U.S. producer prices fell for a third straight month in November, pointing to a lack of inflation.» Read More
The Federal Reserve acted Tuesday, cutting the fed funds rate and the discount rate by a half-percentage point each. Oil jumped to a new high as the news was announced and immediately afterwards, stocks rallied in the strongest reaction to a Fed move since 2001. With the Fed funds rate now at 4.75 percent and the discount rate at 5.25 percent, where will the market go? CNBC's experts weighed in.
The Fed cut two key interest rates by half a point, seeking to prevent a steep housing slump and turbulent financial markets from triggering a recession.
The statement released by the FOMC after lowering rates.
The nation's top money managers, investment strategists and professional economists overwhelmingly expect the Fed to lower the federal funds rate a quarter-point, to 5%.
Since we’re all "Fed, Fed, Fed," it behooves me to weigh in on how a Fed rate cut would affect mortgage interest rates, not to mention the current mortgage despair spiral, as lenders run for cover and investors turn up their collective noses. From everything I hear, it’s not going to do much in the short term, but rather than hear it from me...
Federal Reserve policymakers are meeting today in one of the most closely watched central bank conferences in years. The Fed is slated to release its rate-cut decision at 2:15pm ET. CNBC asked the experts what they expect the Fed to do -- and what impact it will have on the economy and markets.
The Labor Department said it was the largest fall in producer prices since a 1.5 percent dip in October 2006.
A relatively tame inflation number and no mean surprises in Lehman Brothers earnings this morning is giving support to stocks ahead of the Fed's momentous decision today. Traders are also watching oil prices crack yet another record level.
Fed policymakers meet Tuesday in one of the most closely watched central bank meetings in years. CNBC asked the experts what they expect the Fed to do and what impact it will have on the economy and markets.
Alan Greenspan keeps making news, even after leaving the Federal Reserve chairman’s post. Last week, he released his memoirs, taking the Bush Administration to task; and he told CNBC the housing bubble was "unavoidable." Here is a sampling of our broadcast coverage, including an exclusive Greenspan interview with senior economics reporter Steve Liesman.
Former Federal Reserve Chairman Alan Greenspan also says the chances of a recession have risen from January, when he said there was about a 33% chance.
U.S. Treasury Secretary Henry Paulson said on Monday he expected market turbulence to continue for a while, but said the current turmoil was occurring against the backdrop of global financial strength.
Sales at U.S. retailers rose a smaller-than-expected 0.3% in August and recorded the biggest decline in almost a year when car sales are excluded. Meanwhile, consumer sentiment was steady in early September.
Here are some more highlights from our NBC/WSJ poll, which tells a lot about the state of the race for the White House. Though rivals question Hillary Clinton's "electability," she outpaces all of them in the public's assessment of qualifications for the presidency. 46% of Americans express confidence in her “skills and ability necessary to be president”...
This week, NBC Nightly News will air a series of reports on issues important to women, including special business reports on Tuesday and Thursday.
Former Federal Reserve Chairman Alan Greenspan said he was late to see the storm gathering around U.S. mortgage lending practices and commended his successor Ben Bernanke's handling of the crisis, saying he would likely be responding in a similar fashion.
Federal Reserve Chairman Ben Bernanke is scheduled to testify before the House Financial Services Committee on Sept. 20, a spokesman for the panel said.
The number of U.S. workers signing up for jobless benefits edged up a smaller-than-expected 4,000 in a holiday-shortened week, a government report showed on Thursday.
Whether by dumb luck or intelligent design, Federal Reserve officials appear to have squeezed their way out of a dangerous policy trap.
Ongoing weakness in the housing market will push the national economy to the brink of recession, but growth in other areas should put the country back on a slow road to recovery by 2009, according to an economic forecast released Wednesday.