CNBC's Rick Santelli discusses bond prices and yields.» Read More
In an exclusive interview with CNBC, Michael Moskow, president of the Chicago Federal Reserve Bank, said he believes inflation expectations are “well contained” and he sees stronger economic growth ahead.
Chief financial officers are becoming more pessimistic about the U.S. economy, according to a survey by Duke University’s Fuqua School of Business. The CFOs expect slower growth in earnings, capital spending and hiring, the survey says. They’re also concerned about rising labor costs and weakening consumer demand.
Some consumer advocates fear that consumers may get less bang for their buck at the pump, as scorching heat physically expands the volume of gasoline -- while gasoline prices remain the same. Judy Dugan, research director at the Foundation For Taxpayer & Consumer Rights, told "Morning Call" that the heat expansion -- and ostensible dilution -- of gasoline affects consumers negatively.
Mike Malone, equity sales and trading analyst at Cowen and Company, told CNBC’s “Squawk on the Street” that strong growth isn’t fueling inflationary fears.
Richmond Federal Reserve Bank President Jeffrey Lacker said that while "core" inflation has fluctuated, there's no sign yet that it's headed lower. Lacker's comments echoed what he said two weeks ago in an exclusive interview with CNBC's Steve Liesman
Inflation hovering around 3% in the United States since 2005 is too high for comfort in the longer term, Cleveland Federal Reserve President Sandra Pianalto said on Wednesday.
China's central bank is keeping a close eye on inflation after a recent spurt in the price of pork, eggs and other food, Zhou Xiaochuan, governor of the People's Bank of China, said on Tuesday.
Inflation in the UK could rise to as high as 5% in the year ahead, a leading economist has warned, according to the Daily Telegraph.
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.