffrey Lacker said he thinks economic growth will rebound by the end of the year but that inflation is still too high. “Business investments hit a soft spot in the fourth quarter, but all signs are that the fundamentals are good and it is going to be a source of strength going forward," Lacker told CNBC's Steve Liesman.
Are outages and maintenance issues causing our refineries to operate too inefficiently? James Halloran, energy analyst with National City’s private client group, appeared on “Morning Call” to discuss how refining capacity is affecting what you pay at the pump.
Don't be angry if gasoline hits $4 per gallon -- high prices at the pump might be just what America needs, say two "Morning Call" guests. The question, though, is what the short-term impact will be to the U.S. economy. Chris Varvares, president of Macroeconomic Advisers, and David Lazarus, business columnist at the San Francisco Chronicle, joined CNBC's Michelle Caruso-Cabrera to share their insights.
The Bank of England gave a strong hint on Wednesday that it is likely to raise borrowing costs at least once more, possibly as soon as next month.
Euro zone inflation in April came in higher than initially estimated but still within the European Central Bank's target, data showed, pointing to subdued price-growth pressures despite robust economic expansion.
Scott Martin, an analyst at Astor Asset Management, told CNBC’s “Squawk Box” that Tuesday’s Consumer Price Index report means the Federal Reserve will hold interest rates steady.
Consumer price inflation in Britain eased to 2.8% in April, official figures showed Tuesday, but remained stubbornly above the government's target and kept up pressure on interest rates.
The French consumer price index for April showed higher-than-expected increases of 0.5% from March and 1.3% from a year earlier, the Insee statistics office said.
China's annual consumer inflation slowed a touch in April to 3.0% from a more than two-year high of 3.3% in March, but analysts said the result would reinforce the case for further monetary tightening measures.