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
Though there’s been much debate over how much the Fed should cut rates, the central bank's statement may be more important to the Fed’s credibility and market expectations.
Inflation worries continue. If the comments from companies during the last three days is any indication, Americans will be spending significantly more for food in the near future, due to significantly higher costs for corn, soybeans, sugar, and cocoa.
U.S. economic growth skidded to a five-year low of 0.6% in the fourth quarter, reflecting the toll a slumping housing sector has taken on the national economy.
Bank of England Governor Mervyn King won a second term as head of Britain's central bank, the Treasury said on Wednesday, ending months of speculation that he was out of favour because of the run on Northern Rock bank.
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Critics of many stripes think Bernanke is doing a poor job, whether it is lowering interest rates for the wrong reasons or keeping them too high for too long.
The dollar edged up against the euro and yen Tuesday after a mixed bag of U.S. economic data led dealers to trim their bets against the currency ahead of Wednesday's policy decision by the Federal Reserve.
U.S. individuals and businesses are likely to see their borrowing costs drop further as the Federal Reserve weighs another interest-rate reduction to bolster a sagging economy.
Recession. Bear market. Credit crunch. Is it better to stay out of the stock market or use the recent selloff as a buying opportunity?
Talk may be cheap, but the endless chatter about a looming recession may wind up being very costly to the US economy.
The dollar rose Friday as investors scaled back bets for another aggressive Federal Reserve interest rate cut next week and on optimism a $150 billion stimulus package would help support the U.S. economy.
Bank of Japan Governor Toshihiko Fukui pledged on Friday to keep monetary conditions loose, reinforcing market expectations that rates will stay low, even as government data showed inflation at its highest in a decade.
South Korea's economy grew more than expected in the fourth quarter as capital investment picked up, data showed on Friday, but fears of a slowdown were mounting due to deepening troubles in the U.S. economy.
Ok, now we've got that emergency rate cut from the Fed AND the full 75 bp the markets wanted...
Keeping food and energy prices under control while presiding over a growing economy will be a key task for any government that emerges from the February elections, Finance Minister Salman Shah tells CNBC.com.
Weekly jobless claims for the second week appeared to defy the conclusion that conditions in the labor market are pointing to a recession.
President Bush on Friday called for about $145 billion worth of tax relief and other incentives to stimulate a sagging economy and fend off a possible recession.
The dollar fell against the euro on Thursday as strong German business confidence data andtough inflation comments by a European Central Bank policy-maker dashed hopes for a near-term interest rate cut in the euro zone.
Forget a half-point cut. Wall Street is now speculating that the Fed will lower rates another three-quarters of a point next week.
ECB President Trichet appears to shun an interest rate cut in favor of fighting inflation, contributing to another round of selling in global stock markets.