WASHINGTON, July 10- U.S. wholesale inventories rose in May, reinforcing the view that economic growth should surge in the second quarter following a weak first three months of the year. The Commerce Department said on Thursday wholesale inventories increased 0.5 percent from a month earlier.» Read More
The "Closing Bell" team; CNBC.com's Jeff Cox; and Stephanie Link, TheStreet; offer insight on the markets and what economic data investors should keep in mind.
"We definitely want to make sure that inflation does not get out of hand," says Bill Strauss, Federal Reserve Bank of Chicago, providing an insider look at the Fed's policy decision to downgrade its economic growth forecast and extend "Operation Twist".
"I think people are right to say the case for QE3 is pretty strong," says Greg Ip, "The Little Book of Economics" author, discussing the Fed's strategy to implement more economic easing, with Jon Hilsenrath, Wall Street Journal chief economics correspondent.
Jack Welch, former GE CEO, shares his final views on a review written in the Wall Street Journal on "The Hidden Obama".
CNBC's Jane Wells breaks down the data on the outlook on housing and the economy from the UCLA Anderson Forecast, with Edward Leamer, UCLA Anderson Forecast director.
"I'd like to see the Fed stand pat, I think they are more likely to do an Operation Twist," says Peter Fisher, BlackRock global head of fixed income, discussing the odds of additional Fed easing when officials wrap its two-day meeting today.
"What makes sense is to extend 'Twist' a bit," says Randy Kroszner, University of Chicago professor, with Ira Jersey, Credit Suisse interest rate strategy director, discussing the likelihood of extending "Operation Twist", as the Fed wraps its two day policy meeting today.
CNBC's Rick Santelli breaks down the latest data on housing, and what it indicates about the health of U.S. economy, with CNBC's Steve Liesman.
Greg Ip, The Economist US economics editor, and Mark Olson, Treliant Risk Advisors co-chairman, discuss today's Fed meeting and whether some form of easing will be issued due to softening economic conditions.
As Greeks prepare to go to the polls on Sunday June 17, the fate of the euro and the recovery of the global economy could rest in their hands. But the biggest pain could be felt closer home as the country suffers through a fifth year of recession.
Helen Zhu, Goldman Sachs chief China equity strategist, discusses the dip in China's GDP and its impact on global markets.
Will the economy's slowdown trigger more economic easing in the near future? Jan Hatzius, Goldman Sachs chief economist, weighs in on Goldman Sachs lowering its GDP forecast and discusses possible policy moves by the Federal Reserve.
Depending on what degree the European crisis hits U.S. exports, and depending on the severity of the so-called fiscal cliff, the U.S. GDP could face a huge decrease. Sam Seder, "Majority Report" host; Tony Fratto, former White House deputy press secretary; Jennifer Rubin, Washington Post; and CNBC's John Harwood, offer insight.
Richard LeFrak, The LeFrak Organization president and Harrison LeFrak & Jamie LeFrak, The LeFrak Organization principals, discuss
CNBC's Steve Liesman reports the details on updated GDP forecasts and its impact on the markets, with CNBC's Rick Santelli.
Where would the GDP stand if the U.S. economy did not have a European overhang? Nick Sargen, Fort Washington Investment Advisors and Drew Matus, UBS senior U.S. economist, share their opinions.
Julian Callow, Barclays chief European economist, explains how Europe's expanding debt problem remains the biggest risk for the U.S. economy.
Julia Coronado, BNP Paribas chief economist, discusses whether Fed intervention will be enough to get the economy rolling again.
CNBC's Steve Liesman provides perspective on Fed Chairman Ben Bernanke's testimony on Capitol Hill and the impact on the markets, with CNBC's Rick Santelli.
Federal Reserve Chairman Ben Bernanke answers questions before the Joint Economic Committee in Congress. In the fifth round of questioning from Rep. Burgess and Rep. Hinchey, Bernanke address the question of what the U.S. can do to help Europe, and how America can prevent the same problems.