Neil Shearing, chief emerging markets economist at Capital Economics, says that Friday's rate hike by the Russian central bank is a "pre-emptive move" to forestall capital outflows ahead of sanctions.» Read More
The European Central Bank left interest rates unchanged on Thursday amid continuing uncertainty regarding the outlook for the economy.
Inventories at U.S. wholesalers rose 0.6 percent in November, but they did not keep pace with sales, which saw the biggest monthly increase in more than two years on rising petroleum prices, the government reported Thursday.
The Bank of England left interest rates on hold at 5.5 percent Thursday, despite clear signs of weakness in the retail and housing sectors.
The Bank of England is likely to hold interest rates steady at 5.5 percent when it meets Thursday, analysts told CNBC.com, but it looks set to resume its monetary-easing strategy in February.
The European Central Bank seems to have little choice but to keep rates on hold this time as well, despite rising inflation. Money markets are still not back to normal and there are signs of a weakening economy.
South Korea's central bank held its main interest rate steady at 5.00 percent on Thursday, as widely expected, deciding not to tighten to tackle rising inflation as it remains cautious over the risk of a global economic slowdown.
After putting the kibosh on rumors yesterday that the company was going under, Countrywide Financial today put out its December operational results, a few days early I might add. The release begins, “Our fourth quarter ended with a number of positive operational trends,” says President and COO David Sambol. He’s talking about loan fundings, up a bit from November and ahead of forecasts. .
The stock market may be the deciding factor in whether the U.S. economy tips into a consumer-driven recession this year.
The Federal Reserve will cut lending rates aggressively in the first half of 2008 as the United States faces a possible recession, PIMCO fund manager Bill Gross said in an investment outlook posted on Tuesday.
European markets ended mostly higher Tuesday as weak U.S. home-sales data raised expectations of an interest rate cut in America later in the month. The major indexes were already higher as investors bought up defensive stocks such as pharmaceuticals and telecoms in the face of a potential recession in the U.S.
A year ago we didn’t even report the “Pending Home Sales Index” from the National Association of Realtors. The index, which is based on contracts signed, not closings (closings are used for the monthly “Existing Home Sales” number), was always just kind of a barometer of the future, a guess at what the real sales number would be.
Treasury Secretary Henry Paulson discusses the dollar, the housing market, China and fly-fishing with the Squawk Box news team.
January seems to be that time when we spend half our time looking at where we’re going and the other half looking at where we’ve been. When it comes to mortgage-related losses, a fascinating study by Paul Miller of FBR really puts it all in perspective.
Treasury Secretary Paulson said the Bush administration is trying to minimize the impact of a housing downturn rather than rush new stimulus measures.
Major central banks are satisfied with joint efforts to tame money market tensions around the turn of the year but will remain in close contact, policymakers said on Monday.
The situation's dire, but Bernanke still doesn't get it, Cramer says.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
A worse-than-expected report on December job growth fueled worries about a U.S. recession but also heightened speculation of more interest-rate cuts.
Hiring practically stalled in December, driving the nation's unemployment rate up to a two-year high of 5 percent and fanning fears of a recession.
The drag on the U.S. economy from a deep housing slump should ease by mid-year, paving the way for stronger economic growth, a top White House adviser told CNBC.
The first employment report of the year looks set to make or break the trading day for stocks worldwide, as investors' fears about the fate of the U.S. economy grow.