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  • Greenspan Says Recession Still Likely in US: FT Monday, 26 May 2008 | 8:47 PM 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 was quoted on Tuesday as saying the United States was still more likely than not to have a recession despite relative stabilization in the economy in recent weeks.

  • End of US Housing Slump Likely to Be Long, Painful Monday, 26 May 2008 | 4:41 AM ET

    "This is going to be another difficult spring," said Mark Zandi of  Moody's Economy.com. "I think we are at the beginning of the end of the housing downturn, but it is going to be a long and painful end."

  • Trichet: Financial Markets Correction Is Ongoing Monday, 26 May 2008 | 3:32 AM ET

    European Central Bank head Jean-Claude Trichet said on Monday that financial markets were experiencing an "ongoing correction" and repeated that the G7 was concerned about excessive dollar volatility.

  • China Inflation Forecast to Hit 7% This Year Sunday, 25 May 2008 | 11:42 PM ET
    China, Chinese Flag

    China's consumer inflation is expected to reach 7% in 2008, up from 4.8% last year, a government economist said in comments published on Monday

  • Dollar Ekes Out Gains in Ultra-Thin Holiday Trade Sunday, 25 May 2008 | 9:07 PM ET

    The dollar held its ground on Monday, taking advantage of the ultra-thin volumes owing to U.S. and UK market holidays to arrest its decline of the last three weeks and eke out slender gains against a basket of major currencies.

  • Buffett: Banks Are to Blame For Subprime Debt Crisis Sunday, 25 May 2008 | 10:20 AM ET
    Warren Buffett

    Blame for the sub-prime crisis lies at the feet of banks who took too many risks in mortgage lending, Warren Buffett told a Madrid newspaper. Earlier, the billionaire investor said he expected a "long, deep" recession. 

  • Dollar Heads for Steepest Weekly Fall in 2 Months Friday, 23 May 2008 | 12:21 PM ET
    Exchanging Dollars and Euros

    The dollar fell on Friday and was set for its steepest weekly slide against a basket of major currencies in two months, as record high oil prices left the U.S. economy vulnerable to slower growth and rising inflation.

  • Kimberly-Clark to Raise Prices By Up to 8% Friday, 23 May 2008 | 9:11 AM ET

    Kimberly-Clark, marker of Kleenex tissues, Huggies diapers and a host of other consumer products, said Friday it would raise prices by 6 percent to 8 percent in the third quarter to offset higher raw material and energy costs.

  • Market Insider: Friday Look Ahead Thursday, 22 May 2008 | 9:43 PM ET

    Traders are hoping for a quiet end to the week, ahead of Monday's Memorial Day holiday. They say, though, a lot will depend on what happens with April's existing home sales data, released at 10 a.m., and the price of oil.

  • Paulson on Oil: Don't Blame Speculators Thursday, 22 May 2008 | 5:55 PM ET

    U.S. Treasury Secretary Henry Paulson told CNBC Thursday that rising oil prices are not driven by market speculation but instead reflect tight supplies and growing global demand.

  • Wall Street appears resigned to the idea that the Federal Reserve is done cutting interest rates, but a patchy economy could force policy-makers to keep their scissors handy.

  • Dollar Rises, Boosted by Oil's Pullback, Jobs Data Thursday, 22 May 2008 | 4:10 PM ET

    The dollar rose Thursday, boosted by better-then-expected jobless claims data, but support remained fragile as record high oil prices stoked worries about the health of the U.S. economy.

  • High Food Prices Likely to Continue For a Decade Thursday, 22 May 2008 | 11:56 AM ET
    Vegetables

    High food prices will continue for at least a decade even if they drop from the levels that sparked street protests or riots in Africa, Asia and the Caribbean in recent months, government-backed international agencies say.

  • Pimco's Gross: Inflation Threat Is Being Underplayed Thursday, 22 May 2008 | 11:33 AM ET
    Bill Gross

    Americans are fooling themselves if they think U.S. inflation is under control, the manager of the world's largest bond fund said

  • Fed's Kroszner: Mortgage Market to Recover Slowly Thursday, 22 May 2008 | 10:03 AM ET
    Randall S. Kroszner

    The US mortgage market will recover slowly from a wave of bad loans that threw financial markets into crisis and the lending system will need repairs, Federal Reserve Governor Randall Kroszner said Thursday.

  • Jobless Claims Fall, But Employment Outlook Still Dim Thursday, 22 May 2008 | 8:37 AM ET

    The number of U.S. workers filing initial claims for jobless benefits unexpectedly fell by 9,000 last week to its lowest level in a month, the government said Thursday, but remained at elevated levels to underscore a sluggish jobs market.

  • Market Insider: Thursday Look Ahead Wednesday, 21 May 2008 | 10:24 PM ET

    Stocks may try to shake off losses Thursday, but spiking oil prices and a weak dollar could hold back efforts to rally.

  • Abby Joseph Cohen Sees Interest Rates Rising Wednesday, 21 May 2008 | 5:13 PM ET

    Goldman Sachs Senior Investment Strategist Abby Joseph Cohen told CNBC Wednesday that she sees U.S. interest rates climbing, though not necessarily in the short term.

  • Dollar Drops vs. Euro, Yen as Growth Outlook Cut Wednesday, 21 May 2008 | 2:50 PM ET

    The dollar fell to a one-month low against the euro Wednesday and touched a one-week trough versus the yen after the Federal Reserve lowered its growth estimates for 2008.

  • FOMC Minutes from Meeting of April 29-30 Wednesday, 21 May 2008 | 2:20 PM ET

    The following is the text of the minutes from the Federal Open Market Committee's meeting of April 29 to 30, issued on Wednesday.