Economic Measures Inflation

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    A private measure of Australian inflation hit new highs in April as households paid more for health, fuel and rent, keeping upward pressure on interest rates just a day before a central bank policy meeting.

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    President Bush sought to assure Americans Saturday that federal checks en route to them as part of a stimulus plan will help spur the ailing economy and pay for soaring gas and food prices.

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    The dollar climbed to two-month peaks against the yen and a basket of currencies on Friday after a government report showed the U.S. economy shed just 20,000 jobs in April, fewer than economists had expected.

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    Fresh off its strongest month in nearly a year, the dollar looks set to extend its rally next week on signs the Fed is on hold after seven months of aggressive interest rate cuts.

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    Bankruptcy filings by U.S. consumers jumped 47.7 percent in April from one year ago as families cope with fallout from the subprime mortgage crisis, the American Bankruptcy Institute said.

  • Manufacturing Cars

    Fewer U.S. jobs were lost in April than economists feared and the unemployment rate  improved, raising hopes an economic downturn was not gathering steam.

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    New orders at U.S. factories jumped a much stronger than expected 1.4 percent in March, and durable goods orders for the month rose a revised 0.1 percent, a government report showed.

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    Australian retail sales rose more than expected in March, sending the local dollar higher, but much of the rise was due to consumers having to pay more for food and was not taken as a revival in consumption.

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    Investors are anticipating another gloomy reading on U.S. employment on Friday, though market reaction may be somewhat muted.

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    The dollar rose to fresh five-week highs against the euro Thursday after a survey showed a key U.S. manufacturing index for April came in slightly better than expected.

  • Bill Gross

    Europe's central banks should serve as an example to the Federal Reserve of how to manage an economy suffering through stagnation and liquidity issues, Pimco's Bill Gross told CNBC/Europe.

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    The number of workers applying for jobless benefits surged last week, but personal spending in March was stronger than expected, government data  showed.

  • Federal Reserve

    There are a lot of ways to describe what the Fed did today: it took the rate-cut punch bowl off the dining room table, but didn't pour out the punch. It took a baby-step towards neutral, not a grown-up step. That means it preserved the ability to cut if it needs to.

  • NYSE traders

    “The news on the economy is going to be pretty much unrelentingly bad in the next few months,” says one economist, who thinks the Fed may keep cutting after today.

  • The Federal Reserve headquarters in Washington, DC.

    The full statement released by the Federal Open Market Committee after its meetings held from April 29-30 on interest rate policy.

  • Ben Bernanke

    The Federal Reserve trimmed interest rates to 2% but  left markets guessing about whether further cuts would be needed.

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    Oil stocks are shooting up like geysers -- but which ones should you buy? Jason Gammel, senior oil analyst at Macquarie Capital, and Tina Vital, integrated oil & gas analyst at S&P, agree on two stocks -- for different reasons.

  • ATM

    The dollar reversed gains against the euro on Wednesday as traders concluded that the Federal Reserve's statement after its policy meeting left the door open for further interest rates cuts.

  • Traders at the NY Stock Exchange

    “The news on the economy is going to be pretty much unrelentingly bad in the next few months,” says one economist, who adds there’s good chance the Fed will keep cutting rates after Wednesday's meeting.

  • Futures trading higher first on a better than expected ADP report, then on a better than expected GDP report. The Street has been acting like the long commodities/short dollar trade is coming to an end; the wording of the Fed's statement will determine if that is really the case.