US Federal Reserve Chairman Ben Bernanke said congressional proposals to audit the Fed and strip it of regulatory powers as part of post-crisis reforms could damage prospects for economic and financial health.
Japanese core consumer prices fell in the year to October with increasing signs that weak demand is weighing on prices amid weak household incomes, while a tumbling dollar added to price pressures.
China's ballooning stock market bubble, fuelled by excessive liquidity, is likely to burst in the first half of 2010, punctured by economic concerns arising from higher-than-expected inflation, Morgan Stanley Asia Executive Director Jerry Lou said on Thursday.
There will be a short-term pullback after Thanksgiving in stock markets and there is a 50 percent chance that the US economy will double-dip, according to Paul Schatz, president of Heritage Capital.
Fresh economic reports painted a picture of a gradual economic recovery as consumer spending rose and durable orders unexpectedly fell. The employment picture strengthened as jobless claims tumbled more than expected.
Federal Reserve officials are increasingly confident in a durable recovery for the U.S. economy, even though they do not see employment picking up soon, according to minutes from their November meeting released Tuesday.
A three-way split among Britain's monetary policymakers at their last meeting should be no surprise as policy nears a turning point, Bank of England Governor Mervyn King said on Tuesday.
President Barack Obama assured Americans that boosting jobs was a top priority, but gave no specifics about how to meet this goal that some economists say warrants more government spending.
The tiniest U.S. small businesses, which led the broader economy into the past two recessions and are widely regarded as the best hope for job creation in any recovery, are showing signs of improved confidence and financial health, according to a new study.
The global economy is in a holding pattern and vulnerable to more upheaval, the head of the IMF said on Monday, adding a lasting recovery will depend on policymakers taking the proper steps in the coming months.
The Consumer Price Index, a measure of the average price level of a basket of consumer goods and services, was up 0.3% for the month of October, while the core CPI rate, excluding energy and food, rose 0.2%.... Read More
In citing three conditions, the Federal Reserve has provided a roadmap by which market participants can gauge with greater precision the evolution of monetary policy, in particular the exit strategy for the Fed’s current stance, says bond expert Tony Crescenzi.... Read More