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The statement released by the Federal Open Market Committee after its January 29-30 meeting on interest rate policy.
The Federal Reserve cut its key interest rate another half point, as expected, and sparked a stock market rally by signaling that further rate cuts are possible.
The Fed is expected to lower U.S. interest rates another half-point Wednesday as part of an ongoing effort to bolster the economy.
Though there’s been much debate over how much the Fed should cut rates, the central bank's statement may be more important to the Fed’s credibility and market expectations.
U.S. economic growth skidded to a five-year low of 0.6% in the fourth quarter, reflecting the toll a slumping housing sector has taken on the national economy.
U.S. private employers added 130,000 jobs in January, a report by a private employment service said on Wednesday.
The UK commercial property market is beginning to lose its investor appeal as a slowing economy drags on the once buoyant sector, Simon Rubinsohn, chief economist from RICS, told "Squawk Box Europe" Wednesday.
Bank of England Governor Mervyn King won a second term as head of Britain's central bank, the Treasury said on Wednesday, ending months of speculation that he was out of favour because of the run on Northern Rock bank.
Asian stocks were suffering a case of the nerves ahead of the U.S. Federal Reserve meeting later Wednesday. Markets started the session on a strong note, but then slipped into negative territory with Hong Kong closing 2.6 percent lower and Japan shedding 1 percent.
Japan's industrial production rose less than expected in December and manufacturers saw their output falling in coming months, data showed on Wednesday, suggesting that companies are starting to feel the pinch from slowing U.S. growth and a housing slump at home.
Critics of many stripes think Bernanke is doing a poor job, whether it is lowering interest rates for the wrong reasons or keeping them too high for too long.
Stocks closed higher in another jittery session, helped by expectations of another Fed rate cut and an economic stimulus package from the federal government.
Oil climbed above $91 as stock markets rose on hopes of a fresh U.S. interest rate cut, with forecasts there will be a draw in U.S. distillate stocks and no change in OPEC output offering additional support.
The dollar edged up against the euro and yen Tuesday after a mixed bag of U.S. economic data led dealers to trim their bets against the currency ahead of Wednesday's policy decision by the Federal Reserve.
The multinational trade is thriving as global growth continues unabated and regardless of the U.S. economic slowdown. But the best way to play the world’s booming economies can be right here at home. Guy Adami highlights his favorite U.S.-based multinationals.
Europe's major stock indexes closed higher across the board Tuesday, buoyed by hopes that the Federal Reserve will cut interest rates again on Wednesday in order to avoid the world’s largest economy going into a recession.
U.S. individuals and businesses are likely to see their borrowing costs drop further as the Federal Reserve weighs another interest-rate reduction to bolster a sagging economy.
Schroders, Scottish Widow and Fidelity are among the funds that haven’t been keeping up with the pack in terms of returns, while Invesco Perpetual Income and High Income were among the best, a report from independent financial advisors bestinvest showed on Tuesday.
There's a bit of a debate brewing in Detroit, and frankly with all of the automakers around the world. The question is: How much more will car/truck/SUV buyers pay to buy a model that delivers 35 MPG? Or for that matter, to buy a ride that will meet the new fuel economy standards?
The economy is continuing to give off mixed signals as the Federal Reserve prepares to meet today and tomorrow on whether to cut interest rates further.