Citing lower-than-expected corporate taxes, the CBO projected a slight increase over previous budget deficit estimations.» Read More
We're facing increased inputs, but it's a good time to be a farmer, said Larkin Martin, chairman of the board for the Federal Reserve Bank of Atlanta, and also a seven generation farmer.
The U.S. economy may yet slip into recession, but inflation is an even bigger risk given the "exceptionally'' stimulative stance of monetary policy, Richmond Federal Reserve President Jeffrey Lacker said Tuesday.
Oil inflicts heavy economic pain on the way up, but a slower and smaller benefit on the way down.
Economists have soured on the U.S. economy's prospects for the second half of 2008 and have cut growth forecasts for next year as well, a closely watched survey released Monday showed.
Just the potential for a U.S. recovery will bring "enormous" amounts of under-invested cash back into the stock market, the head of an investment group said.
The number of newly laid off people signing up for jobless benefits last week climbed to its highest point in more than six years as companies cut back given the faltering economy.
What you think of today’s statement by the Federal Reserve depends a lot on what you thought before the announcement. Those who believed the Fed was on course to tighten in the fall see the statement as dovish; those who thought that was unlikely see the statement as either neutral or even hawkish. I’m in the camp who believes this statement was neutral as to the outlook for policy changes.
The recent pullback in commodity prices—particularly oil—may moderate inflation in the coming months, providing some relief for consumers, stocks and the Fed.
Below is the statement released by the Federal Open Market Committee after its Aug. 5 meeting on interest rate policy:
The Fed held U.S. interest rates steady, expressing concerns about both economic growth and inflation and indicating it is in no rush to push borrowing costs higher.
Wall Street widely expects the Fed to keep interest rates unchanged Tuesday as the central bank grapples with a faltering economy, shaky financial system and higher prices.
Warren Buffett will participate in a live Omaha "town hall" event to be seen in hundreds of movie theaters across the nation, following the screening of a documentary movie that argues the U.S. is going broke.
The specter of stagflation will likely keep the U.S. Federal Reserve, the European Central Bank, and the Bank of England from changing short term interest rates this week, and their hands may be tied for some time as economic growth slows but inflation remains high.
The main event this week is the Fed meeting on Tuesday and investors will tune in to see if Bernanke & Co. offer any insight on inflation. Plus, more earnings, including Cisco, P&G and AIG.
The US economy, desperately looking to stave off a recession, might find salvation in an unlikely place: volatile oil prices.
A pickup in U.S. growth during the second quarter showed that the economy was resilient and that an emergency stimulus package was working, a senior White House adviser said on Thursday.
An emergency dose of government stimulus helped the U.S. economy grow at a 1.9 percent annual rate in the second quarter, a soft pace but enough to take it off a path perilously close to recession.
The US economy probably grew modestly in the second quarter, but analysts believe Thursday's GDP report will mainly reflect the help from stimulus checks.
A senior Bush administration official says the budget deficit for this year will set a record in dollar terms, approaching $490 billion.
Inflation is a concern in the United States and headwinds to economic growth may be picking up, Minneapolis Fed President Gary Stern said in a newspaper interview published on Monday.