NEW DELHI, Feb 8- India's economic growth slowed in the last quarter of 2015, adding to pressure on Prime Minister Narendra Modi's government to expedite stalled reforms in the next session of parliament when it presents its annual budget. That rate of growth was faster than the 6.8 percent posted by China in the same quarter, although many economists say the...» Read More
With the second half beginning next week, two market analysts joined "Morning Call" to give their outlook for stocks for the remainder of 2007. Charles Bobrinskoy, vice chairman and director of research at Ariel Capital Management, is "somewhere between cautious and bearish," while Patricia Chadwick, president of Ravengate Partners, "is not as worried."
U.S. Federal Reserve policy makers want to shift their emphasis away from current benign inflation to uncertainty about future price pressures, and are debating whether to stop calling inflation "elevated" in their policy statements, the Wall Street Journal reported on Thursday.
Bank of England Governor Mervyn King and three other policymakers opposed this month's decision to hold interest rates at 5.5% and called for a hike, boosting expectations that borrowing costs will rise next month.
Robert Mellman, senior U.S. economist for JP Morgan, told CNBC’s “Morning Call” that strong employment and a sound economy have offset the housing slump.
Inflation data will set the agenda today as traders await the release of the CPI. Stock markets around the world are higher.
Bob Iaccino of RWH Financial, told CNBC’s “Squawk Box” that he believes the market rally will continue despite rising bond yields.
The Swiss National Bank raised interest rates by 25 basis points for the seventh quarter running on Thursday, and said more increases were likely if the economy remained strong.
Central bankers no longer have the luxury of being able to "mumble on occasion," which many were prone to do in the past, a top Federal Reserve official said.
Consumer prices in Spain rose 2.3% on the year in May, down from a 2.4% annual rate in April, the National Statistics Institute said Wednesday.
Consumer price inflation eased to 2.5% in the 12 months ending in May, down from 2.8% in April, the government said Tuesday.
Surging food prices boosted China's annual consumer price inflation to a 27-month high of 3.4% in May from 3.0% in April, the National Bureau of Statistics said on Tuesday.
Inflation of around 3% in the United States since 2005 is too high for comfort in the longer term, Cleveland Federal Reserve President Sandra Pianalto said on Monday.
In an exclusive interview with CNBC, Michael Moskow, president of the Chicago Federal Reserve Bank, said he believes inflation expectations are “well contained” and he sees stronger economic growth ahead.
Chief financial officers are becoming more pessimistic about the U.S. economy, according to a survey by Duke University’s Fuqua School of Business. The CFOs expect slower growth in earnings, capital spending and hiring, the survey says. They’re also concerned about rising labor costs and weakening consumer demand.
Some consumer advocates fear that consumers may get less bang for their buck at the pump, as scorching heat physically expands the volume of gasoline -- while gasoline prices remain the same. Judy Dugan, research director at the Foundation For Taxpayer & Consumer Rights, told "Morning Call" that the heat expansion -- and ostensible dilution -- of gasoline affects consumers negatively.
Mike Malone, equity sales and trading analyst at Cowen and Company, told CNBC’s “Squawk on the Street” that strong growth isn’t fueling inflationary fears.
Richmond Federal Reserve Bank President Jeffrey Lacker said that while "core" inflation has fluctuated, there's no sign yet that it's headed lower. Lacker's comments echoed what he said two weeks ago in an exclusive interview with CNBC's Steve Liesman
Inflation hovering around 3% in the United States since 2005 is too high for comfort in the longer term, Cleveland Federal Reserve President Sandra Pianalto said on Wednesday.
China's central bank is keeping a close eye on inflation after a recent spurt in the price of pork, eggs and other food, Zhou Xiaochuan, governor of the People's Bank of China, said on Tuesday.
Inflation in the UK could rise to as high as 5% in the year ahead, a leading economist has warned, according to the Daily Telegraph.