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Core U.S. inflation is likely to drop to 2% from about 2.25%, but pushing it below that may require higher interest rates, Federal Reserve Governor Frederic Mishkin said on Friday.
Financial markets expect the Federal Reserve to hold benchmark interest rates steady Wednesday as the central bank gauges the impact of recent market turmoil and subprime mortgage woes while prices remain stubbornly high despite a softening economy.
Consumer prices in Britain rose 2.8% in the year ending in February, up a tenth of a point from January's rate, the government said Tuesday.
German producer price inflation dropped to its lowest level in more than two years last month, helped by lower oil and energy prices, according to government figures released Tuesday.
John Ryding, chief U.S. economist at Bear Stearns, told CNBC’s “Squawk Box” that he believes many analysts have overstated the effect of declining home prices on consumer spending.
Bill Seidman, CNBC’s chief commentator, told “Morning Call” that OPEC’s decision to hold production at current levels is good news for the U.S. economy. The Organization of Petroleum Exporting Countries, the source of about a third of the world’s oil, had cut output by 1.7 million barrels a day. OPEC doesn’t plan to meet again until September.
The central Bank of Norway will increase interest rates by a quarter of a percentage point for the sixth time since May in a bid to cool off Norway's oil-fired economy, the bank said Thursday.
The Swiss National Bank raised interest rates by 25 basis points on Thursday and said more tightening was probably needed to secure price stability in the long term as the weak franc could push up inflation.
Does the market have you scared? "The fear is interesting," says Tobias Levkovich, Citigroup's chief U.S. equity strategist. He joined "Squawk on the Street" to talk about "worried" investors -- and what they ought to do now.
Lower food prices helped to subdue French inflation in February, offsetting higher charges for services and manufactured goods, while the Bank of France raised its growth forecast for the first quarter.
Chinese consumer inflation rose in February on the back of higher food costs, but economists said they did not expect price pressures to get out of hand despite breakneck growth and plentiful cash in the banking system.
After last week's market turbulence, the impact of Friday's jobs report takes on even more weight. Two analysts joined "Closing Bell" to discuss how investors may have digested the figures -- and what they'll be watching for next.
Wages haven't kept up with productivity gains, making the current economic expansion good for corporate profits, but not so good for hourly workers. Wage growth is good news for consumer spending -- and not inflationary -- as long as productivity continues to increase.
Market experts told CNBC's "Morning Call" that Friday's release of monthly nonfarm employment data will be critical for the overall economic picture. Tony Dwyer, equity market analyst at FTN Midwest Securities, said the jobs data is "hugely important" and expects growth of 50,000 jobs, which is below the consensus forecast of about 100,000.
Former Federal Reserve chairman Alan Greenspan says that the U.S. has a ‘one-third probability’ of falling into a recession this year. Greenspan’s outlook contrasts that of his successor, Ben Bernanke, who believes that inflation is a bigger problem for the economy..so who's right?
After Tuesday's market spasm came another sobering notion: the correction might not be finished yet. But "it doesn't worry" James Bianco, president of Bianco Research. He explained his calm to CNBC's Joe Kernan.
Inflation in the 13 nations that share the euro currency slowed by more than expected to 1.8% in January, the EU statistics agency said Wednesday, a figure that may undermine the European Central Bank's case for raising interest rates again next month.
The Consumer Price Index report for January contained some unwelcome surprises, but the FOMC minutes offered a relatively positive one – “some improvement in core inflation.”
It would be a "terrible mistake" for the U.S. Federal Reserve to adopt any form of inflation target to guide policy, a senior Democratic lawmaker was quoted as telling the Financial Times.
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.