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  • Economy Shows New Signs Of Dreaded Stagflation Tuesday, 15 Jul 2008 | 8:40 AM ET

    Dismal data on inflation and retail sales released on Tuesday flashed fresh signs of stagflation in the U.S. economy.

  • UK Inflation Jumps to Series High 3.8% in June Tuesday, 15 Jul 2008 | 6:55 AM ET

    Soaring food and fuel prices pushed Britain's inflation rate to nearly double the central bank's 2 percent target in June, official data showed on Tuesday, boosting talk of interest rate hikes ahead.

  • Bernanke, Paulson to Testify on Financial Turmoil Tuesday, 15 Jul 2008 | 3:22 AM ET

    Discussion of persistent financial market turmoil is seen as likely to overshadow the Federal Reserve's semi-annual monetary policy outlook when Fed Chairman Ben Bernanke testifies before Congress on Tuesday.

  • BOJ keeps rates steady, warns of slower growth Tuesday, 15 Jul 2008 | 1:51 AM ET

    The Bank of Japan left interest rates on hold at 0.5% on Tuesday as expected but downgraded its growth forecasts, warning high energy costs are slowing the world's second largest economy.

  • RBA Says Monetary Policy Is Cooling Demand Monday, 14 Jul 2008 | 10:04 PM ET

    Australia's central bank was growing more confident that interest rates were high enough to  retrain future inflation when it left rates unchanged at a 12-year high earlier this month, minutes of its July meeting showed on Tuesday.

  • Market Insider: Tuesday Look Ahead Monday, 14 Jul 2008 | 8:56 PM ET

    Fed Chairman Ben Bernanke's testimony before a Senate committee takes on even greater importance for Tuesday's markets, now that the Fed and Treasury have promised to backstop mortgage giants Fannie Mae and Freddie Mac.

  • UK Housing Sentiment Improves in June: RICS Monday, 14 Jul 2008 | 7:03 PM ET

    The outlook for UK housing improved slightly in June, but a sharp downturn in the economy could see the foundations of the British real-estate market start to crumble, the Royal Institute of Chartered Surveyors said Tuesday.

  • Soros: Fannie, Freddie Crisis Is Not The Last Monday, 14 Jul 2008 | 3:20 PM ET

    Billionaire investor George Soros said Monday the crisis over major US mortgage financiers Fannie Mae and Freddie Mac will not be the last, and that the deepening credit crisis is a "serious one" that will impact an already slowing US economy.

  • So Fannie and Freddie come back from the brink, Indy goes under, warnings of more bank failures hit the newswires, and homeowners are of course left to wonder, how does all this affect my ability to get a loan today and at what rate?

  • Market Insider: The Week Ahead Friday, 11 Jul 2008 | 7:43 PM ET

    Analysts say hurdles for the stock market in the coming week include continued uncertainty about financial sector—specifically mortgage giants Fannie Mae and Freddie Mac—as well as the unrelenting pressure of rising oil prices.

  • This week's problems at Fannie Mae and Freddie Mac are more evidence of a painful fact for the economy: the extent to which mortgage-related debt is exacerbating the current slide, and how it will prolong what more and more analysts are calling a recession.

  • Indexes Eke Out Gains After Wild Session Thursday, 10 Jul 2008 | 4:57 PM ET

    The Dow chart looked like a yo-yo Thursday as traders pounded financials including Freddie Mac and Lehman Brothers and oil prices surged more than $5 a barrel. Still, all three major indexes eked out gains by the closing bell.

  • Fed's Yellen: Inflation a Worry, Growth to Pick Up Thursday, 10 Jul 2008 | 4:36 PM ET
    Janet L. Yellen

    San Francisco Federal Reserve Bank President Janet Yellen said on Thursday that Fed interest rate policy is near a "crossroads," with inflation on the rise and the economy poised to pick up in 2009.

  • Stocks Reel as Oil Surges, Financials Get Hit Thursday, 10 Jul 2008 | 3:37 PM ET

    The Dow chart looked like a yo-yo Thursday as traders pounded financials including Freddie Mac and Lehman Brothers, overshadowing any positive news the market had to offer.

  • Stocks Flail as Freddie, Lehman Get Pummeled Thursday, 10 Jul 2008 | 2:44 PM ET

    Stocks flipped and somersaulted Thursday as investors juggled worries about capital constraints at Fannie Mae and Freddie Mac with a drop in jobless claims, merger activity and encouraging retail sales.

  • Stocks Swing Wildly; Financials Get Slammed Thursday, 10 Jul 2008 | 11:26 AM ET

    Stocks flipped and somersaulted Thursday as investors juggled worries about capital constraints at Fannie Mae and Freddie Mac with a drop in jobless claims, merger activity and encouraging retail sales.

  • US Heads for Recession, but Europe Fares Better: Fitch Thursday, 10 Jul 2008 | 10:24 AM ET

    The United States is heading for recession despite modest growth in the first half of the year, but strength in Germany is keeping European growth prospects a bit brighter, Fitch Ratings said on Thursday.

  • Initial Jobless Claims Show Surprising Drop Thursday, 10 Jul 2008 | 10:04 AM ET

    The number of U.S. workers filing new claims for jobless benefits dropped by a much bigger-than-expected 58,000 last week to 346,000.

  • Bank of England Keeps Rates on Hold Thursday, 10 Jul 2008 | 7:48 AM ET

    The Bank of England kept its main interest rate steady at 5 percent on Thursday, as widely expected, despite rising inflation.

  • Bank of Korea Holds Rates, Keeps FX Markets on Edge Wednesday, 9 Jul 2008 | 10:51 PM ET
    Korea, Korean Flag

    South Korea's central bank kept rates on hold on Thursday as expected, with its battle against inflation now playing out in the currency market where the won jumped as much 1 percent on dollar-selling fears.