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Inflation

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  • EU Sees Euro Zone Growth Slowing, Inflation Steady Friday, 9 Nov 2007 | 5:59 AM ET

    Euro zone economic growth will be slightly better than expected this year thanks to a robust third quarter, but financial market turbulence will slow it next year and in 2009, the European Commission said on Friday.

  • US Airline Stocks Follow Market Slide Thursday, 8 Nov 2007 | 5:47 PM ET

    Shares of US Airways Group led major U.S. airline stocks lower on Thursday, as the sector matched a steep decline in the broader market.

  • Fed's Balancing Act On Rate Cut Getting Tougher Thursday, 8 Nov 2007 | 4:17 PM ET
    Federal Reserve Chairman Ben Bernanke.

    Ben Bernanke’s latest assessment of the economy shows the Fed’s job of balancing  inflation with a slowing economy is more difficult than ever, leaving policymakers undecided on further rate cuts.

  • Ben Bernanke's Speech: Economic Outlook Thursday, 8 Nov 2007 | 12:28 PM ET

    The prepared speech given by Federal Reserve Chairman Ben Bernanke on the economic outlook before the Joint Economic Committee on November 8, 2007.

  • Fed Chief Stays Cautious On Further Rate Cuts Thursday, 8 Nov 2007 | 12:15 PM ET
    Federal Reserve Chairman Ben Bernanke.

    Fed Chairman Ben Bernanke said the U.S. economy faces risks in both growth and inflation, suggesting the Fed will holding off deciding on further rate cuts.

  • South Korea Holds Interest Rates as Expected Wednesday, 7 Nov 2007 | 11:23 PM ET

    South Korea's central bank held its main interest rate steady at 5.0 percent for the third month in a row on Thursday, as widely expected, amid turbulent global markets and despite growing inflationary pressures.

  • Australia Unemployment Is Up, Full-Time Jobs Surge Wednesday, 7 Nov 2007 | 10:20 PM ET

    Unemployment in Australia unexpectedly ticked up from 33-year lows in October but the number of full-time jobs increased by the biggest amount in 16 years, underlining the continued strength of the economy.

  • Japan's Machine Orders Seen Rising but Rates on Hold Wednesday, 7 Nov 2007 | 9:35 PM ET

    Japanese machinery orders rose in the July-September period and are forecast to keep going this quarter, supporting the growth outlook for the economy, but financial market turmoil looks set to keep a lid on interest rates for the next few months.

  • Productivity Is Strongest in Four Years Wednesday, 7 Nov 2007 | 12:50 PM ET

    U.S. worker productivity rose at the strongest pace in four years in the third quarter, pushing labor costs down, the government said Wednesday in a report offering comfort to the inflation-wary Federal Reserve. 

  • Fed's Lacker Says Economic Risks Are 'Balanced' Wednesday, 7 Nov 2007 | 10:58 AM ET

    The risks posed by the credit market turmoil and inflation were about balanced, and there was some improvement in inflation, Federal Reserve Bank of Richmond President Jeffrey Lacker said on Wednesday.

  • Australia's Central Bank Lifts Rates to 11-Year High Tuesday, 6 Nov 2007 | 9:45 PM ET

    Australia's central bank raised interest rates to an 11-year high on Wednesday as it battled to contain inflation, a decision charged with unusual political implications just two weeks before a national election.

  • Wall Street Is Pressing Fed For More Rate Cuts Tuesday, 6 Nov 2007 | 3:42 PM ET
    Ben Bernanke

    It's been less than a week since the Federal Reserve hinted it was done lowering interest rates. Yet Wall Street is already clamoring for yet another cut.

  • Pray for a Warm Winter: Heating Bills Headed Up Tuesday, 6 Nov 2007 | 2:20 PM ET
    Heating Oil Delivery Truck

    Higher crude oil prices will force consumers to dig even deeper into their pockets to pay this winter's heating bills, as costs for heating oil, natural gas and propane will be more than previously expected.

  • Caterpillar CEO Sees 'Soft Landing' for Economy Tuesday, 6 Nov 2007 | 12:44 PM ET

    James Owens, the chief executive of Dow component Caterpillar, sees a soft landing in store for the U.S. economy.

  • Wall Street Is Pressing Fed For More Rate Cuts Tuesday, 6 Nov 2007 | 12:01 PM ET
    Ben Bernanke

    Fed Chairman Ben Bernanke may not have many soothing words for Wall Street when he testifies before Congress on Thursday.

  • Soros Forecasts 'Serious' US Economic Correction Tuesday, 6 Nov 2007 | 10:13 AM ET

    Billionaire investor George Soros forecast on Monday that the U.S. economy is "on the verge of a very serious economic correction" after decades of overspending.

  • Falling Home Prices Pose Major Risk: Greenspan Tuesday, 6 Nov 2007 | 4:23 AM ET
    On his last day as chairman of the Board of Governors of the Federal Reserve System, Alan Greenspan smiles as he presides over his final Federal Open Market Committee meeting at the the Fed's headquarters in Washington, Tuesday, Jan. 31, 2006. He is speaking to Deborah J. Danker, at left, special assistant to the board, with Vice Chairman Roger W. Ferguson Jr., at right. Greenspan has held the post for more than 18 years and is widely viewed as the most successful chairman in the Fed's 92-year h

    Former Federal Reserve Chairman Alan Greenspan said on Tuesday that falling U.S. home prices and high inventories of unsold properties presented a major risk to the U.S. economy and financial markets.

  • Foreclosures Could Remain High for 18 Months Friday, 2 Nov 2007 | 2:03 PM ET
    A home is advertised for sale at a foreclosure auction in Pasadena, California.

    The rate of foreclosures in the United States will remain higher than normal for the next18 months as the current home loan crisis plays itself out, a senior U.S. Treasury official said Friday.

  • Investors Wary of What Jobs Report Will Bring Friday, 2 Nov 2007 | 8:07 AM ET
    Help Wanted Sign

    After Thursday's huge selloff in the stock market, investors are now turning their attention to the October jobs report.

  • Raw Material Prices Spark China Inflation Concern Friday, 2 Nov 2007 | 1:27 AM ET

    Fast-rising oil, steel and coal prices are adding to inflationary pressure in China, the country's top economic planning agency said on Friday.