CNBC's Rick Santelli discusses bond prices and yields.» Read More
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....
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....
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...
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....
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.
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.
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.
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.
Inflation is expected to have been moderate in December, according to forecasts of two key indicators out this week.
Consumer price inflation rose to 3% in the United Kingdom in December compared to a year ago, the government said Tuesday, a full point over the official target and the highest rate since 1997.
Bulgaria's consumer prices rose by 1.2% in December from a month earlier, the government reported Monday.
Norway's annual inflation rate declined to 2.2% in December from 2.6% in November, but was above the 1.8% reported for December 2005, Statistics Norway announced Wednesday.
The U.S. economy is poised for moderate growth and lower inflation, but there is no guarantee core inflation will continue to ease, Federal Reserve Vice Chairman Donald Kohn said.
Job growth and worker wages climbed strongly in December, suggesting the labor market remains very tight.
The Dow, Nasdaq and S&P 500 are down this morning after a better-than-expected jobs report. That’s right, healthy employment numbers have caused a dip in the market. Traders appear to be more concerned with the Fed these days, and the robust report could mean there's no rate cut in the near future. William O’Neil’s Stephen Porpora can’t understand why everyone is so surprised. He appeared on "Squawk on the Street."
Bear Stearns Chief Investment Strategist Francois Trahan has the second highest forecast for the market in 2007. He says there will be a different dynamic at work this year compared with 2006, though. While earnings fueled growth last year, look for the first multiple expansion in four years to drive stocks this time around.
Stocks look set to open lower as concerns about the direction of interest rates hangs over the market. Yesterday's turbulent move in stock indexes came on a wave of record trading volume. Some traders are telling us the high level of intraday volatility will be a theme for 2007 after a period of relative calm.
As we end for today, we can safely report it's been a banner year for stocks--by just about everyone's measuring stick. Bonds didn't so bad either. Blue chips were certainly the big standouts of 2006. The Dow Jones industrial average--the index of 30 of the nation’s biggest companies, hit record levels dozens of times since closing at 12,011.73 on Oct. 19. It's since surged to an intra-day high of 12,529.87. All this despite....