The Federal Reserve trimmed interest rates to 2% but left markets guessing about whether further cuts would be needed.
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.
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.
“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.
Euro zone inflation slowed more than expected in April, an early estimate showed, but economic sentiment also deteriorated faster than forecast, pointing to slowing economic growth.
Japan's industrial production fell far more than expected in March, pushing up Japanese bond prices and stoking worries that U.S. economic woes are hitting Japanese companies.
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Yum!'s Taco Bell -- and its Pizza Hut and KFC franchises -- is a hit overseas. The success is helping the company weather rising food costs.
Depending on how much of the economic stimulus check is promptly spent -- and on what -- it could mean the difference between the U.S. economy eking out marginal growth in the coming months or slipping into a deep recession.
The dollar rose to its highest against the euro in nearly a month Tuesday as expectations grew that the Federal Reserve will soon signal the end of its easing campaign, with weak European data denting interest rate sentiment in the region.
As the U.S. Treasury races to get rebate checks to households, higher gasoline prices are blunting the economic impact of the $152 billion stimulus package.
The Federal Reserve looks set to deliver a small interest rate cut on Wednesday, though the central bank could signal that this is the last in a cycle.
The U.S. dollar may lurch higher on Wednesday if the Federal Reserve signals an end to its campaign of slashing interest rates, but a rally would soon fizzle if April's jobs report comes in well below forecasts.
The dollar's rally stalled on Monday as investors bought euros to square up positions ahead of a key policy meeting by the U.S. central bank later this week.
The US economy indeed has entered into a recession, even if the traditional indicators aren't showing it yet, billionaire investment guru Warren Buffett said.
China should keep the yuan fairly stable to anchor expectations about the currency's rate of climb, a prominent economist said in remarks published on Monday, adding to a growing tide of calls for it to rise more slowly.
Japanese retail sales rose 1.1 percent in March from a year earlier, government data showed on Monday, matching economists' median forecast.
The stock market will likely start the week on a hesitant note with Wall Street facing the first Federal Reserve interest-rate decision in many months not knowing that a cut is likely guaranteed.
If the U.S. Federal Reserve wants to restrain oil and food prices and help downtrodden consumers, the best thing it can do is stop cutting interest rates.