BEIJING, May 27- China's central bank warned of deflationary pressure in the world's second-largest economy on Wednesday as it forecast subdued consumer prices for the year and a challenging growth outlook. But the People's Bank of China also tried to allay concerns about China's stuttering economy, saying it can expand around 7 percent this year, in line with...» Read More
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.
U.S. Treasury Secretary Henry Paulson said on Wednesday a recovery in the subprime mortgage market will be slowed by a wave of interest rate resets and urged lenders to help troubled borrowers.
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.
Bank of England Governor Mervyn King stood firm against bailing out struggling banks on Wednesday, but hinted that interest rates had reached their peak as he made his first comments since the credit crisis swept global markets.
China's retail sales growth surged in August to its quickest pace in more than three years, beating forecasts, but analysts said the jump largely reflected stronger inflation, not necessarily quicker underlying growth.
Fed Chairman Ben Bernanke said the U.S. and other countries must work together to correct the global imbalance of trade and investment, offering no clue about a rate cut at the Fed's Sept. 18 meeting.
The U.S. trade deficit narrowed slightly in July as exports continued to grow this year at a stronger pace than imports, even though both categories set records, a Commerce Department report showed on Tuesday.
China's consumer price inflation jumped to 6.5% in August, the highest level since December 1996, as a shortage of pork contributed to a surge in food prices. The inflation rate, up from 5.6% in July, easily surpassed economists' forecasts of 5.9% and cemented expectations that the central bank will keep tightening monetary policy.
Economists are clearly worried about the U.S. falling into a recession, but they also believe the Federal Reserve can help prevent one by cutting interest rates.
Dallas Federal Reserve Bank President Richard Fisher on Monday said the U.S. economy appears to be weathering troubles in housing and financial markets, but it was uncertain how things will play out.
The prepared text from Janet Yellen's speech to the National Association for Business Economics’ Annual Meeting in San Francisco, California
There are 6 1/2 trading sessions until the Federal Reserve says for certain whether it's lowering interest rates. They're apt to be some of the most anxiety-ridden times on Wall Street in years.
CNBC talks to the the experts about what investors should do in this market.
Investors will look in the coming week for any signs of calm returning to distressed money and credit markets and await a signal from Federal Reserve Chairman Ben Bernanke on whether an interest rate cut is imminent.
August non-farm payroll employment dropped by 4,000, the weakest monthly report in four years. Strategists, analysts and economists offer CNBC their insights.
Bush administration officials Friday sought to ease fears the U.S. was tipping into recession after a government report showed the economy shed jobs for the first time in four years last month.
A surprise drop in U.S. jobs could scare consumers into shutting their wallets during the key holiday shopping season.
International Monetary Fund Managing Director Rodrigo Rato said on Friday he expected a downward revision of IMF world growth estimates for 2007 and 2008 because of global credit turmoil.
Alan Greenspan, once the world's top central banker, said ongoing credit turmoil reminded him of the 1987 and 1998 market crises.