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Inflation

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  • Jobs Report Makes Modest Rate Cut More Likely Friday, 7 Dec 2007 | 11:45 AM ET
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    Employers added 94,000 jobs in November, but a slowdown in recent months fueled speculation of a modest rate cut next week.

  • No Recession, But Housing Risky: Bush Advisor Friday, 7 Dec 2007 | 11:37 AM ET

    A senior White House economist said on Friday he believes the U.S. economy is still strong and not headed for recession, though it remains at risk from the slumping housing market.

  • Consumers Are In Gloomiest Mood in Two Years Friday, 7 Dec 2007 | 10:24 AM ET

    U.S. consumer sentiment soured for a third month in December as a housing recession andexpensive gasoline left consumers at their gloomiest since the aftermath of Hurricane Katrina, a report showed Friday.

  • Job Growth Could Be the Key to the Fed's Decision Friday, 7 Dec 2007 | 7:21 AM ET
    Unemployment Line

    Economists predict a modest gain of 70,000 in payrolls. But a strong private-sector report has the market looking for a positive surprise that could give the Fed license to cut.

  • Japan Foreign Reserves Hit 5th Record High Friday, 7 Dec 2007 | 1:44 AM ET

    Japan's foreign reserves, the world's second-largest, rose to a record $970.185 billion at the end of November, largely because lower U.S. interest rates boosted the value of U.S. bonds held in the reserves, the Ministry of Finance said on Friday.

  • Soft Capex Lowers Japan's Third-Quarter Growth Friday, 7 Dec 2007 | 12:03 AM ET

    Japan's revised down third-quarter growth on Friday, surprising markets that had expected an upward revision, prompting many to suggest it might now be late next year before the Bank of Japan can raise rates.

  • South Korea Holds Rates as Global Turbulence Persists Thursday, 6 Dec 2007 | 9:41 PM ET

    South Korea's central bank held interest rates steady for a fourth consecutive month on Friday, brushing aside growing local inflation but mindful that  persistent financial turbulence was clouding the global economy.

  • Dollar Extends Slide vs. Euro on Trichet's Comments Thursday, 6 Dec 2007 | 2:30 PM ET
    Dollars and Euro

    The euro rose against the dollar and the yen on Thursday after the European Central Bank left interest rates on hold but President Jean-Claude Trichet warned of "strong upward pressure" on inflation.

  • European Central Bank Rate Decision Timeline Thursday, 6 Dec 2007 | 6:37 AM ET

    This is a timeline of the European Central Bank's rate decisions for 2007.

  • New Zealand Holds Rates, Seen Steady for Longer Wednesday, 5 Dec 2007 | 7:47 PM ET

    New Zealand's central bank held interest rates steady on Thursday at 8.25 percent as expected, and said it was likely to keep them there for longer than it had previously thought because of increasing inflation concerns.

  • Dollar Gets Lift From Strong U.S. Jobs Report Wednesday, 5 Dec 2007 | 2:04 PM ET
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    The dollar rose to a one-month high against a basket of currencies Wednesday after reports showing robust job growth and productivity gains suggested a milder slowdown in the U.S. economy than many had thought.

  • Budget Office Sees 'Elevated' Risk of Recession Wednesday, 5 Dec 2007 | 11:10 AM ET

    The United States is at an "elevated" risk of economic recession because of housing woes, faltering confidence within financial markets and high oil prices, the nonpartisan Congressional Budget Office said Wednesday.

  • Service Sector Growth Slips; Factory Orders Jump Wednesday, 5 Dec 2007 | 10:50 AM ET

    Growth in the U.S. service sector slipped in November, indicating some parts of the economy were feeling the effects of the housing downturn and credit market strains, according to a report released Wednesday.

  • RBA.jpg

    Australia's central bank skipped a chance to raise interest rates on Wednesday as turmoil in global credit markets clouded the outlook for the world economy, even as economic growth at home hit a three-year high.

  • Abby Joseph Cohen: Economy to Rebound in 2008 Tuesday, 4 Dec 2007 | 5:30 PM ET

    Abby Joseph Cohen, chief investment strategist at Goldman Sachs, says the U.S. economy will rebound in mid-2008, but the next few months will be bumpy.

  • Surprise! CEOs Aren't Too Worried About Economy Tuesday, 4 Dec 2007 | 2:07 PM ET
    Cash Register

    U.S. chief executives' view of the economy improved in the fourth quarter, although they have become far more concerned about energy prices.

  • Dollar Slips Vs. Yen On Credit Fears Tuesday, 4 Dec 2007 | 1:52 PM ET
    Dollar and Euro

    The yen rose against the dollar and higher-yielding currencies for a second day, with investors shying away from risky assets amid deepening concerns over the credit turmoil and tightening liquidity.

  • Fed's Yellen: Economy's Downside Risk Getting Worse Tuesday, 4 Dec 2007 | 12:24 PM ET
    Janet Yellen

    Federal Reserve Bank of San Francisco President Janet Yellen said on Monday that worsening financial conditions and weaker-than-expected economic data have raised downside risks to the economic outlook.

  • Confidence Rebuilding Will Be 'Long and Slow': Ryan Tuesday, 4 Dec 2007 | 6:56 AM ET

    Financial market anxiety has rebounded and the process of rebuilding confidence will be "long and slow," a top U.S. Treasury official said on Tuesday.

  • World Faces Food Shortages, Soaring Prices: Report Tuesday, 4 Dec 2007 | 5:46 AM ET
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    The world is eating more than it produces and food prices may climb for years because of expansion of farming for fuel and climate change, risking social unrest, an expert and a new report said on Tuesday.