Despite all the talk about the U.S. economy falling on hard times this year, the economy grew at a more solid pace during the second quarter.
The Federal Reserve expressed concern about both greater inflation risks and a slowdown in the economy that could extend into next year, according to minutes of its most recent meeting.
A survey of top economists shows that many are growing more concerned about inflation and slightly less worried about mortgage and credit market problems.
Federal Reserve Chairman Ben Bernanke said Friday the financial crisis that has pounded the country poses a major challenge to policymakers as they try to restore stability
Federal Reserve Chairman Ben Bernanke said Friday that the problems in the nation's financial markets persist and still threaten the economy.
The market's up one day and down the next. Oil rises and oil falls. The dollar strengthens and then it weakens.
Wholesale inflation soared in July, leaving U.S. prices rising at the fastest pace in nearly three decades. While recent declines in oil and other commodity prices raise hopes inflation may have peaked, some economists worry about the widespread nature of the July price surge and caution it will take more time for that pressure to ease on Wall Street and Main Street.
Two key reports in the past week show that inflation was running high in July. But August is offering relief.
Whether or not the government is actually on the verge of taking over mortgage finance companies Fannie Mae and Freddie Mac, investor fears that a bailout is imminent could turn such a worst-case scenario into reality
The dollar rebound continued Friday, as the greenback climbed to a nearly 2-year high against the pound and extended its gains against the euro, amid troubling signs about the global economy.
Despite all the talk about the U.S. economy falling on hard times this year, the economy grew at a more solid pace during the second quarter.
The Federal Reserve expressed concern about both greater inflation risks and a slowdown in the economy that could extend into next year, according to minutes of its most recent meeting.
A survey of top economists shows that many are growing more concerned about inflation and slightly less worried about mortgage and credit market problems.
Federal Reserve Chairman Ben Bernanke said Friday the financial crisis that has pounded the country poses a major challenge to policymakers as they try to restore stability
Federal Reserve Chairman Ben Bernanke said Friday that the problems in the nation's financial markets persist and still threaten the economy.
The market's up one day and down the next. Oil rises and oil falls. The dollar strengthens and then it weakens.
Wholesale inflation soared in July, leaving U.S. prices rising at the fastest pace in nearly three decades. While recent declines in oil and other commodity prices raise hopes inflation may have peaked, some economists worry about the widespread nature of the July price surge and caution it will take more time for that pressure to ease on Wall Street and Main Street.
Two key reports in the past week show that inflation was running high in July. But August is offering relief.
Whether or not the government is actually on the verge of taking over mortgage finance companies Fannie Mae and Freddie Mac, investor fears that a bailout is imminent could turn such a worst-case scenario into reality
The dollar rebound continued Friday, as the greenback climbed to a nearly 2-year high against the pound and extended its gains against the euro, amid troubling signs about the global economy.
Banks borrowed slightly more over the past week from the Federal Reserve's emergency lending program, while Wall Street firms did not draw any loans for a second straight week.
With the price of practically everything jumping, you probably wouldn't mind getting a bigger paycheck.
The dollar has sprung off its deathbed, but a swift return to ruddy good health looks like a long shot.
The U.S. Federal Reserve has auctioned another $25 billion in loans to U.S. banks and given them more time to pay the money back in an effort to combat a serious credit squeeze.
The Federal Reserve has auctioned another $25 billion in loans to the nation's banks and given them more time to pay the money back in an effort to combat a serious credit squeeze.
The Federal Reserve has auctioned another $25 billion in loans to the nation's banks and given them more time to pay the money back in an effort to combat a serious credit squeeze
More banks are tightening lending standards on home mortgages and other consumer and business loans as a deepening credit crisis exerts a heavier toll on the economy.
The dollar surged to a five-month high against the euro Friday after European economic reports compounded worries that the 15-nation euro economy is in a tailspin.
Make no mistake: The worst probably is not over for financial firms. Not by a long shot.
Forget oil and gold. Credit might be the commodity that's in the scarcest supply these days.
The number of newly laid off people signing up for jobless benefits last week climbed to its highest point in more than six years as companies cut back given the faltering economy.
As election day draws nearer, the economy is becoming the defining issue for more Americans as they size up the candidates, a poll released Wednesday shows.
The dollar climbed to eight-week highs against the euro and seven-month highs agains the yen as fears of a global slowdown helped the dollar continue its rally
Treasury prices fell again Wednesday, as billions of dollars of new government debt was auctioned off in the afternoon.
The Federal Reserve sent a strong signal to the markets on Tuesday that it would not be raising rates anytime soon, and you'd think that would spell disaster for the dollar.
The sound of air hissing out of the commodities bubble is music to Ben Bernanke's ears.
The dollar hit a seven-month high against the yen Wednesday and gained against the euro after the Federal Reserve eased some concerns about the U.S. economy.
For a second straight meeting, the Federal Reserve has decided to remain on the sidelines and leave interest rates alone. In the opinion of many economists, that stance may prevail not only for the rest of this year but well into 2009
The Federal Reserve's proposed rules for credit card lenders could lead the banking industry to lose at least $10.6 billion in interest annually, JPMorgan Chase & Co. said in a letter to regulators, citing a study.
Stocks surged to one of the year's biggest gains Tuesday, as oil prices fell sharply and investors appeared to take solace in the Federal Reserve's assessment of the nation's economy.
Treasury prices dipped on Tuesday after the Federal Reserve announced its decision to hold the key federal funds rate steady at 2%, a move that most traders were expecting.
The dollar remained at its highest level in nearly seven weeks against the 15-country euro Tuesday after the Federal Reserve's decision to hold a key interest rate at 2%, although the U.S. currency edged off its highs.
The Federal Reserve left a key short-term interest rate unchanged Tuesday and cited both the risk of a slowing economy and inflation pressures, a sign that the central bank may keep rates steady for the next few months.
Oil prices fell to near $119 a barrel Tuesday - the lowest settle price in more than three months - after the Federal Reserve held its key interest rate at 2%.
The following statement was posted on the Federal Reserve Web site on August 5, 2008.
An already rallying Wall Street extended its advance Tuesday after the Federal Reserve left interest rates unchanged and assuaged some of the market's fears about the economy
The Federal Reserve, caught between mounting job losses and rising inflation, is likely to sit tight and hope that the interest rate cuts it has already provided will be enough to heal a sick economy
Elizabeth "Betsy" Duke, the newest addition to the Federal Reserve's chief policymaking group, is a lifelong commercial banker who many Fed watchers hope can balance out a board riven by inflation pressures, a weakened Wall Street, and a slowing economy.
The euro was lower against the dollar Tuesday before a meeting of the Federal Reserve Bank that was likely to leave interest rates unchanged amid slowing consumer spending in the United States.
The dollar fell against the euro Monday as investors digested news of a large drop in profits at British bank HSBC.
Stocks closed lower Monday, the third consecutive day of declines, as falling oil prices could not completely overcome concerns about the health of the nation's economy.
Unless the Federal Reserve wants to completely freak out Wall Street, the central bank is not going to raise or cut interest rates Tuesday. The market is prepared for no change.
Federal Reserve Chairman Ben Bernanke talked about the risks posed by both further economic weakness as well as inflation in testimony to Congress last month.
The dollar was mixed Wednesday after the U.S. Federal Reserve and European central banks said they would extend more credit to banks still roiled by financial market turmoil.
The Federal Reserve said Wednesday it is extending its emergency borrowing program to Wall Street firms and is taking other steps to ease a severe credit crunch that has hobbled the national economy
The Federal Reserve said Wednesday it is extending its emergency borrowing program to Wall Street firms and is taking other steps to ease a severe credit crunch that has hobbled the national economy.
President Bush's budget chief blamed the faltering economy and the bipartisan stimulus package for the record $482 billion deficit the White House predicted for the 2009 budget year.
The good news: The economy is not as bad as it was in the early 1980s, when unemployment hit 10% and the inflation rate touched the double digits. The bad news: A lot of small business owners think it is.
Mortgage brokers and loan officers are getting paid fat fees by lenders to put unsuspecting borrowers into expensive loans. And the new lending rules issued last week by the Federal Reserve do nothing to stop this abusive practice.
Treasury prices fell Wednesday as legislation aimed at rescuing the ailing housing market neared approval, giving bondholders a reason to venture back into more risky investments.
Oil prices continued to decline Wednesday, after a government report showed stronger-than-expected inventories and a Federal Reserve report showed a weakening economy.
U.S. stocks staged a late-day rally Tuesday, with the Dow closing up 135 points, as falling oil prices overshadowed grim quarterly financial reports.
There are two things you may have heard about the Federal Reserve Board, both of which are wrong.
Treasury prices fell Tuesday as the president of the Philadelphia Federal Reserve said inflation needs to be corrected "sooner rather than later."
Ever find yourself going off on the customer service representative after a particularly steep credit card fee or unexpected rate increase? Well now is your chance to tell those who could ultimately change credit card laws in the United States.
Treasury prices eased Monday as stocks opened higher, lifted by stronger-than-expected earnings from Bank of America, and as the dollar lost ground to the euro.
Some Federal Reserve policymakers said late last month that they believed interest rate hikes would be needed "very soon" to combat inflation, according to minutes of the Fed's last meeting.
Federal Reserve Chairman Ben Bernanke testifies for a second day before Congress amid a backdrop of fading confidence in the U.S. economy
Federal Reserve Chairman Ben Bernanke told Congress Wednesday that troubled mortgage giants Fannie Mae and Freddie Mac are in "no danger of failing"
Record gas and higher food prices drove inflation to the biggest annual jump since 1991 and fanned fears about growing pressures on consumers.
The housing finance crisis and spiraling energy costs will remain a drag on the U.S. economy for the rest of the year, Federal Reserve Chairman Ben Bernanke told lawmakers in a gloomy presentation about the economic outlook.
This is one of those days you probably wished you stayed in bed.
Short-term bond prices rallied Tuesday, but long-term bonds fell after Federal Reserve Chairman Ben Bernanke gave a grim economic outlook.
Federal Reserve Chairman Ben Bernanke told Congress Tuesday the fragile economy is facing "numerous difficulties" despite the Fed's aggressive interest rate reductions
The Federal Reserve unanimously approved new mortgage lending rules Monday in a crackdown on shady practices - particularly those involving subprime loans made to borrowers with weak credit.
The federal government's plan to rescue Fannie Mae and Freddie Mac won support from some experts and politicians Monday but did not fully assure investors in the beleaguered mortgage finance giants.
Oil prices were virtually unchanged Monday as a plan to aid the major U.S. mortgage finance firms was countered by continuing concerns about supply, particularly after Brazilian oil workers began a 5-day strike.
The Federal Reserve has adopted rules to give home buyers more protection from the types of shady lending practices that have contributed to the housing crisis
Inflation risks haven't gone away, but the Federal Reserve might not be able to do much about it right now.
The Treasury Department and Federal Reserve on Sunday outlined a comprehensive government plan to prop up Fannie Mae and Freddie Mac - the two mortgage finance giants that play a crucial role in the U.S. economy.
The U.S. Treasury and the Federal Reserve announced steps Sunday to shore up mortgage giants Fannie Mae and Freddie Mac
In a sign of some improvement in the credit crisis, Wall Street firms for the first time didn't borrow from the Federal Reserve's emergency lending program and commercial banks also scaled back
Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke urged lawmakers Thursday to help modernize how the nation's beleaguered financial system is regulated.
If you've ever had your interest rate jacked up on your credit card, it's your turn to gripe. Here are top tips on how to make your complaints count.
The Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practice
The biggest threat to the stock market and the economy may not be the housing market or more big losses from large banks. It's probably Iran.
The dollar fell against other major currencies Wednesday, giving up gains made in the previous session.
Stocks surged Tuesday, with falling oil prices and a stronger dollar giving investors an incentive to scoop up financial services and other shares hit in the recent selloff.
The Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practices, its most sweeping response to a housing crisis that has propelled foreclosures to record highs
The Federal Reserve is considering giving squeezed Wall Street firms more time to draw emergency loans directly from the central bank to help them overcome credit problems
The dollar was mixed on Monday as the stock market lost ground, after making gains earlier in the day on falling oil prices.
The pact between the Federal Reserve and the Securities and Exchange Commission should enhance regulatory cooperation between the two agencies, allowing them to more effectively carry out their regulatory duties, officials said
The dollar rose against the euro Thursday after a government report on the labor market came in largely as expected despite persistent rumors that a much bleaker number was in store.
Rates on 30-year fixed mortgages fell for the first time in three weeks after the Federal Reserve said last week that it expects inflation to level off, according to mortgage backer Freddie Mac.
It's appropriate, as we head into a long holiday weekend to celebrate America's independence, that the dollar rallied a bit Thursday.
The fireworks may come a day early for the financial markets if the European Central Bank, as expected, raises interest rates on Thursday.
The weakened dollar isn't just wreaking havoc for Americans traveling overseas - it is hitting consumers right at home.
The weakened dollar isn't just wreaking havoc for Americans traveling overseas - it is hitting consumers right at home.
The Federal Reserve decided to hold steady on short-term interest rates. We're no longer in a falling-rate environment. Here are some top tips on what you need to do now.
Thursday's stock market selloff reflects a sobering truth: Nine months of strong medicine have failed to cure the credit crisis and left the economy in a weakened state.
Treasury prices rose and yields nose dived Thursday as the equity market sold off furiously, sending investors flocking to the perceived safety of the bond market.
Oil reached $140 a barrel for the first time ever Thursday following reports that Libya may cut production and an OPEC official said crude could hit $170 a barrel this summer.
Even Warren Buffett is wrong some of the time. Federal Reserve chairman Ben Bernanke is hoping this is one of them.
If the outlook for the banking industry worsens in the months ahead, the Federal Reserve may have something to do with it.
If you have a mortgage, carry credit cards and are considering a home equity loan to cope with soaring food and energy prices, you should be paying attention to what the Fed has to say.
Treasury prices recovered some of their loses from earlier in the day after the Federal Reserve announced its decision to hold the key federal funds interest rate at 2%.
The Fed's words will speak louder than its actions this afternoon.
Stocks gave up bigger gains by the close Wednesday, as investors welcomed the Fed's decision to hold rates steady, as expected, but remained wary about the economy.
The Federal Reserve left its key short-term interest rate unchanged Wednesday at 2%, marking the first time in the nine months that it did not cut rates.
Oil prices settled more than $2 lower Wednesday after a government report showed an unexpected rise in crude stockpiles.
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