CNBC's Rick Santelli discusses bond prices and yields.» Read More
Quincy Krosby, chief investment strategist at The Hartford, told CNBC’s “Closing Bell” that a Federal Reserve rate hike probably would push the economy into recession. “I think they have moved closer to neutral than a bias to hike,” Krosby said. “I don’t think they want to hike. If they are forced to, they may. But the repercussions of a hike are going to be, I think, pushing us toward a recession.”
Jim Glassman, senior U.S. economist for JP Morgan Chase, told CNBC’s “Street Signs” that the Federal Reserve’s minutes show concern for growth and inflation.“Inflation concerns aren’t new,” Glassman said Wednesday. “What’s new is the recognition that there are some downside risks to growth. I think the minutes show that (the Fed) is a little more cognizant of the two risks and it’s not just a debate about how much and when to tighten.”
Central banks should only try to minimize unemployment by keeping inflation at bay, Richmond Federal Reserve President Richard Lacker said on Wednesday.
Vinny Catalano, global investment strategist for Blue Marble Research, told CNBC’s “Morning Call” that first-quarter earnings will be “all over the map,” and this will force investors to become highly selective.
Peter Beutel, president of Cameron Hanover, told CNBC’s “Power Lunch” that an agreement to release captured British sailors doesn’t yet remove the “Iranian premium” on the price of crude oil. “I’d say that we added about $6 during the run-up,” Beutel said Wednesday. “So, (the premium) is not out yet. Even though we’ve solved this problem, the larger problem remains-- (Iran’s) nuclear issue. Iran and the West seem to be on a collision course long-term.”
Amanda Kurzendoerfer, commodity analyst at Summit Energy, told CNBC’s “Squawk on the Street” that the surprisingly large drop in gasoline supplies and low refinery capacity could send prices at the pump over $3 a gallon by mid-July.“We could see a three handle,” Kurzendoerfer said Wednesday. “I don’t think it will last long, but it definitely a possibility.”
Thomas Atteberry, analyst and portfolio manager for First Pacific Advisers, told CNBC’s “Power Lunch” that investors might consider large-cap, multi-national companies when picking stocks.“Try to stay away from the financial sectors of the market because they’re very exposed to the consumer,” Atteberry said Tuesday.
St. Louis Fed President Poole said he would lean toward a further rate increase should inflation fail to come down and if the economy was only moderately weak.
The ISM index fell to 50.9 from 52.3 in February. How are bonds reacting to Monday's lukewarm ISM number? Kevin Ferry, chief market strategist at Cronus Futures Management joined Liz Claman on “Morning Call.”
Australian retail sales surged 0.9% in February, blowing past market market forecasts and heightening the risk of another rise in interest rates, perhaps as early as this week.
Kevin Giddis, managing director of fixed income capital markets for Morgan Keegan, told CNBC’s “Power Lunch” that the Federal Reserve’s concentration on inflation is good news for bond investors.
A transcript, released by the Federal Reserve, of Chairman Ben S. Bernanke's testimony before the Joint Economic Committee in Washington on March 28, 2007.
The U.S. Federal Reserve is keeping an eye on inflation because of a risk that price growth will not moderate as much as it had expected, Cleveland Federal Reserve President Sandra Pianalto said on Tuesday.
"A Fund Affair" is a brand new column that focuses on mutual funds available in Asia. Each week, we will highlight one fund we think is interesting -- whether because it's invested in a hot market, has a niche appeal or simply has been in the news of late.Our inaugural column features the Aberdeen Asset Management's India Opportunities Fund. Why this fund? A hot topic of debate of late has been the outsourcing of business processes to India. India's benefited from these many contracts. So we decided to explore what India and its economy has to offer the investor and how well Indian companies have performed of late.
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.