Gold may struggle to top $1,300 an ounce again as tailwinds from central banks on an easing bent have stalled against the Federal Reserve's resolve.» Read More
The Factoid Factory: If you’re a regular viewer of CNBC, you’re probably familiar with the dozens of market factoids we put on the screen. “Dow Hits New Intraday High”. “S&P 500 at 6-Year High”. “Nasdaq Could Close At Best Level Since The Dawn Of Time”. etc. T hose factoids are the responsibility of the Breaking News Desk....
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.