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Interest Rates

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  • BOJ Keeps Rates Steady, Focus Is on Inflation Friday, 13 Jun 2008 | 12:21 AM ET
    Japanese Flag

    The Bank of Japan kept interest rates on hold at 0.5% in a unanimous vote on Friday, as widely expected, as it balanced concerns about rising inflation with a worsening economic outlook.

  • China's Retail Sales Growth Holds Firm in May Friday, 13 Jun 2008 | 12:14 AM ET
    China, Chinese Flag

    China's retail sales held up in May despite the devastating Sichuan earthquake.  May retail sales growth edged down to 21.6% from 22.0% in April, slightly below a consensus forecast of 21.8%. 

  • Plosser is Right on the Money Thursday, 12 Jun 2008 | 11:26 AM ET

    Is there a July Fed action coming to take back a one-quarter rate cut? I think so. That would put up the target to 2.25%. It would be a shot heard round the world, strengthening the dollar and attracting new liquidity and capital flows into the US economy.

  • Business Inventories Rise, While Sales Are Strong Thursday, 12 Jun 2008 | 10:05 AM ET

    U.S. business inventories rose 0.5 percent in April, more than expected, while sales were their strongest since November, a government report showed.

  • Retail Sales Rise Much More than Expected in May Thursday, 12 Jun 2008 | 8:37 AM ET

    Total sales at U.S. retailers rose a full percentage point in May as many consumers had more spending cash in their wallets from government rebate checks, a report on Thursday showed.

  • Charles Plosser

    The Federal Reserve's leading inflation hawk told CNBC that interest rates will have to rise soon in order to keep a lid on rising prices.

  • Inflation Forecasts Raised in US, Europe, UK Thursday, 12 Jun 2008 | 8:19 AM ET

    The inflation outlook for 2008 in the U.S., Japan, euro zone and the UK rose again in June, triggering big revisions to economists' interest rate forecasts, Reuters polls showed on Thursday.

  • China Consumer Inflation Falls as Food Prices Drop Wednesday, 11 Jun 2008 | 11:30 PM ET
    China, Chinese Flag

    Chinese annual inflation fell in May to 7.7%, the first major break in a year-long surge, as food price increases slowed and other products resisted rising global commodity costs, the government said on Thursday.

  • South Korea Holds Rates, But Warns on Inflation Wednesday, 11 Jun 2008 | 10:01 PM ET
    Korea, Korean Flag

    South Korea's central bank held interest rates steady for a 10th consecutive month on Thursday, as expected, but warned Asia's fourth-largest economy faced a bigger risk from rising inflation than a domestic slowdown.

  • Abu Dhabi And Chrysler Building: Get The Irony Of It All? Wednesday, 11 Jun 2008 | 4:34 PM ET
    Chrysler Building

    Here is a building, completed in 1930 and built to house the headquarters of the once-great American auto manufacturer, being sold to the folks who are holding a death-grip on America’s wallets.

  • Consumers Feel Pinched By Energy, Food Prices Wednesday, 11 Jun 2008 | 2:12 PM ET
    Crowd of people on the street.

    The US economy remained "weak" in May as consumer spending slowed due to higher energy and food prices, the Federal Reserve said in its Beige Book summary.

  • Fed May Hold Rates Steady Despite Inflation: Kohn Wednesday, 11 Jun 2008 | 12:05 PM ET
    Donald L. Kohn

    Fed Vice Chairman Donald Kohn hinted that the central bank is inclined to leave rates steady despite rising inflation worries.

  • Pimco's McCulley: Government Understating Inflation Wednesday, 11 Jun 2008 | 9:36 AM ET

    The standard of living has decreased for many Americans, a trend that will reverse only after the troubles in the housing market work through, Pimco Managing Director Paul McCulley said on CNBC.

  • China Factory-Gate Inflation Nears Four-Year Peak Wednesday, 11 Jun 2008 | 12:13 AM ET
    China, Chinese Flag

    China's factory-gate inflation inched up to 8.2% in May, nearing a four-year high, suggesting that any moderation in consumer inflation in coming months may be limited.

  • Japan GDP Up, Wholesale Inflation Hits 27-Year High Tuesday, 10 Jun 2008 | 10:05 PM ET
    Japanese Flag

    Japan's growth has been revised up to 1 percent for the first quarter but this may be the last hurrah for the world's No.2 economy as surging raw material prices and a global economic slowdown bite.

  • Housing or Inflation? Tuesday, 10 Jun 2008 | 6:12 PM ET

    Why trying to solve both problems at the same time could lead to disaster.

  • Dow Ekes Out a Gain, Led by Coke Tuesday, 10 Jun 2008 | 4:54 PM ET

    Stocks struggled to hold gains Tuesday as bank stocks rallied but comments from Bernanke hung over the market like a cloud. Oil dropped more than $3 to settle at $131.31 a barrel.

  • Fed Is Hoping to Talk Down Inflation, Not Boost Rates Tuesday, 10 Jun 2008 | 2:54 PM ET

    The Federal Reserve hopes tough talk on inflation will do the job of moderating price increases, giving it room to avoid raising interest rates.

  • Stocks Struggle to Hold Gains; Coke Leads Dow Tuesday, 10 Jun 2008 | 2:38 PM ET

    Stocks ticked higher Tuesday as the rally started in bank stocks and then filtered into the broader market.

  • Dow Attempts Gains as Banks Rally Tuesday, 10 Jun 2008 | 1:12 PM ET

    Blue chips tried to muster an advance Tuesday, encouraged by a rally in bank stocks, but comments from Bernanke hung over the market like a cloud.