This could have implications for other central banks around the world contemplating further easing, notably the European Central Bank and the Bank of England. The latter meets in the coming week and is widely expected to take steps to ease the economic pain of Britain's vote to leave the European Union. *BoE policy decision Aug. 4, Australia Aug. 1, BOJ minutes Aug. 3. » Read More
Former U.S. Federal Reserve Chairman Alan Greenspan said he feared a "dramatic contraction" in Chinese stocks but said the global economy may be able to shrug off a drop in asset prices.
With gasoline prices at record levels, the debate has intensified over whether gasoline companies are gouging customers at the pump or simply responding to supply and demand. “We don’t know if price gouging is occurring at the pumps as of right now," Rep. Heather Wilson, (NM-R) said on "Morning Call. "The Federal Trade Commission has no authority to investigate price gouging."
In an exclusive interview on CNBC, Richmond Federal Reserve President Jeffrey Lacker said he thinks economic growth will rebound by the end of the year but that inflation is still too high. “Business investments hit a soft spot in the fourth quarter, but all signs are that the fundamentals are good and it is going to be a source of strength going forward," Lacker told CNBC's Steve Liesman.
Are outages and maintenance issues causing our refineries to operate too inefficiently? James Halloran, energy analyst with National City’s private client group, appeared on “Morning Call” to discuss how refining capacity is affecting what you pay at the pump.
Don't be angry if gasoline hits $4 per gallon -- high prices at the pump might be just what America needs, say two "Morning Call" guests. The question, though, is what the short-term impact will be to the U.S. economy. Chris Varvares, president of Macroeconomic Advisers, and David Lazarus, business columnist at the San Francisco Chronicle, joined CNBC's Michelle Caruso-Cabrera to share their insights.
The Bank of England gave a strong hint on Wednesday that it is likely to raise borrowing costs at least once more, possibly as soon as next month.
Euro zone inflation in April came in higher than initially estimated but still within the European Central Bank's target, data showed, pointing to subdued price-growth pressures despite robust economic expansion.
Scott Martin, an analyst at Astor Asset Management, told CNBC’s “Squawk Box” that Tuesday’s Consumer Price Index report means the Federal Reserve will hold interest rates steady.
Consumer price inflation in Britain eased to 2.8% in April, official figures showed Tuesday, but remained stubbornly above the government's target and kept up pressure on interest rates.
The French consumer price index for April showed higher-than-expected increases of 0.5% from March and 1.3% from a year earlier, the Insee statistics office said.
China's annual consumer inflation slowed a touch in April to 3.0% from a more than two-year high of 3.3% in March, but analysts said the result would reinforce the case for further monetary tightening measures.
Robert Brusca, chief economist at Fact and Opinion Economics, told CNBC’s “Squawk on the Street” that strong employment and low inflation will continue to support consumer spending.
Andrew Wolf, retail and consumer sector analyst at BB&T Capital Markets, told CNBC’s “Squawk Box” that consumer spending is far from dead.
Former U.S. Federal Reserve Chairman Alan Greenspan said on Friday he still believed there was a one-third chance that the U.S. economy would slip into recession this year, reiterating a statement made in March.
Bill Strazzullo, chief market strategist at Bell Curve Trading, told CNBC’s “Power Lunch” that investors should consider taking profits in the downbeat market and then prepare for another climb to record levels.
Unemployment has hit a five-year low, yet inflation remains a top concern. Has Federal Reserve Chairman Ben Bernanke’s first year on the job been good for America? “Morning Call” brought experts to debate. Michael Panzner, the author of “Financial Armageddon,” said Bernanke has people focused in the wrong direction. ... Greg Hess, dean of faculty at Claremont McKenna College, disagrees: “The Fed is clearly on its toes,” he said.
The U.S. Federal Reserve on Wednesday held benchmark interest rates steady at 5.25% for a seventh straight meeting and again said its main worry is that inflation will fail to moderate. The widely expected decision by the U.S. central bank's Federal Open Market Committee keeps the overnight federal funds rate target at the level it hit in June after 17 straight quarter-percentage point increases.
The Federal Reserve is expected to keep interest rates steady on Wednesday, but some investors are hoping that the central bank may indicate that inflation pressures are easing.
The stock market may not be returning double-digit gains -- but Mark Jordahl, chief investment officer at First American Funds, and Jack Ablin, chief investment officer at Harris Private Bank, still believe "investors need to be in the market." The CIOs joined "Closing Bell" to explain why.
The U.S. Federal Reserve looks certain to hold interest rates steady when it meets this week and will likely restate worries on inflation, even while nodding to weak growth and an easing of price pressures.