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  • 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.

  • Bernanke Inflation Warning Fans Worries of Rate Hike Tuesday, 10 Jun 2008 | 1:10 PM ET

    World stocks hit their lowest in almost two months, major government bonds tumbled and the dollar jumped after the Fed chief fired another warning on inflation.

  • Pending Home Sales Rise, But Prices Fall Tuesday, 10 Jun 2008 | 12:27 PM ET

    Yes, it's good news that people appear to be buying homes again, but even the NAR admits they're buying homes in the areas where prices have fallen the most. More houses are becoming affordable, but prices are still in a downward spiral.

  • NAR’s Pending Home Sales: Something’s Amiss Tuesday, 10 Jun 2008 | 12:26 PM ET

    Back in 2006 the Pending Home Sales Index tracked closely with the real Existing Home Sales numbers, showing that contracts signed did in fact jibe with real closed sales. But come summer of last year (and the start of the credit crisis), you can see those lines diverge, and they’re still going.