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Inflation

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  • CNBC's Schacknow: When Big Ben Speaks, We Listen Thursday, 15 Feb 2007 | 3:04 PM ET

    I’m sure I’m not the only one who listened to every word of Federal Reserve Chairman Ben Bernanke’s Congressional testimony over the past two days. But I AM sure I can say no one is jealous of me, including most of my co-workers. It comes with the Breaking News Desk job description.

  • Mr. Bernanke has given market bulls exactly what they wanted: commentary on the economy and inflation that is neither too hot nor too cold.

  • Gasoline Prices Rise for 2nd Week Monday, 12 Feb 2007 | 5:10 PM ET

    Gasoline prices rose for the second week in a row to an average of about $2.24 a gallon nationwide.

  • Saint Louis Federal Reserve President William Poole said  inflation ought to moderate this year amid solid growth, but if this failed to happen, he would press for policy action.

  • The AMT: Is An "Alternative" Option Possible? Thursday, 8 Feb 2007 | 2:42 PM ET

    Chalk it up to the new centrism -- or perhaps it's because some issues are so irksome, Republicans and Democrats must agree that a solution is needed. Whatever the case, two House members joined "Power Lunch" to sound the alarm over the alternative minimum tax (AMT) -- and the 20-month deadline to fix it.

  • Analysts: "Stable Oil Prices Are Behind Us" Thursday, 8 Feb 2007 | 11:53 AM ET

    Oil prices are hovering lower today, after failing to breach the $60 mark for three days straight. Therefore, we can conclude that oil will remain at this level ad infinitum, right? Think again, two petroleum market analysts told "Morning Call."

  • Eurozone Services Activity Hits 6-Month High Monday, 5 Feb 2007 | 5:36 AM ET

    A measure of growth in the Eurozone service sector hit a 6-month high in January of 57.9, compared with 57.2 in December, according to RBS/NTC, fueling speculation that European interest rates could see a further rise during 2007.

  • New Vornado Bid May Not Be Enough To Land EOP Thursday, 1 Feb 2007 | 1:33 PM ET
    Vornado

    The Super Bowl isn't the only big-money competition people are betting on this week: second-guessers are trying to call the shots before Monday, when Equity Office Properties shareholders will vote whether to accept takeover offers from Vornado or rival bidder Blackstone Group. CNBC's David Faber deconstructed Vornado's sweetened offer....

  • Fed Holds As Markets Rejoice-Nirvana For Investors? Thursday, 1 Feb 2007 | 9:47 AM ET
    Federal Reserve

    The markets rallied this afternoon after the Federal Reserve announced it would not be raising interest rates this quarter. The Dow surged over 100 points, with the Nasdaq and S&P 500 having rallies of their own. On “Closing Call,” Maria Bartiromo asked a bond fund manager and a chief investment officer for their take on the year ahead in trading.

  • The euro economy is keeping prices stable and cutting its jobless rate to a record low, according to statistics out Wednesday, but business confidence was more subdued as industry was unsure growth would continue at its recent fast pace.

  • Fed Forecasts: Rate Cuts Ahead Or None At All? Tuesday, 30 Jan 2007 | 11:35 AM ET

    As the Fed begins its two-day meeting, analysts are still in disagreement over what the central bank’s next moves will be as the year goes on. Jason Schenker from Wachovia and Carl Tannenbaum from LaSalle Bank disagree on what the Fed considers....

  • Bonds Reach New Highs; Analysts Know Why Friday, 26 Jan 2007 | 2:30 PM ET

    Bond yields over the past couple of days hit a five-and-a-half-month high. Paul McCulley of PIMCO attributes the jump to the market’s unwinding expectations of a Fed easing. “It was dressed up for an easing party, and the band is not going to show,” he said. McCulley and two other analysts were on “Power Lunch” to give their take on....

  • Needed: A Stiff Upper Lip At The Fed Friday, 26 Jan 2007 | 12:57 PM ET

    The Dow dropped 32.93 points today -- erasing January's gains. So what will fuel the next rally? With oil, tech and new-home sales rising, two analysts kept coming back to one theme in this "Morning Call" interview: strong nerves at the Federal Reserve. Randy Lert, chief portfolio strategist at Russell Investment...

  • Okay--What's The Fed's Going To Do Now? Monday, 22 Jan 2007 | 11:20 AM ET
    San Francisco Fed. President Janet Yellen

    San Francisco Fed President Janet Yellen is considered a dove when it comes to inflation – but she has indicated recently that she still thinks it’s a problem for this economy. So while most economists have been betting on a rate cute coming up on the horizon, is it possible the central bank will hike interest rates soon? David Wyss, chief economist at Standard & Poor’s and Carol Tannenbaum, chief economist at LaSalle Bank/ABN Amro....

  • Food Inflation: Something New To Digest? Friday, 19 Jan 2007 | 1:52 PM ET

    Most analysts have been watching the price of oil and how low it will go as a way to measure inflation in the U.S. But--there may be a new item on the inflation "menu" to keep an eye on: food. When oil went to high prices this past summer--the ethanol boom sent investors to corn (corn is used for making ethanol). Some economists now say agri-culture.....

  • Federal Reserve Chairman Ben Bernanke warned the U.S. Congress that failure to take action soon to deal with the budgetary strains posed by an aging U.S. population could lead to serious economic harm.

  • Irish Inflation Hits 4-Year High Thursday, 18 Jan 2007 | 9:06 AM ET

    Inflation in Ireland has reached a four-year high of 4.9%, the government's Central Statistics Office reported Thursday, citing a surge in mortgage and fuel costs as well as a hike in tobacco taxes.

  • With fresh signs that the U.S. economy is continuing to grow at a modest pace and wholesale price growth is moderating, Federal Reserve policy makers are unlikely to cut interest rates anytime soon.  

  • Fed's Beige Book: What It Means for U.S. Economy Wednesday, 17 Jan 2007 | 3:20 PM ET
    Federal Reserve

    The Federal Reserve released its Beige Book survey just as “Street Signs” began today. The survey showed the U.S. economy entered 2007 with moderate growth – including moderate wage gains and price increases. The bottom line was that the Fed appeared to still be “upbeat on inflation,” according to CNBC’s Steve Liesman.

  • German 2006 Inflation Up 1.7%, Driven By High Fuel Costs Wednesday, 17 Jan 2007 | 7:41 AM ET

    Germany's inflation was up 1.7% in 2006 over the previous year, largely driven by higher energy prices, the Federal Statistics Office said Wednesday.