Federal Reserve Chairman Ben Bernanke signaled Tuesday that further interest rate cuts are unlikely because of concerns about inflation. High oil prices are a double-edged sword that can both put a damper on already weak growth and spread inflation, he said. ...more

June 4, 2008

Wall Street plunged Tuesday, driving the Dow Jones industrials down 370 points after investors saw an unexpected contraction in the service sector as evidence the economy is sinking into recession. It was the Dow's biggest percentage drop in almost a year. ...more

February 6, 2008

U.S. factories saw demand for their products rise in December by the largest amount in five months, a spot of welcome news that failed to change the picture of an economy struggling to stay afloat. ...more

February 5, 2008

Wall Street ended a frenetic January with a huge advance Thursday after investors set aside worries about bond insurers and grew more optimistic that the Federal Reserve's interest rate cuts will indeed help lift the economy. The Dow Jones industrials rose more than 200 points but had its worst January in eight years. ...more

February 1, 2008

The Federal Reserve delivered powerful new relief to people and businesses squeezed by the ailing economy Wednesday, cutting interest rates ever deeper in an effort to avert or at least soften the blow of a recession. ...more

January 31, 2008

A growing conviction that the United States is headed toward recession sent Wall Street plunging Tuesday, with weak retail sales figures and disappointing results from Citigroup exacerbating investors' pessimistic mood. The Dow Jones industrials tumbled nearly 280 points. ...more

January 16, 2008

Wall Street plunged again Friday amid renewed fears that the financial sector's troubles with bad credit won't soon end and that some consumers are buckling under the weight of a slowing economy. The major indexes each lost more than 1 percent, including the Dow Jones industrials, which finished down nearly 250 points. ...more

January 12, 2008

Federal Reserve policymakers are expected to slice a key interest rate for a third time this year in an effort to prevent troubles in the housing and credit markets from sinking the nation's economy. ...more

December 11, 2007

Wall Street rebounded Tuesday after Abu Dhabi Investment Authority said it will invest $7.5 billion in Citigroup, a vote of confidence for the bank that has suffered severe losses amid the ongoing crisis in the mortgage market. ...more

November 28, 2007

Employers added twice as many new jobs to their ranks than expected in October, an encouraging sign that the nation's employment climate is not cracking under the stress of a deepening housing slump. ...more

November 2, 2007