RUSSIAN PRESIDENT PUTIN SAYS GDP IN FIRST 10 MONTHS OF THE YEAR UP BY 0.6-0.7 PCT.» Read More
CNBC's Steve Liesman asks Federal Reserve Chairman Ben Bernanke whether the U.S. can expect bond purchase reduction increments of $10 billion going forward, and why Bernanke does not announce an ideal unemployment number.
Federal Reserve Chairman Ben Bernanke says the "economy is continuing to make progress" and, as a result, the Fed will modestly reduce bond purchases in January. Bernanke also addresses unemployment, saying "recent economic indicators have increased confidence the job market gains will continue."
Pimco's co-CIO Bill Gross reacts to the Fed's decision to taper its bond purchases. He says his firm remains skeptical on the Fed's approach relative to a cyclical economy being boosted by asset prices.
Pimco's co-CIO Bill Gross looks ahead to the global economy in 2014. He says a major headwind for the economy is the "leverage within the system."
CNBC's Rick Santelli provides insight on what traders at the CME Group are saying about the Fed's decision to taper $10 billion.
CNBC's Steve Liesman reports the Fed has provided future guidance for tapering and dovish guidance about interest rates on the way out.
The Fed announced a $10 billion reduction in its bond purchases. David Kelly, JPMorgan Funds; Bob Doll, Nuveen Asset Management; and Ken Volpert, Vanuard head of taxable fixed income, discuss the potential impact to bonds and equities.
Bob Doll of Nuveen Asset Management, says the economy is doing "well enough" for the Fed to begin the taper process. Ken Volpert of Vanguard, weighs in.
Steven Saywell, Global Head of FX Strategy, BNP Paribas, says the 2.8 percent growth forecast by the U.S. is "optimistic" and 2.2 percent is more likely.
Robert Wood, chief UK economist at Berenberg UK, says the U.K.'s growth will give the U.S. economy a "good run".
Hao Hong, MD of Research & Chief Strategist at Bank of Communications International, says the real test of Chinese reform is whether the government can sit tight if growth falls below 7% in 2014.
Jan Hatzius, Goldman Sachs chief economist, comments on the jobs report , when he expects tapering and discusses his healthy economic outlook for 2014.
CNBC's Rick Santelli and Steve Liesman break down the latest data on third quarter GDP and jobs.
Ian Henderson, CEO of Shawbrook, says big banks need to "pull up their socks" and lend more to small and medium businesses.
Gerard Reid, partner at Alexa Capital, says that the U.K. imports an increasing amount of gas which is pushing up energy prices.
Bruce Kasman, JPMorgan Chase chief economist, explains why he expects to see a "solid" number in this morning's ADP employment report and shares his outlook on the economy next year.
Peter Dixon, senior economist at Commerzbank, explains that the latest services PMI highlights that U.K. growth will slow and that there is still a"¿long way to go" before the unemployment target is reached.
Philip Shaw, chief economist at Investec, tells CNBC that while the U.K. recovery is becoming broader-based, it's "no time for being complacent."
Philippe Gudin, head of euro area economics at Barclays, says he is "surprised" at the timing of the Standard & Poor's (S&P) downgrade of the Netherlands, as he expects a rebound in growth next year.
Moritz Kraemer, chief sovereign ratings officer at Standard and Poor's (S&P), explains that the Netherlands was downgraded because of its growth potential, but that it has a stable ratings outlook due to its policy commitment.