Economic Measures Inflation

  • The Federal Reserve will hold its key interest rate at 2 percent for the remainder of the year as the economy winds through the various challenges it faces, according to bond manager Bill Gross.

  • The biggest hope for the bulls is a notable crack in oil (a sustained drop below $120 or so). After that, the notably oversold conditions (which could last a long time), and the lopsided bearishness of the Street should enable some kind of short-term bounce.

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    The dollar fell to two-week lows versus the euro on Wednesday, as selling accelerated in the aftermath of the Federal Reserve's decision to hold key interest rates steady at 2.0 percent.

  • Stocks jumped as the Federal Reserve left interest rates unchanged.

  • This is a transcript of Warren Buffett's live interview with Becky Quick on CNBC's Power Lunch, Wednesday, June 25, 2008 at 12p ET.   Buffett tells Becky U.S. inflation is "exploding" and warns that the Federal Reserve must signal controlling prices is not a secondary concern.

  • Stocks jumped as the Federal Reserve left interest rates unchanged.

  • Ben Bernanke

    The Federal Reserve held interest rates steady and said the risk of inflation has grown but stopped short of signaling that higher interest rates were coming soon.

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    I'm hearing that a very large energy trader--one of largest, actually--took a huge short position yesterday in two oil ETFS--Energy Select Sector SPDR and Oil Service HOLDRs and he's added to those shorts as this market sells off this morning.

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    Warren Buffett says inflation in the U.S. is "exploding" and he urged the Federal Reserve not to signal in any way that controlling prices is a secondary goal to encouraging economic growth.  "Inflation is really picking up.  Whether it's steel or oil, we see it everyplace," Buffett said of rising prices.  Buffett made his comments in a live interview with Becky Quick on CNBC's Power Lunch.

  • Federal Reserve Bank Chairman Ben Bernanke

    The Federal Reserve is expected to hold interest rates steady and indicate slightly greater unease on inflation, while stopping well short of signaling higher interest rates.

  • Stocks jumped as oil prices dropped more than $2 on news of an unexpected build in crude inventories. Traders watched and waited for the Fed's rate decision, due out at 2:15 p.m. ET today.

  • AmEx just out with comments, saying "We have seen credit indicators deteriorate beyond our expectations" and it was "too early to assess the impact of deteriorating credit indicators." Down about 1 percent.

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    New orders for long-lasting U.S. manufactured goods were unchanged in May after two consecutive months of decline.

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    Inflation risks have increased in the medium term and the European Central Bank stands ready to counter inflationary pressures, ECB President Jean-Claude Trichet told the EU Parliament on Wednesday.

  • Federal Reserve Chairman Ben Bernanke.

    The Federal Reserve finds itself in an uncomfortable situation: Staring down the barrel of inflation with limited options on what it can do.

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    Japan's exports in May rose more than expected from a year earlier, in a sign that growth in Asia and other developing countries is continuing to offset falling U.S. demand -- at least for now.

  • With food and oil prices surging it seems almost certain the Fed will fight inflation with a rate hike, But when?

  • Stocks ended lower as a midday rally fizzled by the closing bell. Financials held onto modest gains.

  • Stocks moved higher as a fallback in oil prices and a recovery in financial shares helped reverse an earlier decline.

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    The dollar extended losses against the euro on Tuesday, tumbling to a session low after data showed U.S. consumer confidence fell to a near 16-year trough.