Federal Reserve

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Inflation Cools, Heats Wall Street
Inflation Cools, Heats Wall Street

Inflation Cools, Heats Wall Street

But gas prices, at record highs, still worrisome

(Newser) - The core consumer price index stayed steady last month, rising just 0.2% and cooling worries about inflation. The overall CPI, which responds to fluctuating food and energy costs, climbed 0.4%, still well within the comfort zone. That's good news for the Fed, which held interest rates steady last...

Fed Holds Interest Rates Steady
Fed Holds Interest Rates Steady

Fed Holds Interest Rates Steady

Unanimous vote seeks to stave off inflation

(Newser) - The Fed held the benchmark interest rate steady at 5.25% today in an unsurprising statement that prompted little reaction from the market. The unanimous vote reflects concerns about a faltering housing market, slowed growth, and persistent fears about core inflation, which the Fed continues to consider "somewhat elevated....

Economy Slumps to 4-Year Low
Economy Slumps to 4-Year Low

Economy Slumps to 4-Year Low

Weak home sales, high oil prices drive slowdown

(Newser) - The country's economic growth has dwindled to its lowest rate in four years, with the housing slowdown, high energy prices, and a looming trade deficit driving lower-than-expected numbers released today. The economy grew 1.3% in the first quarter of 2007, down from 2.5% in the last three months...

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