Jeff Cox, CNBC.com’s Posts

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The members of the Federal Open Market Committee agreed unanimously in March that a 6.5 percent unemployment target for raising interest rates was “outdated” and should be removed, according to meeting minutes. This is breaking news. Check back here for updates. In the lone surprise development from the minutes, the Fed held a previously undisclosed …

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As winter fades to spring so will the ability of companies to keep using the weather as an excuse for weak performance. Blaming the snow, ice and freezing temperatures for softness in economic data and some high-profile earnings misses—such as Wednesday’s FedEx disappointment—has been easy money for Wall Street. Investors, in fact, have almost completely dismissed most …

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This is a breaking news story. Check back here for updates. At its first meeting under new Chair Janet Yellen, the Federal Reserve agreed to dial down its stimulus package another notch, and changed its view on when interest rates will rise. In moves widely anticipated by financial markets, the Fed Open Market Committee voted …

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Just days after his noisy exit from Pimco, Mohamed El-Erian has joined the round-the-clock cacophony that is Twitter. The former co-CEO of the Newport Beach, Calif., bond giant posted his first tweet Monday morning at around 10 a.m. to announce his presence. He officially left Pimco on Friday. By late morning, El-Erian had busied himself posting four …

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Cascading copper prices have multiple root causes that lead to one conclusion: The anticipated global economic recovery may not be all it’s cracked up to be. Consequently, analysts are in virtual unison that the extended-term trajectory is lower for the metal often used as a growth barometer. Copper futures are off more than 12 percent …

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At some point over the next few years, the rate of money flow and inflation will start to catch up to each other, eventually sending the economy into a recession, according to a new analysis from banking analyst Dick Bove. The good news in Bove’s forecast is that the day of reckoning is probably four …

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Job creation ramped up somewhat in February, posting a better-than-expected gain of 175,000 despite expectations that weather would keep the count low. The unemployment rate edged higher to 6.7 percent, according to the latest report from the Bureau of Labor Statistics. Economists polled by Reuters expected the U.S. economy to have created 149,000 jobs in …

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Public shouting matches. A tense working atmosphere. A man at the top running amok. These are not the things one usually associates with Pimco, the world’s largest bond manager with $1.9 trillion under management and the largest single fund that alone boasts $237 billion. However, that’s the portrait that emerged from a scathing profile Tuesday …

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Even for an entity used to doing heavy lifting when it comes to supporting the U.S. economy, 2008 was a historic year for the Federal Reserve. The central bank was left to grapple with the worst downturn since the Great Depression, and was challenged to come up with innovative tools to get the economy back …

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Hope that companies will begin deploying cash to grow sales and hire workers remain just that—hope that it will happen but defied by a reality showing that corporate America is still playing it relatively safe. Business investment remains elusive for companies that have watched their share prices soar by cutting costs and returning money to …

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The post-financial crisis world has been very, very good for Silver Point Capital. After slogging through the illiquid atmosphere that pervaded the investing world when the real estate market collapsed, the firm, piloted by Edward Mule and Robert O’Shea, has risen to the top of the hedge fund world with stellar returns since its low-point …

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Recent weak employment reports haven’t been enough to sway the Federal Reserve from reducing the pace of its monthly stimulus program, Chair Janet Yellen said Tuesday. In her first public remarks, delivered to the House Financial Services Committee, Yellen said the central bank does not look at economic reports in a vacuum when determining its …

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Federal Reserve Chair Janet Yellen promised on Tuesday a steady and consistent course forward, with less money printing but continued low rates. In her first public remarks since taking over for Ben Bernanke, Yellen sounded optimistic about the economy, including projections about unemployment and inflation. “The economic recovery gained greater traction in the second half of last …

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Job growth saw another weak month in January, with employers adding just 113,000 positions as frigid weather and a deluge of storms helped dampen hiring. The Bureau of Labor Statistics also reported Friday that the unemployment rate fell to 6.6 percent, a function of a labor force participation rate still mired around 36-year lows, though …

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Private companies created 175,000 new positions in January, a bit lower than in expected but in keeping with the pace of job creation over the past two years, according to the latest report from ADP and Moody’s Analytics. Economists expected the ADP to report that private companies created 180,000 jobs in January, down from the …