World Economy


  • Fed's Policy Statement Draws Mixed Reviews Wednesday, 30 Jan 2008 | 4:18 PM ET

    The Fed cut interest rates another half point, but economists are divided about whether its policy statement will successfully manage market expectations.

  • Dolls Stumbles Against Euro After Fed Move Wednesday, 30 Jan 2008 | 3:06 PM ET

    The dollar fell sharply against the euro on Wednesday after the Federal Reserve slashed benchmark interest rates by 50 basis points and said downside risks remain for growth.

  • Rising Gas Prices: Will They Change What We Drive? Wednesday, 30 Jan 2008 | 2:35 PM ET

    This afternoon, a new survey of car buyers is hammering home a point I've heard about, and blogged about, many times in the past: When gas prices hit a certain level people will turn away from big trucks and SUV's and migrate into hybrids and smaller, more fuel efficient vehicles.

  • Text: FOMC Statement Wednesday, 30 Jan 2008 | 2:18 PM ET
    The Federal Reserve headquarters in Washington, DC.

    The statement released by the Federal Open Market Committee after its January 29-30 meeting on interest rate policy.

  • Fed Cuts Rates Half Point; More Reductions Possible Wednesday, 30 Jan 2008 | 2:15 PM ET
    Federal Reserve Bank Chairman Ben Bernanke

    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.

  • Fed Expected to Cut Rates Another Half Point, to 3% Wednesday, 30 Jan 2008 | 12:18 PM ET
    Federal Reserve Bank Chairman Ben Bernanke

    The Fed is expected to lower U.S. interest rates another half-point Wednesday as part of an ongoing  effort to bolster the economy.

  • Fed's Outlook May Matter More Than Any Rate Cut Wednesday, 30 Jan 2008 | 12:09 PM ET
    Federal Reserve Chairman Ben Bernanke.

    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 Skids To Five-Year Low Wednesday, 30 Jan 2008 | 10:50 AM ET

    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.

  • Private Sector Likely Added 130,000 Jobs in January Wednesday, 30 Jan 2008 | 8:23 AM ET

    U.S. private employers added 130,000 jobs in January, a report by a private employment service said on Wednesday.

  • UK Commercial Property: Don't Dive in Yet Wednesday, 30 Jan 2008 | 8:16 AM ET

    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.

  • BoE's King Wins Second Term as Head of Central Bank Wednesday, 30 Jan 2008 | 5:10 AM ET

    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 End Lower on US Rate Jitters Wednesday, 30 Jan 2008 | 5:10 AM ET

    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 December Output Is Higher, Short of Forecast Tuesday, 29 Jan 2008 | 7:49 PM ET

    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.

  • Fed Chairman May Be Too Worried About Wall Street Tuesday, 29 Jan 2008 | 3:31 PM ET
    Federal Reserve Bank Chairman Ben Bernanke

    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 Close Higher on Fed, Stimulus Plan Tuesday, 29 Jan 2008 | 3:12 PM ET

    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 Above $91 as Rate Cut Hopes Support Prices Tuesday, 29 Jan 2008 | 1:24 PM ET
    Oil Pipeline

    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.

  • Dollar Drifts Higher Ahead of Fed Decision Tuesday, 29 Jan 2008 | 12:42 PM ET

    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.

  • Global Titan Trade Tuesday, 29 Jan 2008 | 12:41 PM ET

    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.

  • Euro Stocks End Higher on Fed Cut Hopes Tuesday, 29 Jan 2008 | 11:57 AM ET

    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.

  • Borrowing Costs Expected to Decline Further Tuesday, 29 Jan 2008 | 11:56 AM ET
    Federal Reserve Bank Chairman Ben Bernanke

    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.

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