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Inflation

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  • Fed's Evans Says Interest Rate Levels 'Accommodative' Wednesday, 26 Mar 2008 | 2:28 PM ET

    Chicago Federal Reserve Bank President Charles Evans said on Wednesday that U.S. interest rates are now "accommodative" and should help to support stronger growth in the second half of 2008.

  • White House Short Course Wednesday, 26 Mar 2008 | 2:23 PM ET
    Democratic presidential hopeful, Sen. Hillary Rodham Clinton, D-N.Y., stands on stage prior to speaking about her health care policy, Monday, Sept. 17, 2007, at Broadlawns Medical Center in Des Moines, Iowa. (AP Photo/Charlie Neibergall)

    The steadily rising costs of higher education – roughly twice the inflation rate – makes it  a permanent part of the iron cross of American worries,  joining concerns about retirement, health care and jobs.

  • Euro Rises to Session High Above $1.58 Wednesday, 26 Mar 2008 | 12:30 PM ET
    Dollar and Euro

    The dollar fell for a second straight session Wednesday after an unexpected drop in durable goods orders heightened worries about the health of the U.S. economy and backed expectations of further interest rate cuts.

  • Durable Goods Orders Fell A Steep 1.7% in February Wednesday, 26 Mar 2008 | 10:15 AM ET

    Orders  for big-ticket manufactured goods fell for a second straight month in February, a worse-than-expected performance that provided more evidence of a slumping economy.

  • No End in Sight for Credit Crunch: Central Banks Wednesday, 26 Mar 2008 | 9:28 AM ET

    Top central bankers warned on Wednesday there was no end in sight yet to the global credit crunch as German banking giant Deutsche said the crisis threatened its profit target for this year.

  • Credit Crunch Makes Rate Cut More Likely: BoE's King Wednesday, 26 Mar 2008 | 9:27 AM ET

    Tighter lending conditions have made the Bank of England more inclined to cut interest rates as the global credit crunch enters a new and difficult phase, Mervyn King, the central bank's governor, said on Wednesday.

  • EU Concerned Over Euro Rise, Keeps 2008 Growth View Wednesday, 26 Mar 2008 | 6:44 AM ET

    The European Commission expressed concern on Wednesday about the euro's rise, saying it added to the strengthening headwinds facing euro zone growth, but stuck to its 1.8 percent forecast for 2008 economic growth.

  • Japan Feb Exports Rise Despite US Slowdown Tuesday, 25 Mar 2008 | 10:19 PM ET
    Japanese Flag

    Japan's exports rose a little more than expected in February from a year earlier as solid shipments of Japanese goods to Asia and Europe made up for a fall in exports to the United States.

  • Dollar Weakens on Weak US Economic Data Tuesday, 25 Mar 2008 | 3:24 PM ET
    Dollar Bill

    The dollar retreated broadly Tuesday, posting its steepest loss against the euro in two weeks, hurt by concerns about the health of the U.S. economy and the global financial sector.

  • US Dollar Rallies on Home Sales, Bear Stearns Bid Monday, 24 Mar 2008 | 2:53 PM ET
    Dollar Bill

    The dollar rallied across the board Monday on better-than-expected U.S. existing home sales data and J.P. Morgan's higher offer for Bear Stearns shares, which boosted Wall Street stocks.

  • Brown, Sarkozy to Urge Banks to Disclose Writeoffs Monday, 24 Mar 2008 | 12:05 PM ET
    British Prime Minister Gordon Brown.

    British Prime Minister Gordon Brown and French President Nicolas Sarkozy will urge banks this week to make "full and immediate disclosure" of write-offs due to the global credit crisis, British officials said on Monday.

  • March Madness Mania Monday, 24 Mar 2008 | 12:02 AM ET
    Traders buy and sell crude oil futures contracts at the New York Mercantile Exchange.

    Even the most seasoned commodity traders are looking back on this month's market action as nothing short of dramatic. Continued turmoil in the equity markets and falling confidence in the U.S. dollar sent investors scurrying into the relative safe haven of the commodities markets like droves of mad March hares.

  • US Dollar Holds Gains After Jump on Oil's Slide Thursday, 20 Mar 2008 | 9:14 PM ET
    Dollar Bill

    The U.S. dollar inched lower against the euro on Friday but held on to much of the gains it made the previous day when investors sold commodities including oil and gold and repatriated cash back into the dollar.

  • Dollar Gains vs. Euro After Commodities Sell-Off Thursday, 20 Mar 2008 | 5:37 PM ET
    Dollar Bill

    The dollar made its biggest gain since mid-December against the euro Thursday as investors sold oil, gold and other commodities and repatriated their cash back into the beleaguered U.S. currency.

  • Dollar Briefly Reverses Losses vs. Euro Wednesday, 19 Mar 2008 | 12:51 PM ET

    The dollar briefly reversed losses against the euro on Wednesday in volatile trading, drawing support from losses in gold futures.

  • As Interest Rates Decline, Bernanke's Stock Goes Up Wednesday, 19 Mar 2008 | 11:43 AM ET
    Ben Bernanke, President Bush's top economic adviser, speaks in the Oval Office at the White House after Bush named him to take over the Federal Reserve from retiring Alan Greenspan, in Washington, Monday, Oct. 24, 2005. It was the third time in as many years the president has turned to the 51-year-old Bernanke for a sensitive post. Bush named him to the Fed board in 2002, then made him chairman of the president's Council of Economic Advisers earlier this year. (AP Photo/J. Scott Applewhite)

    Fed Chairman Ben Bernanke’s stock is at a 52-week high on Wall Street --- with the exception perhaps of Bear Stearns, which appears to be selling him short.

  • After the Fed's Latest Rate Cut: CEOs Weigh In Wednesday, 19 Mar 2008 | 10:53 AM ET

    A day after the Federal Reserve cut interest rates another three-quarters of a point, CEOs joined Squawk Box to share their outlook on the economy and markets.

  • BoE Voted 7-2 for Steady Rates in March Wednesday, 19 Mar 2008 | 5:42 AM ET

    Two of the nine Bank of England policymakers opposed this month's decision to keep interest  rates at 5.25 percent, preferring an immediate quarter-point cut to shore up the economy in the face of a global downturn.

  • Fed Gives Inflation a Promotion in Tuesday's Cut Tuesday, 18 Mar 2008 | 4:08 PM ET

    Today's statement is another in a series of very significant communications from the Fed. At the extreme, it could mean the Fed is done cutting rates, barring any more massive credit-market upheavals.

  • Dollar Gains on Euro, Yen After Fed Rate Cut Tuesday, 18 Mar 2008 | 4:01 PM ET
    Dollars and Euro

    The dollar posted gains against the yen and the euro on Tuesday after the Federal Reserve slashed benchmark interest rates by 75 basis points.