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Federal Budget (U.S.)

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  • Gross: Fed Will Hold Steady for Rest of Year Wednesday, 25 Jun 2008 | 3:20 PM ET

    The Federal Reserve will hold its key interest rate at 2 percent for the remainder of the year as the economy winds through the various challenges it faces, according to bond manager Bill Gross.

  • Durable Goods Orders Regain Their Footing Wednesday, 25 Jun 2008 | 9:50 AM ET

    New orders for long-lasting U.S. manufactured goods were unchanged in May after two consecutive months of decline.

  • If Oil Is Causing Inflation, What Can Fed Really Do? Wednesday, 25 Jun 2008 | 7:04 AM ET
    Federal Reserve Chairman Ben Bernanke.

    The Federal Reserve finds itself in an uncomfortable situation: Staring down the barrel of inflation with limited options on what it can do.

  • Job Losses Likely to Grow, Fueling Economic Gloom Monday, 23 Jun 2008 | 3:30 PM ET

    Unemployment, which has been relatively benign during the economic downturn, is expected to become a bigger problem.

  • Trump: Oil Companies 'Ripping Off This Country' Wednesday, 18 Jun 2008 | 7:56 AM ET
    Donald Trump

    Oil companies are fixing the price of oil and should suffer penalties, according to developer Donald Trump.

  • Telecommuting Picking Up As Gasoline Prices Soar Tuesday, 17 Jun 2008 | 8:05 AM ET
    Home office

    Companies and their employees are searching for new ways to deal with soaring gasoline prices that have risen to heights unimaginable only a few months ago.

  • A gauge of manufacturing in New York state contracted in June for the fourth time in five months, the New York Federal Reserve said in a report on Monday that also painted a mixed picture on inflation.

  • Americans could be celebrating the Fourth of July with $5-a-gallon gas, and the effects will ring out from sea to shining sea.

  • Gas Prices Soar, But Core Inflation Is Still Tame Friday, 13 Jun 2008 | 10:30 AM ET

    Soaring gasoline and energy prices helped drive up U.S. consumer prices during May by the fastest rate since November, a government report showed.

  • Consumer Prices Expected to Rise, with Fed Watching Friday, 13 Jun 2008 | 5:49 AM ET

    With Fed Chairman Ben Bernanke sounding alarms about inflation, the consumer price index is expected to have risen by 0.5 percent in May.

  • Inflation Forecasts Raised in US, Europe, UK Thursday, 12 Jun 2008 | 8:19 AM ET

    The inflation outlook for 2008 in the U.S., Japan, euro zone and the UK rose again in June, triggering big revisions to economists' interest rate forecasts, Reuters polls showed on Thursday.

  • Pimco's McCulley: Government Understating Inflation Wednesday, 11 Jun 2008 | 9:36 AM ET

    The standard of living has decreased for many Americans, a trend that will reverse only after the troubles in the housing market work through, Pimco Managing Director Paul McCulley said on CNBC.

  • Bernanke Inflation Warning Fans Worries of Rate Hike Tuesday, 10 Jun 2008 | 1:10 PM ET

    World stocks hit their lowest in almost two months, major government bonds tumbled and the dollar jumped after the Fed chief fired another warning on inflation.

  • Fed's Rosengren: Impact of Energy Costs Not Yet Seen Tuesday, 10 Jun 2008 | 8:26 AM ET

    Rising food and energy costs are still trickling through the economy, complicating the outlook for inflation, Boston Federal Reserve President Eric Rosengren said on Tuesday.

  • Doll: Fed Doesn't Want to Raise Rates Any Time Soon Tuesday, 10 Jun 2008 | 7:44 AM ET

    The worst of the credit crunch is over, but the Federal Reserve is likely to keep interest rates on hold for a long time despite a surge in oil prices, as the U.S. economy still has to prove it is stabilizing, money manager Bob Doll said on Tuesday.

  • Bernanke: Energy Prices Raise Inflation Risks Monday, 9 Jun 2008 | 8:15 PM ET
    Federal Reserve Bank Chairman Ben Bernanke

    Federal Reserve Chairman Ben Bernanke Monday sounded a warning over soaring energy costs and said the central bank would "strongly resist" any tendency for an inflationary psychology to take hold.

  • Henry Paulson

    Treasury Secretary Henry Paulson  declined to rule out intervening in currency markets to stabilize the dollar, but said strong economic fundamentals would "shine through."

  • Bush: Strong Dollar is in U.S. Interest Monday, 9 Jun 2008 | 8:13 AM ET

    President Bush said Monday a strong dollar was in the interest of the United States and the global economy, and that energy prices were high.

  • Friday's Jobs Report Likely To Show Loss of 58,000 Thursday, 5 Jun 2008 | 4:57 PM ET

    The U.S. economy likely shed jobs for the fifth straight month in May as flagging consumer confidence and the worst housing bust in generations discouraged hiring.

  • Jobless Claims Drop But Are Expected to Rise Again Thursday, 5 Jun 2008 | 9:45 AM ET

    The number of laid-off workers filing claims for unemployment benefits showed an unexpected improvement last week although a key indicator of unemployment hit a four-year high.