LIMA, Oct 6- The International Monetary Fund cut its global growth forecasts for a second time this year on Tuesday, citing weak commodity prices and a slowdown in China and warned that policies aimed at increasing demand were needed. Among major economies, the United States is expected to grow by 2.6 percent in 2015 and by 2.8 percent in 2016, the Eurozone is...» Read More
Marc Faber, editor and publisher of The Gloom, Boom & Doom Report, thinks the worst is yet to come for the global economy. Appearing on CNBC's "Squawk Box," the economist and managing director of Marc Faber Ltd., explained his bearish outlook -- and offered advice for how to play a glum market.
Australian producer prices rose faster than expected last quarter, led by higher food and construction costs, fueling concerns consumer inflation could accelerate enough to provoke another hike in interest rates.
World Bank President Robert Zoellick on Sunday won support from bank member countries for his strategy to lead the poverty-fighting institution for the next five years, including plans to give the private sector a bigger role in poor countries.
An unusually high degree of risk taking across asset classes made recent financial market turmoil all but inevitable, former Federal Reserve Chairman Alan Greenspan said Sunday.
Hedge fund legend Julian Robertson said he expects the U.S. economy is heading for a "doozy of a recession."
Tighter food regulations under consideration could benefit consumers and companies alike, as Congress looks to help the industry through a crisis in confidence driven by a spate of high-profile recalls.
Federal Reserve policymakers weigh a broad range of economic scenarios to determine the right moves on interest rates during times of uncertainty, Fed Chairman Ben Bernanke said Friday.
Federal Reserve policy maker Thomas Hoenig said on Wednesday he was open minded about the future direction of U.S. interest rates but was on alert for fallout from financial market woes.
Groundbreaking for new homes and permits for future building both hit a 14-year low last month, reviving worry about a deepening housing slump and fueling hopes for more interest-rate cuts.
Federal Reserve Chairman Ben Bernanke spooked investors by saying a full recovery in financial markets may not happen right away.
Foreign investors fled from U.S. assets in August as a meltdown in the U.S. subprime mortgage market triggered a global credit crunch, Treasury Department data showed on Tuesday.
Treasury Secretary Henry Paulson warned that the housing correction would continue to hurt the economy and financial markets and called for assistance for homeowners.
The text to a speech given by Federal Reserve Chairman Ben Bernanke on "The Recent Financial Turmoil and its Economic and Policy Consequences" on October 15, 2007 in New York City.
Consumer prices in the United Kingdom rose 1.8 percent in September compared with a year earlier, unchanged from the previous month, the government said Tuesday.
Verbal discipline is key for the smooth functioning of currency markets, European Central Bank President Jean-Claude Trichet tells CNBC Frankfurt correspondent Silvia Wadhwa in an exclusive interview, a veiled plea to European leaders to stand by the ECB.
The gap between America's richest and poorest is at its widest in at least 25 years, with the wealthiest taking home a record share of the nation's income that exceeds even the previous high in 2000.
While investors cheered Friday's relatively benign report on wholesale prices in September, consumers might not find much to be happy about.
U.S. consumer sentiment fell slightly in early October to its lowest in more than a year as uncertainty grew about the extent of the housing slump, a survey released Friday showed.
Euro-zone industrial production rose much more than expected in August, the European Union's statistics office said, raising hopes of continued strong growth despite a rising euro and the global credit crunch.