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  • Paulson: Housing Remains Drag on Economy, Markets Tuesday, 16 Oct 2007 | 11:59 AM ET
    Treasury Secretary, Henry Paulson

    Treasury Secretary Henry Paulson warned that the  housing correction would continue to hurt the economy and financial markets and called for assistance for homeowners.

  • Ben Bernanke's Speech Tuesday, 16 Oct 2007 | 9:36 AM ET

    The text to a speech given by Federal Reserve Chairman Ben Bernanke on "The Recent Financial Turmoil and its Economic and Policy Consequences" on October 15, 2007 in New York City.

  • Bernanke Speech Dominates Street Talk Tuesday, 16 Oct 2007 | 8:57 AM ET

    My thoughts this Tuesday morning: 1) Ben Bernanke's speech widely discussed on the Street this morning. Traders wondering why he didn't talk about energy and food prices; further evidence that core inflation is what matters to the Fed.

  • UK Sept. Inflation is Steady at 1.8% Tuesday, 16 Oct 2007 | 8:28 AM ET

    Consumer prices in the United Kingdom rose 1.8 percent in September compared with a year earlier, unchanged from the previous month, the government said Tuesday.

  • Dollar Slides, Hurt by US Stock Market Losses Monday, 15 Oct 2007 | 3:42 PM ET

    The yen hit its lowest levels in around two months against both the dollar and euro on Monday, as risk-seeking investors took advantage of cheap Japanese borrowing costs to fund purchases of high-return assets.

  • I didn’t make a big deal about it a few weeks ago, when I heard that Countrywide was launching a public relations blitz after months and months of negative publicity and talk of massive layoffs at the massive mortgage lender.

  • Trichet Begs for Verbal Discipline on Euro Monday, 15 Oct 2007 | 12:41 AM ET

    Verbal discipline is key for the smooth functioning of currency markets, European Central Bank President Jean-Claude Trichet tells CNBC Frankfurt correspondent Silvia Wadhwa in an exclusive interview, a veiled plea to European leaders to stand by the ECB.

  • Dollar Higher on Strong U.S. Retail Sales Friday, 12 Oct 2007 | 4:41 PM ET
    Dollar and Euro

    The dollar snapped a three-day decline against the euro and gained on the yen Friday, as solid September retail sales suggested U.S. consumers continue to spend despite a weak housing sector.

  • Consumer Sentiment Edges Lower in October Friday, 12 Oct 2007 | 10:35 AM ET

    U.S. consumer sentiment fell slightly in early October to its lowest in more than a year as uncertainty grew about the extent of the housing slump, a survey released Friday showed.

  • Euro-Zone Industrial Output Rose in August Friday, 12 Oct 2007 | 8:49 AM ET

    Euro-zone industrial production rose much more than expected in August, the European Union's statistics office said, raising hopes of continued strong growth despite a rising euro and the global credit crunch.

  • Euro-Zone Growth Resists Turmoil: ECB Friday, 12 Oct 2007 | 8:47 AM ET

    Financial market turbulence has so far failed to dent the euro zone economy and inflation dangers remain, European Central Bank policymakers said on Friday.

  • Dollar Steadies vs. Yen, Euro Before Data Friday, 12 Oct 2007 | 2:50 AM ET
    Dollar and Euro

    The dollar steadied against the euro on Friday as investors awaited US economic data that may shed more light on whether the Federal Reserve will continue to cut interest rates.

  • Bush Says He Believes in Strong Dollar Policy Friday, 12 Oct 2007 | 1:56 AM ET

    President Bush said in an interview with the Wall Street Journal Thursday that he believes in a "strong dollar policy" and that a trade war with China is not in the US interest.

  • US Home Foreclosures Fall 8% in September Thursday, 11 Oct 2007 | 1:52 PM ET
    A home is advertised for sale at a foreclosure auction in Pasadena, California.

    US home foreclosure filings decreased 8% in September from a 32-month peak in August, though they are still nearly double their year-ago levels, a report said on Thursday.

  • Euro Zone First-Quarter Growth Better than Expected Thursday, 11 Oct 2007 | 6:40 AM ET

    Euro zone growth turned out better than expected in the first quarter, making the second-quarter slowdown more pronounced, revised data showed on Thursday.

  • Japan Holds Rates Steady, Machinery Orders Fall Thursday, 11 Oct 2007 | 1:01 AM ET

    The Bank of Japan left its policy rate target unchanged at 0.50% on Thursday as expected, as it waits for more evidence that U.S. subprime woes will not threaten its scenario for modest growth in Japan.

  • South Korea Keeps Interest Rates Steady Thursday, 11 Oct 2007 | 12:10 AM ET

    South Korea's central bank held interest rates steady on Thursday, as expected, in the face of  risk from turbulent global financial markets and despite data bolstering the case for further monetary tightening.

  • Australia's Jobless Rate Drops to 33-Year Low Thursday, 11 Oct 2007 | 12:03 AM ET

    Australia's jobless rate fell to a fresh 33-year low of 4.2% in September, keeping alive speculation that interest rates would need to be raised again to cool the economy and restrain inflation.

  • Dollar Falls on Fed Rate Cut Expectations Wednesday, 10 Oct 2007 | 4:56 PM ET
    Dollar and Euro

    The dollar fell Wednesday on speculation that the Federal Reserve may cut interest rates again this year, to prevent a weak housing sector from damaging the broader economy.

  • The Treasury Secretary Takes on the Mortgage Meltdown Wednesday, 10 Oct 2007 | 2:47 PM ET
    Treasury Secretary, Henry Paulson

    I rushed into work this morning, after massive flight delays getting back from Michigan last night, because I was eager to hear what the Treasury Secretary and our nation's top mortgage lenders had accomplished in the struggle to save thousands of cash-strapped mortgage borrowers.