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  • UK Rates Expected to Come Down Gradually Wednesday, 6 Feb 2008 | 7:53 PM ET

    The Bank of England is widely expected to cut interest rates by 25 basis points Thursday, for the second time in three months, in a delicate balancing act between offsetting the impacts of a slowing economy and fending off inflation.  

  • Oil Ends Down at $87.14 on Stockpile Rise Wednesday, 6 Feb 2008 | 4:15 PM ET

    Oil ended down just above $87 on Wednesday, as crude-oil inventories rose last week for the fourth straight period, according to government data published today.

  • Fed's Plosser Says Inflation Remains Big Worry Wednesday, 6 Feb 2008 | 12:55 PM ET
    Charles Plosser

    The Fed must remain vigilant against rising inflation pressure this year even as the U.S. economy slows sharply, Philadelphia Fed President Charles Plosser said.

  • Productivity Rises 1.8%, Topping Estimates Wednesday, 6 Feb 2008 | 12:20 PM ET

    U.S. productivity in the fourth quarter rose at a stronger-than-expected pace as the biggest cutback in working hours in nearly five years helped restrain growth in labor costs, a U.S. Labor Department report showed on Wednesday.

  • Dollar Edges Lower Ahead of ECB Rate Decision Wednesday, 6 Feb 2008 | 11:44 AM ET
    Dollar and Euro

    The dollar edged lower against the yen and the euro Wednesday with investors reluctant to place big bets on currencies ahead of a key interest rate decision from the European Central Bank on Thursday.

  • Will Rate Decisions Offer Buying Opportunities? Wednesday, 6 Feb 2008 | 11:24 AM ET

    A softer stance on inflation by the European Central Bank and more rate cuts from the Bank of England would boost European stocks. Investors could cautiously start to buy shares.

  • Facing Pressure to Cut, ECB Will Likely Hold Wednesday, 6 Feb 2008 | 11:13 AM ET

    The European Central Bank is likely to keep its title as the last inflation hawk standing at its rate-setting meeting Thursday, but as fears of a global economic slowdown grow, calls for easing will only increase.

  • Asian Stocks Get Mauled, Japan Bleeds 4.7% Wednesday, 6 Feb 2008 | 2:59 AM ET

    Asian markets tanked in the afternoon session Wednesday, sending investors on a selling spree after unexpectedly weak service sector data in the United States and Europe fueled fears of a recession. Japan plunged over 4 percent and Hong Kong closed more than 5 percent lower.

  • Fed's Lacker Says 'Mild Recession' Possible Tuesday, 5 Feb 2008 | 1:05 PM ET

    The most likely path for the US economy is sluggish growth for at least half a year before a gradual recovery begins, Richmond Federal Reserve Bank President Jeffrey Lacker said.

  • Euro Slides as Weak Data Fuels Rate Cut Hopes Tuesday, 5 Feb 2008 | 12:03 PM ET

    The euro tumbled broadly Tuesday after dismal euro zone service sector data fedexpectations the European Central Bank also might have to cut interest rates to shore up growth.

  • Services Sector Pulls Back, Fanning Recession Fears Tuesday, 5 Feb 2008 | 11:49 AM ET
    Cash Register

    Because the services sector accounts for more than three-quarters of the U.S. economy, the downturn is fueling worries that the recession is already here.

  • Oil Below $89 on US Economic Concerns Tuesday, 5 Feb 2008 | 11:23 AM ET
    Oil Pipeline

    Oil fell more than a dollar on Tuesday, pressured by fund selling and equity market weakness in response to fears of an economic slowdown in top energy consumer the United States.

  • Credit Crisis, Not Recession May Be Fed's Big Worry Tuesday, 5 Feb 2008 | 9:58 AM ET
    Federal Reserve Bank Chairman Ben Bernanke

    If the health of the economy is so murky, why has the Federal Reserve been so aggressive in cutting interest rates?

  • ISM Services Number - Second Lowest Ever Tuesday, 5 Feb 2008 | 9:47 AM ET

    Today's ISM non manufacturing number of 41.9 is the second lowest ever reading for the 10 year old index.

  • Euro Zone Services, Sales Data Stoke Recession Fears Tuesday, 5 Feb 2008 | 7:04 AM ET

    Euro zone service sector growth slowed sharply in January from an already weak estimate and retail sales fell in the key Christmas period, according to data on Tuesday that stoked fears of a recession.

  • ECB’s Trichet Engineers His Economics Tuesday, 5 Feb 2008 | 7:00 AM ET

    The day after the Federal Reserve’s emergency interest rate cut two weeks ago, Jean-Claude Trichet went before the European Parliament to deliver perhaps the most eagerly awaited speech of his four years as president of the European Central Bank.

  • Asian Markets Sink on US Financial Worries Tuesday, 5 Feb 2008 | 5:13 AM ET

    Asian markets continued their weak run Tuesday with financial stocks sinking after U.S. credit card firms and banks were downgraded, stoking fears their troubles could spread to the global sector.

  • Australia's RBA Raises Rates, Warns on Inflation Tuesday, 5 Feb 2008 | 12:28 AM ET

    Australia's central bank on Tuesday raised interest rates to a decade peak of 7 percent, as it struggled to keep inflation under control, and left the door open for even more hikes if the red-hot economy did not cool soon.

  • Australian Consumers Spend Freely, Rate Rise Looms Monday, 4 Feb 2008 | 9:43 PM ET

    Australian consumers went on a shopping spree last quarter, data showed on Tuesday, giving a boost to an already red-hot economy and reinforcing the case for an imminent rise in interest rates.

  • Dollar Mixed Ahead of Central Bank Meetings Monday, 4 Feb 2008 | 5:03 PM ET
    Dollars and Euro

    The dollar slipped against the euro and edged up against the yen Monday as investors waited to see how major central banks at policy meetings this week will respond to a potential global economic slowdown.

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