The Federal Reserve is expected to cut interest rates to help shore up the nation's economy. The NewsHour's Paul Solman examines the Federal Reserve's plans and what they mean for the economy.
President Bush announced a series of measures Friday intended to help ease the credit crunch caused by mortgage defaults, while Federal Reserve Chairman Ben Bernanke said he would monitor the situation.
Acknowledging a period of increased economic risk that could restrain growth, the Federal Reserve on Friday cut the discount rate at which it makes loans to banks. An economic consultant and a business journalist explain the move.
As housing inventories reached new highs, existing-home sales in the United States fell in July to its lowest rate in more than two years. Industry economists discuss the drop and the impact of the softening real estate market on the…
A Labor Department report released Wednesday shows an increase in consumer prices due to significant raises in energy and gas costs, prompting concerns that the Federal Reserve will again raise interest rates to fight inflation.
Foreclosure rates are increasing as many homeowners struggle to make their mortgage payments on time.
Federal Reserve Chairman Ben Bernanke this week expressed concerns over core inflation and noted a slowing economy, cooling housing market, and lower consumer spending, leading investors to expect another interest rate hike.
The Federal Reserve decided Tuesday it would not raise interest rates, but cautioned Americans that short-term rates will go higher this year as the country rebounds from recession.
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