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Inflation

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  • World Faces Food Shortages, Soaring Prices: Report Tuesday, 4 Dec 2007 | 5:46 AM ET

    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.

  • Australia Retail Growth Slows After Spending Spree Monday, 3 Dec 2007 | 10:06 PM ET

    Australian retail sales rose less than forecast in October as consumers cut back on household goods purchases after months of heavy spending, reinforcing expectations the central bank will keep rates on hold this week.

  • Dollar Declines Vs. Yen as Subprime Worries Persist Monday, 3 Dec 2007 | 12:01 PM ET

    The yen gained broadly Monday as investors cut exposure to risky carry trades amid expectations of widening financial sector losses tied to the U.S. subprime mortgage market.

  • US Manufacturing Growth Weakened in November Monday, 3 Dec 2007 | 10:38 AM ET

    Growth in U.S. factory activity slipped in November for the fifth straight month as tight credit conditions and the housing downturn restrained production, according to an industry report released Monday.

  • Ben Bernanke

    The Federal Reserve will cut interest rates by a full percentage point before June to help the housing market, Citigroup's chief economist, Lewis Alexander, said.

  • Australia Inflation Gauge Rises in November Sunday, 2 Dec 2007 | 7:01 PM ET

    Australian inflation accelerated further above the central bank's comfort zone in November as petrol prices climbed, a private survey showed on Monday, suggesting interest rates might yet have to rise further.

  • Dollar Rises on Month-End Corporate Buying Friday, 30 Nov 2007 | 4:46 PM ET

    The dollar surged against a basket of major currencies Friday and was on track for its biggest weekly gain in more than a year on profit-taking in the euro and month-end squaring up of positions by corporates.

  • US Treasury Near Deal to Aid Struggling Homeowners Friday, 30 Nov 2007 | 4:34 PM ET
    United States Treasury Secretary Henry Paulson

    The U.S. Treasury Department and mortgage industry leaders are putting the final touches on a plan that could save struggling homeowners from foreclosure by freezing interest rates before they reset sharply higher.

  • Fed Likely to Cut Rates, But How Much Is Unclear Friday, 30 Nov 2007 | 3:30 PM ET
    Federal Reserve Chairman Ben Bernanke.

    Economists say the Fed is almost certain to lower interest rates Dec. 11, but key economic data in the week to come will determine if its a quarter point or half a point.

  • US Economy Showing More Signs of Weakness Friday, 30 Nov 2007 | 12:45 PM ET
    Cash Register

    The U.S. economy is continuing to show weakness in everything from personal spending and income to construction spending, according to several reports out Friday

  • Bernanke Signals Fed Open To Cutting Rates Further Friday, 30 Nov 2007 | 8:48 AM ET
    Federal Reserve Bank Chairman Ben Bernanke.

    Federal Reserve Chairman Ben Bernanke said on Thursday a resurgence in financial strains in recent weeks had dimmed the outlook for the U.S. economy, signaling an openness to lowering interest rates again.

  • Euro Zone Inflation at 6.5-Year High, Sentiment Dips Friday, 30 Nov 2007 | 7:07 AM ET

    Euro zone inflation jumped more than expected in November to its highest in six and a half years and inflation expectations rose while economic sentiment worsened, highlighting the European Central Bank's rate dilemma.

  • Inflation Worries Hammer German Retail Sales Friday, 30 Nov 2007 | 4:02 AM ET

    German retail sales posted their steepest decline in October since a value-added tax increase sent them plunging at the start of the year, in a sign that consumers are increasingly worried about higher energy and food prices.

  • Japanese Inflation Rises, First Gain in 10 Months Friday, 30 Nov 2007 | 1:02 AM ET

    Higher energy and food prices saw Japan's core consumer prices record their first annual rise in 10 months in October, but the modest 0.1 percent gain only slightly boosted expectations of a rate hike early next year.

  • Dollar Gains on Month-End Corporate Buying Thursday, 29 Nov 2007 | 4:21 PM ET
    Exchanging Dollars and Euros

    The dollar rallied against most major currencies Thursday, buoyed by demand from U.S. corporations seeking to square their books by the end of the month.

  • U.S. Economy Shows More Signs Of Slowing Down Thursday, 29 Nov 2007 | 1:18 PM ET

    Softer-than-expected new-home sales and a surge in jobless claims heightened fears of a steep U.S. economic slide.

  • White House Revises GDP Outlook: 2007 Up, 2008 Down Thursday, 29 Nov 2007 | 12:49 PM ET

    The White House lowered its U.S. economic growth forecast for 2008 Thursday because of trouble in the housing and credit markets, but said the economy remained resilient and a six-year expansion would continue

  • GDP Surged in Summer But Slowdown Is Coming Thursday, 29 Nov 2007 | 12:27 PM ET

    The U.S. economy grew at a robust 4.9% rate in the third quarter, but a surge in jobless claims last week signaled a major slowdown in the fourth quarter.

  • Australian Investment Boom Eases in Third Quarter Wednesday, 28 Nov 2007 | 9:25 PM ET

    Australian business investment unexpectedly fell last quarter as the booming mining sector took a breather, though firms still upgraded already ambitious spending plans for coming months.

  • Japan's October Industrial Output Rises, Outlook Patchy Wednesday, 28 Nov 2007 | 7:48 PM ET

    Japan's industrial production rose in October from September, signalling firm corporate activity and steady exports, but the data did little to alter views that the Bank of Japan will not raise interest rates until next year.