Economy Live

Federal Reserve has been under constant fire for its handling of the sub-prime monster. Tuesday saw the bank accept its poor handling of the circumstances that led to the crisis. The bank acknowledged that lenders aggressively sold loans to buyers...

The European Central Bank holds displeasure with the euro's rushed rise against the dollar. The bank's president, Jean-Claude Trichet said, In the recent period I have observed moves that I would say were undoubtedly sharp and abrupt. And I said..

Stocks steadily strengthened after the Federal Reserve's recent interest rate cut, but failed to meet with the anticipated promises. Market is continuously being hurt by the debt market - to alleviate the ongoing credit crunch and to calm the market.

Wall Street retreated after Federal Reserve Chairman, Ben Bernanke's comment that the deteriorating economy pace, rising inflation and looming housing sector will remain a risk to consumer spending and overall economic growth. Amid the inflation...

The U.S. Federal Reserve once again left its key interest rate unchanged amid economists' warning to keep vigil on inflation. Fed officials in a unanimous move left their target for short-term interest rates at 5.25 percent, the highest in 61/2.

The Federal Reserve in its latest Beige Book report on the economy gave a more encouraging assessment of US regional economies, as manufacturing and job growth picked up. The economy continued to expand at a moderate pace in most regions of the...

The US worker productivity grew at a slower pace than the government initially estimated in the first quarter, driving up labor costs and strengthening concerns about inflation. The US Labor Department has reported that the productivity in the...

The US economy strengthened in May, as a robust job growth encouraged consumers to give a boost to their spending regardless of the housing slump and high energy prices. According to a new data released recently, employers added nearly twice the...

Although, slumping prices for the new homes is trimming the profits of homemakers yet the Federal Reserve officials are worried about the inflation. Federal Reserve voted to steady the interest rate on 5.25, to study the economy better. May 9...

Federal Reserve Chairman Ben Bernanke has said that the financial system can survive the fallout from the subprime-mortgage market 'without serious problems.' The Federal Reserve does not anticipate broader economic consequences from the...