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Federal Budget (U.S.)

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  • Will the Fed Give Investors A Trick or a Treat? Wednesday, 31 Oct 2007 | 1:17 PM ET

    The Federal Reserve is still expected to lower benchmark borrowing costs later today despite unexpected signs of strength in the economy.

  • As Fed Meets, Markets Still Count On Interest-Rate Cut Tuesday, 30 Oct 2007 | 4:46 PM ET

    Fed policy-makers began meeting as financial markets continued to bet that the central bank will cut interest rates to shore up the faltering housing and credit markets.

  • Dollar Drops to Another Record Low Ahead of Fed Tuesday, 30 Oct 2007 | 4:00 PM ET
    Exchanging Dollars and Euros

    The dollar fell to a record low against the euro for the third consecutive session on Tuesday, a day ahead of the outcome of a Federal Reserve meeting at which an interest rate cut is expected.

  • U.S. Is Committed to Strong Dollar: Paulson Tuesday, 30 Oct 2007 | 6:45 AM ET

    The United States is strongly committed to a strong U.S. dollar and financial markets there are recovering from the subprime loan crisis even if the housing market has yet to touch bottom, U.S. Treasury Secretary Henry Paulson said on Tuesday.

  • Fed Expected to Cut Rates To Head Off Recession Tuesday, 30 Oct 2007 | 5:07 AM ET
    Ben Bernanke

    The Federal Reserve is expected to lower interest rates again this week as insurance against the threat that declining home prices and higher borrowing costs will push the economy into recession.

  • Fed Rate Cut Not Sure Thing: WSJ Tuesday, 30 Oct 2007 | 5:01 AM ET

    A Federal Reserve interest rate cut this week is no sure thing and officials are not seriously considering a half-point reduction in overnight rates, the Wall Street Journal reported on Tuesday without citing sources.

  • Dollar Sinks to New Lows on Fed Rate Cut Hopes Monday, 29 Oct 2007 | 2:18 PM ET
    Exchanging Dollars and Euros

    The dollar sank to another record against the euro on Monday, trading at as much as $1.44 against the 13-nation currency for the first time, as markets anticipated a likely interest rate cut by the U.S. Federal Reserve this week.

  • Dollar Falls to Fresh Low Ahead of Fed Meeting Friday, 26 Oct 2007 | 4:49 PM ET
    Dollar and Euro

    The dollar slipped to record lows against the euro and a basket of currencies Friday as investors, faced with a run of weak U.S. economic data, anticipate a Federal Reserve interest rate cut next week.

  • Fed's Evans Says US Economy Is "Moving Forward" Monday, 22 Oct 2007 | 8:22 PM ET

    Chicago Federal Reserve Bank President Charles Evans said on Monday that outside of housing the U.S. economy is "moving forward," and that the Fed could not afford to go soft on inflation.

  • Gloom & Doom Economist Says Worst Is Yet to Come Monday, 22 Oct 2007 | 2:51 PM ET

    Marc Faber, editor and publisher of The Gloom, Boom & Doom Report, thinks the worst is yet to come for the global economy. Appearing on CNBC's "Squawk Box," the economist and managing director of Marc Faber Ltd., explained his bearish outlook -- and offered advice for how to play a glum market.

  • Dollar Rallies from Session Lows, Yen Gains Monday, 22 Oct 2007 | 11:23 AM ET

    The dollar rebounded from a fresh low on Monday after as traders pared back bets against the currency after the weekend's Group of Seven meeting yielded no call to action on the falling greenback.

  • Dollar Sinks Further on Economic Worries Friday, 19 Oct 2007 | 5:52 PM ET

    The dollar hit a fresh record low against the euro and a basket of currencies on Friday, pressured by the growing view that a slowdown in the U.S. economy will force another cut in interest rates this month.

  • Bernanke: Uncertainty 'Pervasive' for Fed Policymakers Friday, 19 Oct 2007 | 10:43 AM ET

    Federal Reserve policymakers weigh a broad range of economic scenarios to determine the right moves on interest rates during times of uncertainty, Fed Chairman Ben Bernanke said Friday.

  • Fed's Hoenig Says 'Wait and See' on Interest Rates Thursday, 18 Oct 2007 | 12:27 PM ET

    Federal Reserve policy maker Thomas Hoenig said on Wednesday he was open minded about the future direction of U.S. interest rates but was on alert for fallout from financial market woes.

  • Dollar Drops to New Low vs. Euro, Yen, Pound Thursday, 18 Oct 2007 | 11:50 AM ET

    The dollar dropped to a record low against a basket of currencies and the euro Thursday, after Bank of America's third-quarter earnings results missed estimates, renewing concerns of a U.S. economic slowdown.

  • Dollar Slips vs. Yen, Euro on Glum Housing Starts Wednesday, 17 Oct 2007 | 3:18 PM ET

    The dollar fell broadly Wednesday after a report showed housing starts dropped to their lowest level in 14 years in September, adding to concerns that the housing market may drag on the US economy.

  • Beige Book: Full Text Wednesday, 17 Oct 2007 | 2:23 PM ET

    The summary of the Beige Book released by the Federal Reserve prepared at the Federal Reserve Bank of Dallas and based on information collected on or before October 5, 2007.

  • Dollar Gains Against Euro, Other Currencies Tuesday, 16 Oct 2007 | 2:40 PM ET

    The dollar rose against the euro and high-yielding currencies such as the New Zealand dollar Tuesday, as investors grew cautious of risky trades amid a sell-off in global equities and a surge in oil prices.

  • Bernanke Spooks Investors With Market Outlook Tuesday, 16 Oct 2007 | 1:51 PM ET
    Ben Bernanke, President Bush's top economic adviser, speaks in the Oval Office at the White House after Bush named him to take over the Federal Reserve from retiring Alan Greenspan, in Washington, Monday, Oct. 24, 2005. It was the third time in as many years the president has turned to the 51-year-old Bernanke for a sensitive post. Bush named him to the Fed board in 2002, then made him chairman of the president's Council of Economic Advisers earlier this year. (AP Photo/J. Scott Applewhite)

    Federal Reserve Chairman Ben Bernanke spooked investors by saying a full recovery in financial markets may not happen right away.