Economic Measures Inflation

  • Dollar and Euro

    The dollar fell broadly Thursday, nearing a three-week low against the euro, after the Federal Reserve held interest rates at 2 percent, dashing expectations of an imminent rate hike.

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  • Japanese Flag

    Bank of Japan policy board member Seiji Nakamura said on Thursday the global economic outlook is highly uncertain due to world inflation worries and slowing economic growth, signaling there will be no policy change by the central bank in the near term.

  • The Dow ended with a modest gain after a pop from the Federal Reserve's rate decision fizzled.

  • Before getting into the nuances of the statement, it’s important to not lose sight of the overall action: for the first time since the Fed began cutting rates in September — by 3.25 percentage points in total — the Fed stood pat today. That is probably a clearer indication of what the Fed will do next than anything the Fed said.

  • Tony Crescenzi

    The Federal Reserve delivered a policy statement that roughly matched the increase in its recent rhetoric toward inflation risks by both upgrading its assessment of current economic conditions and by adding new language indicating discomfort with the inflation situation.

  • Vince Farrell

    I just finished a quick hit on "Street Signs" with Erin Burnett. The Fed kept the Fed Funds rate unchanged but I like the statement they issued. I read it as saying the upside risk to inflation is more on their minds than anything else.

  • 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.

  • hundred_in_hand.jpg

    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.

  • etf.jpg

    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.

  • durable_goods_no_txt.jpg

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