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October 7, 2008 6:35:19 PM CDT

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Stories related to: Federal Reserve

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  • February 2008

    • Despite Fed, Silicon Valley Bullish on Economy

      ABC News  |  Feb 27, 08 5:31 PM CST

      Despite Fed, Silicon Valley Bullish on Economy

      (Newser) - Ben Bernanke’s report to Congress on monetary policy offered a grim outlook on the economy, but ABC News sees some signs that good news may be around the corner: workers in Silicon Valley, a national economic bellwether, feel good about their prospects. Rising exports, the recently-passed stimulus package and the future rate cuts Bernanke will probably make at the Fed’s March 18 meeting are additional reasons for optimism. More »

      Tags

      Federal Reserve  • subprime mortgages  • recession  • Ben Bernanke  • housing crisis  • Silicon Valley  • interest rate cut

    • Bernanke Signals New Rate Cuts

      Wall Street Journal  |  Feb 27, 08 9:15 AM CST

      Bernanke Signals New Rate Cuts

      (Newser) - Federal Reserve Chairman Ben Bernanke today said that the board stands ready to cut interest rates again to give the economy "adequate insurance against downside risks," reports the Wall Street Journal. The move, which follows 2.25% in cuts to the key rate since September, is widely expected at the Fed's March 18 meeting. More »

    • Economists Lean Closer to the R-Word

      Associated Press  |  Feb 25, 08 7:09 PM CST

      Economists Lean Closer to the R-Word

      (Newser) - An panel of US economists leaned closer to predicting recession today after grappling with a slew of scary data, the AP reports. More than half of analysts at the National Association for Business Economics maintained that a downturn is still unlikely, but 45% expected recession in 2008; only a quarter saw a 35% chance of recession in a report last September. More »

      Tags

      Federal Reserve  • US economy  • recession  • credit market  • GDP  • economic stimulus package  • economist

    • Fed Sees Slower Growth, Higher Unemployment

      New York Times  |  Feb 20, 08 6:58 PM CST

      Fed Sees Slower Growth, Higher Unemployment

      (Newser) - The Federal Reserve issued a bleak assessment of the economy today, predicting weak growth and rising unemployment this year. Fed officials expect the economy to grow between 1.3% and 2% in 2008, the slowest in five years, the New York Times reports. A separate report today showed consumer prices rising, putting the Fed in a tricky spot as it weighs another rate cut against fears of inflation. More »

      Tags

      Federal Reserve  • US economy  • recession  • Ben Bernanke  • inflation  • interest rate  • unemployment

    • Market Up After Seesaw Session

      MarketWatch  |  Feb 20, 08 3:45 PM CST

      Market Up After Seesaw Session

      (Newser) - The Dow rose 90.04 points to 12,427.26 today in roller-coaster trading despite rising fears of inflation, MarketWatch reports. US consumer prices rose 0.4% last month in what one investment officer called “a nagging problem for the Fed.” The Nasdaq climbed 20.90 to 2,327.10, and the S&P rose 11.25 to 1,360.03. More »

      Tags

      Dow Jones  • Federal Reserve  • S&P 500  • Nasdaq  • inflation  • interest rate  • crude oil

    • Inflation Spikes, Cut in Jeopardy

      Wall Street Journal  |  Feb 20, 08 9:04 AM CST

      Inflation Spikes, Cut in Jeopardy

      (Newser) - Core inflation bounded ahead of expectations in January, which is bad news for anyone betting on a big rate cut from the Fed–and for the Fed itself. The consumer price index rose 0.4%, with core CPI rising 0.3%, putting the year-over-year figures at 4.3% and 2.5% respectively, well above the Fed’s traditional 1.5%-2% comfort zone, the Wall Street Journal reports. More »

      Tags

      Federal Reserve  • US economy  • Ben Bernanke  • inflation  • interest rate cut  • core inflation  • Consumer Price Index

    • Fed Quietly Loans Billions to US Banks

      Financial Times (UK)  |  Feb 19, 08 11:10 AM CST

      Fed Quietly Loans Billions to US Banks

      (Newser) - US banks, struggling with liquidity and hesitant to lend to each other in the wake of the subprime crisis, have hit up the Fed for nearly $50 billion, the Financial Times reports. The loans, issued under a 2-month-old program that, one analyst says, lets them "borrow money against all sort of dodgy collateral,” are fueling fears that the banking crisis is deeper than previously believed. More »

      Tags

      Federal Reserve  • US economy  • subprime crisis  • banking  • liquidity

    • Consumer Sentiment Nosedives

      Reuters  |  Feb 15, 08 11:10 AM CST

      Consumer Sentiment Nosedives

      (Newser) - The last time consumers were this pessimistic, the country was in the midst of recession. The consumer confidence index is at a level not seen since February 1992, according to Reuters/University of Michigan numbers out today, and "has only been this low during the recessions of the mid 1970s, the early 1980s and the early 1990s," the survey director said. More »

      Tags

      Federal Reserve  • recession  • New York  • manufacturing  • consumer confidence  • consumer confidence index

    • Stocks Sink on Fed Comments

      MarketWatch  |  Feb 14, 08 3:46 PM CST

      Stocks Sink on Fed Comments

      (Newser) - The markets fell today after three days of growth as the Fed warned that continuing credit trouble will restrain the economy and several top brokerage firms saw their earnings estimates reduced, MarketWatch reports. The Dow slid 175.26 points to 12,376.98, the Nasdaq dropped 41.39 to 2,332.54, and the S&P 500 fell 18.35 to 1,348.86. More »

      Tags

      Dow Jones  • Federal Reserve  • US economy  • S&P 500  • Nasdaq  • Ben Bernanke  • interest rate

    • Bernanke Suggests Rate Cuts Ahead

      Wall Street Journal  |  Feb 14, 08 9:20 AM CST

      Bernanke Suggests Rate Cuts Ahead

      (Newser) - Federal Reserve Chairman Ben Bernanke signaled today that further interest rate cuts might be necessary, citing continuing fallout from the credit and housing market collapses, reports the Wall Street Journal . Bernanke told the Senate Banking Committee he expected "a period of sluggish growth, followed by a somewhat stronger pace of growth starting later this year as the effects of monetary and fiscal stimulus begin to be felt." More »

      Tags

      Federal Reserve  • US economy  • credit crisis  • recession  • Ben Bernanke  • subprime crisis  • interest rate  • interest rate cut  • Senate Banking Committee

    • Fed Battles to Balance Rate Cuts, Inflation

      Wall Street Journal  |  Feb 8, 08 11:57 AM CST

      Fed Battles to Balance Rate Cuts, Inflation

      (Newser) - Inflation worries have some Fed officials hinting that interest-rate cuts may slow down, sparking concerns among investors who expect the central bank to trim rates 75 more basis points at its March 18 meeting, reports the Wall Street Journal. Rates have been reduced 2.25% since September—to 3%--in an effort to rally the flagging economy More »

      Tags

      Federal Reserve  • recession  • inflation  • interest rate cut

    • Stocks Rise Despite Bad Vibes

      MarketWatch  |  Feb 7, 08 3:30 PM CST

      Stocks Rise Despite Bad Vibes

      (Newser) - The Dow climbed 46.90 points to 12,247 in the face of bad news, ending a seesaw day up and breaking a three-day slump. Existing homes sales fell 1.5% in December, and tech bellwether Cisco reported weaker third-quarter growth than expected, but prices were low enough to stave off the bears. “There are a lot of deep discounts, and value buyers are out there,” said a trader.