Improvements in the job market make reductions to the Fed's massive bond-buying program more likely, a top Fed official said.» Read More
US stocks ended mixed Thursday as a jump in oil prices boosted oil stocks and speculation about a government bailout of Fannie Mae and Freddie Mac, and a possible takeover of Lehman Brothers, gave investors some hope that relief is coming.
US stocks declined Thursday as oil surged and worries about the future of Fannie Mae, Freddie Mac and Lehman Brothers weighed on the market.
US stocks declined Thursday as worries about the future of Fannie Mae, Freddie Mac and Lehman Brothers weighed on the market. Oil surged past $120 a barrel.
US stock index futures briefly pared their losses after a drop in jobless claims. Investors remained tentative, however, amid worries about the future of Fannie Mae and Freddie Mac and the impact of geopolitical tensions on oil prices.
Costlier energy and food helped push July prices up, but oil prices have begun to decline and analysts hope that the worst might be over.
The U.S. economy may yet slip into recession, but inflation is an even bigger risk given the "exceptionally'' stimulative stance of monetary policy, Richmond Federal Reserve President Jeffrey Lacker said Tuesday.
Economists have soured on the U.S. economy's prospects for the second half of 2008 and have cut growth forecasts for next year as well, a closely watched survey released Monday showed.
The number of newly laid off people signing up for jobless benefits last week climbed to its highest point in more than six years as companies cut back given the faltering economy.
What you think of today’s statement by the Federal Reserve depends a lot on what you thought before the announcement. Those who believed the Fed was on course to tighten in the fall see the statement as dovish; those who thought that was unlikely see the statement as either neutral or even hawkish. I’m in the camp who believes this statement was neutral as to the outlook for policy changes.
The recent pullback in commodity prices—particularly oil—may moderate inflation in the coming months, providing some relief for consumers, stocks and the Fed.
Below is the statement released by the Federal Open Market Committee after its Aug. 5 meeting on interest rate policy:
The Fed held U.S. interest rates steady, expressing concerns about both economic growth and inflation and indicating it is in no rush to push borrowing costs higher.
Yesterday’s consumer inflator report was up 4.1 percent over the past year, the biggest rise in 17 years. Core inflation is much lower at 2.3 percent, but still above the Fed’s target. Right now commodity markets are nose-diving across the board. This is a good sign for diminished future inflation risk.
The experts gave CNBC their thoughts on the Federal Reserve meeting, where members are expected to vote on holding rates at 2 percent.
Wall Street widely expects the Fed to keep interest rates unchanged Tuesday as the central bank grapples with a faltering economy, shaky financial system and higher prices.
The specter of stagflation will likely keep the U.S. Federal Reserve, the European Central Bank, and the Bank of England from changing short term interest rates this week, and their hands may be tied for some time as economic growth slows but inflation remains high.
The main event this week is the Fed meeting on Tuesday and investors will tune in to see if Bernanke & Co. offer any insight on inflation. Plus, more earnings, including Cisco, P&G and AIG.
And Ben Bernanke was wrong. A year later we look back to see whose strategy was best for this country.
The surges this year in oil and food prices could not have come at a worse moment for the typical American worker, who has not had a raise to speak of in this decade. Still, the Federal Reserve’s policy makers - its governors and the presidents of its regional banks - are convinced that wage pressures could emerge unexpectedly, The New York Times reports.
The US economy, desperately looking to stave off a recession, might find salvation in an unlikely place: volatile oil prices.