Stocks sank Friday following news that the U.S. economy shrank in the first three months of the year. The revised data showed that gross domestic product contracted 0.7 percent in the first quarter. That was worse than the government's initial estimate of growth of 0.2 percent.» Read More
CNBC's Rick Santelli breaks down the latest real numbers on the nation's gross domestic product and what it indicates about the economic recovery. John Lonski, Moody's Capital Markets, weighs in.
Discussing the Fed's decision to taper its bond purchasing program and the markets immediate response, with Diane Swonk, Mesirow Financial chief economist & senior managing director; Scott Minerd, Guggenheim Partners CIO; Rick Rieder, BlackRock managing director; and CNBC's Rick Santelli.
CNBC's Rick Santelli discusses the Fed's decision to taper and its direct effect on the Treasury market. Steve Liesman says, "Essentially the bond market is unchanged, not sure the equity market was paying attention to the same things."
Fed Chairman Ben Bernanke discusses long-term unemployment and the economic impact of ending extended unemployment benefits. "Overall it could have a very small effect on the measured unemployment rate," Bernanke says.
Fed chairman Ben Bernanke says, in retrospect, the Fed was slow to recognize the financial crises, but is now better prepared to handle future financial events.
Fed chairman Ben Bernanke says he has increased the transparency and accountability of the Federal Reserve, and Fed policy helped the economy recover more quickly.
Fed chairman Ben Bernanke addresses job creation and why the economy has not produced more jobs. Compared to other countries the U.S. recovery has been better than most, but is still somewhat tepid, Bernanke says.
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.