CNBC's Tyler Mathisen looks back at the week's top business and financial stories. It was a tough week on Wall Street, as the rising dollar hurt sales abroad. Apple had a blowout quarter, and economic growth slowed. Still, the Fed says it will remain patient.» Read More
European stocks ended largely flat Wednesday, having pulled back from earlier losses, as negative U.S. economic data was counterbalanced by news that investment caps for two U.S. mortgage financiers would be lifted.
Applications for U.S. home mortgages plunged to their lowest level this year, as rising long-term interest rates curbed incentives to refinance, an industry group's data showed on Wednesday.
New orders for long-lasting US-made manufactured goods fell by 5.3 percent in January, the biggest drop in five months and more than analysts expected.
How serious is the risk of inflation? It depends on which Fed governor you ask.
The text of Federal Reserve Chairman Ben Bernanke's testimony to the House Financial Services Committee on Febuary 27, 2008.
Fannie Mae, the largest provider of financing for U.S. home loans, on Wednesday reported a $3.6 billion quarterly loss as the housing slump deepened, sending its shares to a 12-year low.
Housing's in the tank, banks are scared to lend, but oil is at $100 a barrel and inflation is threatening to pick up -- what's a central banker to do?
A top Federal Reserve official said Tuesday that the danger the U.S. economy will weaken further is a bigger worry than higher inflation.
The full text of a prepared speech by Federal Reserve Vice Chairman Donald L. Kohn on The U.S. Economy and Monetary Policy given on February 26, 2008.
The collapse in U.S. home prices accelerated to a record pace in the fourth quarter of 2007, with prices plunging 8.9 percent last year, according to a national home price index released on Tuesday.
Inflation at the wholesale level jumped 1 percent in January on rising energy costs and posted the biggest 12-month gain in more than 26 years.
U.S. government bonds hold little appeal with inflation making a strong comeback, the manager of the world's largest bond fund said on Tuesday.
Weak consumer spending dragged down German growth in the final quarter of 2007 as inflation surged to a 14-year high, official data showed on Tuesday.
Today, the Realtors tried to argue that the housing market is “scratching the bottom,” or at least that’s what their chief economist Lawrence Yun said. Sorry Lawrence, as usual, I don’t buy it. Sure, sales were basically flat in January, down just 0.4 percent from December (although down 23.4 percent from a year ago), but far more telling of the market is the price...
The U.S. economy will likely avoid a recession but growth will slow to a crawl during the first half of this year, a panel of business economists forecast Monday.
Sales of existing homes fell to the lowest level in nearly a decade in January while the median price for a home dropped for the fifth straight month.
The distressed U.S. housing market should get a lift this spring as bargain prices lure prospective buyers, but tighter lending will limit any rebound.
U.S. economic growth has stalled and recovery may take longer than usual, former U.S. Federal Reserve chairman Alan Greenspan said on Monday.
Dallas Federal Reserve President Richard Fisher said on Friday that it will take some time for interest-rate cuts the Federal Reserve has made since last September to kick in and boost the economy.
The Federal Reserve's aggressive interest-rate cuts have failed to push mortgage rates lower and thus have done little to help the battered U.S. housing market, said Bill Gross, chief investment officer at Pimco, the world's largest bond fund.