SAN FRANCISCO, Dec 19- U.S. inflation will likely still be "well below" the Federal Reserve's 2- percent target next year, but that won't stop the central bank from raising interest rates, a top policymaker said on Friday. "I would say at this point that June 2015 seems like a reasonable starting point for thinking about when liftoff could happen," San Francisco Federal...» Read More
Now that economists have had a chance to absorb today’s core CPI numbers, predictions abound as to how the Federal Reserve will react in 2007. Bill Griffeth quizzed two analysts during “Power Lunch.” They seem to agree a rate cut is coming – it’s just a question of when.
As we reported this morning, core inflation was unchanged in November. The market responded by shooting toward another record in the Dow. The index is just 30 points away from 12,500 after hitting a record 12,400 close yesterday. But not all economists trust the numbers. As Brian Sack of Macroeconomic Advisers said on “Morning Call” today, it’s “too early to sound the ‘all clear.’ ”
Inflation in the 12 nations using the euro currency rose to 1.8% in November, up 0.2% point from 1.6% in October, when it stood at its lowest of the year, the EU statistics agency Eurostat estimated on Thursday.
Our quote of the day comes from shipping magnate Aristotle Onasis: "The secret of business is to know something that nobody else knows." We're letting you know what's going on in China--with the American and Chinese economic talks. CNBC's Carl Quintanilla is on the scene with the latest today.....
U.S. import prices posted a surprising 0.2% rise in November even though oil import prices fell, according to a new government report this morning.
Finland's annual inflation rate jumped to 2.1% in November, the highest figure in almost five years, the government statistics agency said Thursday.
German consumer prices dipped in November as lower fuel prices caused an easing on costs in Europe's biggest economy.
Consumer price inflation in the United Kingdom accelerated to 2.7% percent in November compared to the same month a year ago -- the highest rate in a decade, the government said Tuesday.
The U.S. jobs numbers are out -- 132,000 new jobs – unemployment rate is 4.5% - and average hourly earnings are up 0.2%. On this morning's "Squawk Box," Mark Zandi, Chief Economist at Moody’s.com, along with CNBC’s Ron Insana and Steve Liesman sifted through all the data and weighed in on what it means.
In an exclusive interview on cnbc.com, Chicago Fed President Michael Moskow said inflation is moving in the right direction, but the Fed isn't prepared to let down its guard.
slower-than-expected rise in Japan's inflation rate threw cold water on hopes of an interest rate hike by the Bank of Japan
Average U.S. home prices rose 7.73% over the 12 months to Sep. 30, but the quarter-to-quarter gain was the lowest since 1998 and indicates a sharp deceleration in house price gains, the U.S. Office of Federal Housing Enterprise Oversight.