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  • ECB Turns 10 Friday, 30 May 2008 | 7:48 AM ET

    Would you believe it? It's already 10 years, since Riverdance power-danced the new bank for Europe through its inauguration at Frankfurt's venerated old opera, with great fanfare, festive speeches and "Ode to Joy", Europe's national anthem.

  • Will Inflation Force Euro-Zone to Raise Rates? Friday, 30 May 2008 | 6:47 AM ET

    On the verge of the European Central Bank's 10th anniversary, the news on inflation doesn't look good. Against the bank's target of "below but close to" 2 percent, euro-zone prices rose 3.6 percent in May, compared with the year ago, back to a historic high, data showed on Friday.

  • Japanese Inflation Dips, But Relief Is Temporary Thursday, 29 May 2008 | 9:32 PM ET
    Japanese Flag

    Japanese annual inflation dipped to 0.9% in April, thanks to a short-lived cut in a gasoline tax, but economists warned this would bring just temporary relief and a new decade high loomed.

  • Pimco's Gross Says Rampant Inflation Here to Stay Thursday, 29 May 2008 | 2:16 PM ET

    Soaring inflation will continue to cause policy dilemmas for the Federal Reserve and other central banks as the global demand for commodities remains strong, Bill Gross, chief investment officer at PIMCO, told CNBC Thursday.

  • Mortgage Rates Soar: Are More Foreclosures Ahead? Thursday, 29 May 2008 | 12:25 PM ET

    The culprit is fears of inflation, thanks to high gasoline prices. But even more troubling is the chance that the Fed will raise interest rates, which don’t correlate exactly to the 30-year fixed, but which will push up rates on some adjustable-rate mortgages and home equity lines of credit.

  • Inflation-Wary Fed Looks Ahead to Rate Hikes Wednesday, 28 May 2008 | 9:33 PM ET
    Federal Reserve

    Two Federal Reserve policy-makers warned on Wednesday that interest rate increases might be needed before too long to curb inflation, even as the United States struggles with a weak economy.

  • Gov. Edward Rendell

    For many many months I’ve heard many many policy-makers, lawmakers, and decision-makers argue for the good of those poor borrowers who were tricked into faulty mortgage products. They paint a picture of not ignorant, but perhaps uneducated folk who truly believed that they were buying into a sound financial scenario.

  • Banks Alienate Customers By Raising Fees: Study Wednesday, 28 May 2008 | 12:25 PM ET
    ATM

    A rise in fees has led to growing dissatisfaction with retail banks, which may be sacrificing long term growth in favor of short-term gains, J.D. Power and Associates said in a study.

  • Home For Sale - Reduced Priced

    We constantly talk about how much these price indexes are dropping, but we often forget how far they rose during the housing boom. If you purchased your home before the boom, and you’re still living in it, then the price drops, so far at least, haven’t negated your total appreciation.

  • Fed Won't Let Inflation Spiral Out of Control: Yellen Tuesday, 27 May 2008 | 12:06 PM ET
    Janet L. Yellen

    The Federal Reserve will not repeat the policy mistakes of the 1970s by letting inflation spiral out of control, San Francisco Federal Reserve Bank President Janet Yellen said Tuesday.

  • Analyst: Financial Crisis Winding Down Tuesday, 27 May 2008 | 8:44 AM ET

    There are several signs that the financial crisis that has long plagued the market is winding down, according to one expert.

  • HSBC CEO Calls for Higher Interest Rates Tuesday, 27 May 2008 | 4:30 AM ET

    The chief executive of Europe's biggest lender on Tuesday called on central bankers to raise interest rates in order to combat inflation.

  • Greenspan Says Recession Still Likely in US: FT Monday, 26 May 2008 | 8:47 PM ET
    On his last day as chairman of the Board of Governors of the Federal Reserve System, Alan Greenspan smiles as he presides over his final Federal Open Market Committee meeting at the the Fed's headquarters in Washington, Tuesday, Jan. 31, 2006. He is speaking to Deborah J. Danker, at left, special assistant to the board, with Vice Chairman Roger W. Ferguson Jr., at right. Greenspan has held the post for more than 18 years and is widely viewed as the most successful chairman in the Fed's 92-year h

    Former Federal Reserve chairman Alan Greenspan was quoted on Tuesday as saying the United States was still more likely than not to have a recession despite relative stabilization in the economy in recent weeks.

  • End of US Housing Slump Likely to Be Long, Painful Monday, 26 May 2008 | 4:41 AM ET

    "This is going to be another difficult spring," said Mark Zandi of  Moody's Economy.com. "I think we are at the beginning of the end of the housing downturn, but it is going to be a long and painful end."

  • Trichet: Financial Markets Correction Is Ongoing Monday, 26 May 2008 | 3:32 AM ET

    European Central Bank head Jean-Claude Trichet said on Monday that financial markets were experiencing an "ongoing correction" and repeated that the G7 was concerned about excessive dollar volatility.

  • Affordability: Is it A Sign Of The Housing Bottom? Friday, 23 May 2008 | 2:05 PM ET

    I’m hearing the word “affordability” a lot these days, increased affordability to be specific. The Realtors were hammering that particular positive during their monthly existing home sales presser this morning...

  • Euro Zone Economy Heads for Sharp Slowdown Friday, 23 May 2008 | 7:56 AM ET

    Euro zone economic growth looks set for a sharp slowdown in the second quarter after a strong performance at the start of the year, data showed on Friday, but rocketing inflation will keep interest rates on hold.

  • Paulson on Oil: Don't Blame Speculators Thursday, 22 May 2008 | 5:55 PM ET

    U.S. Treasury Secretary Henry Paulson told CNBC Thursday that rising oil prices are not driven by market speculation but instead reflect tight supplies and growing global demand.

  • Wall Street appears resigned to the idea that the Federal Reserve is done cutting interest rates, but a patchy economy could force policy-makers to keep their scissors handy.

  • S&P And The Staggering "New" Home Foreclosure Numbers Thursday, 22 May 2008 | 12:39 PM ET
    Foreclosure Sign

    Delinquencies for Alt-A mortgages (these are the low-doc, no-doc loans where you don’t have to prove your income, etc.) rated between 2005 and 2007 are continuing to climb, with total delinquencies now as high as 17 percent in some cases. That’s 6 percentage points higher than previous estimates.