NEW YORK, Feb 12- While recently tighter U.S. financial conditions will factor into the Federal Reserve's upcoming policy decisions, it is "extraordinarily premature" to even talk about using negative interest rates to stimulate the economy, a top Fed official said on Friday. "To me, that's not something that should be part of the conversation right now," New York Fed...» Read More
The dollar slipped against the euro and edged up against the yen Monday as investors waited to see how major central banks at policy meetings this week will respond to a potential global economic slowdown.
New orders at U.S. factories rose a less-than-expected 2.3 percent in December, the steepestgain since July, on strong aircraft sales, a government report showed.
The labor market may be weak, but that doesn't necessarily mean the US economy is in recession or on the verge of one.
Australia's inflation headache worsened in January while house prices boasted double-digit gains in 2007, figures out on Monday showed, adding to expectations for a restraining rise in interest rates this week.
The dollar rose against the euro and sterling Friday after a report showed a gauge of U.S. manufacturing in January was higher than expected, helping the U.S. currency recover after soft labor market data earlier in the session.
The U.S. manufacturing sector staged a surprise recovery, while consumer sentiment improved in January, but construction spending in the U.S. fell for the third month in a row, reflecting continued weakness in the housing sector.
U.S. employers unexpectedly cut 17,000 non-farm jobs in January, the first time in nearly 4-1/2 years that U.S. payrolls shrank.
After falling for years, prices of Chinese goods sold in the United States have been rising.
The first nonfarm payroll report of the year could bring some relief to the market if payrolls rise as expected. But seasonal factors bringing more volatility than usual make the report particularly hard to handicap.
The dollar edged higher against the euro Thursday, as dealers cut bets against the U.S. currency a day ahead of the U.S. jobs report for January that may shed light on how close the economy is to recession.
Consumers spent less in December than at any time in the past 15 months while applications for unemployment benefits soared last week, two more signs the economy is weakening.
Euro zone inflation hit an all-time high in January and economic sentiment plunged to two-year lows, data showed on Thursday, underlining the European Central Bank's monetary policy dilemma.
Starbucks posted 2 percent higher profit, barely beating estimates, as the coffee seller scrambles to revivify its once-rapid growth and grapples with weaker U.S. consumer spending and rising food prices.
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The Fed cut interest rates another half point, but economists are divided about whether its policy statement will successfully manage market expectations.
A stock rally fueled by the Fed's latest interest rate cut lost momentum in the final hour after CNBC reported that two big bond insurers could be downgraded as early as today.
The dollar fell sharply against the euro on Wednesday after the Federal Reserve slashed benchmark interest rates by 50 basis points and said downside risks remain for growth.
The statement released by the Federal Open Market Committee after its January 29-30 meeting on interest rate policy.
The Federal Reserve cut its key interest rate another half point, as expected, and sparked a stock market rally by signaling that further rate cuts are possible.
The Fed is expected to lower U.S. interest rates another half-point Wednesday as part of an ongoing effort to bolster the economy.