INFLATION

U.S. consumer confidence took an unexpectedly steep slide in June, figures released on Tuesday showed, suggesting the 18-month-long recession had yet to loosen its grip on the economy.

Billionaire investor George Soros on Tuesday predicted a stop-go economy for the United States, saying fears of inflation will drive up interest rates and choke off growth.

Unprecedented attempts to stimulate economic growth may fail to bring a sustained recovery, yet withdrawing them too late could be even more risky, leading central bankers said on Monday.Regional currencies would gain in importance, they also said after two days of talks. But the U.S. dollar still had no serious rival in playing a lead role in foreign reserves and trade settlement, according to th...

Financial products should be treated like medicines and sold to consumers only when they are certified safe to prevent a repeat of last year's financial meltdown, the world's central bankers said on Monday.The Bank for International Settlements , which acts as a forum for central banks, said government efforts to revive the global economy might have only a temporary impact because banks are not ...

Financial products should be treated like medicines and sold to consumers only when they are certified safe to prevent a repeat of last year's financial meltdown, the world's central bankers said on Monday.The Bank for International Settlements , which acts as a forum for central banks, said government efforts to revive the global economy might have only a temporary impact because banks are not ...

U.S. consumer spending in May rose for the first time since February and savings hit a record high as federal stimulus measures boosted incomes, bolstering the view that the economy was close to emerging from recession.

U.S. consumer spending in May rose for the first time since February and savings hit a record high as federal stimulus measures boosted incomes, while consumer sentiment edged higher in June, bolstering the view that the economy was close to emerging from recession.

U.S. consumer spending in May rose for the first time since February and savings hit a record high as federal stimulus measures boosted incomes, while consumer sentiment edged higher in June, bolstering the view that the economy was close to emerging from recession.

U.S. consumer spending in May rose for the first time since February as government stimulus measures boosted income, while a consumer sentiment index in June edged higher, bolstering the view that the economy was close to emerging from recession.

U.S. consumer spending in May rose for the first time since February as government stimulus measures boosted income, while a consumer sentiment index in June edged higher, bolstering the view that the economy was close to emerging from recession.

U.S. consumer spending rose last month for the first time since February as government stimulus pushed incomes sharply higher, the Commerce Department said on Friday, supporting the view the economy was close to pulling out of recession.

U.S. consumer spending rose last month for the first time since February as government stimulus pushed incomes sharply higher, the Commerce Department said on Friday, supporting the view the economy was close to pulling out of recession.

The Federal Reserve on Wednesday stuck to its huge program of buying government and mortgage debt, which is designed to keep borrowing costs low and boost recovery, and said it saw signs that the deep U.S. recession was easing.

The Federal Reserve on Wednesday stuck to its huge program of buying government and mortgage debt and said it saw signs that the deep U.S. recession was easing.

Facing concerns about the amount of financial stimulus needed to keep the economy from speeding up too quickly, the Federal Reserve on Wednesday said inflation will remain subdued for some time, keeping its key interest rate unchanged and said it would modify its program to buy mortgage-backed securities “as warranted.”

The economic outlook has improved for the first time in two years but soaring unemployment and ballooning budget deficits could knock a weak recovery off track, the OECD said on Wednesday.

The Federal Reserve is expected to emphasize the U.S. economy's fragile state in a policy statement on Wednesday as it talks down expectations for a rate hike this year and holds fire on expanding asset purchases.

The dollar hit its lowest in nearly two weeks against a basket of currencies and global stocks edged up from five-week lows ahead of a Federal Reserve meeting expected to dampen expectations for higher rates.

After months of wishful thinking, investors are nervous again about financial markets and the world economy, and it may take a flurry of much better economic data to make them believe in a sustainable recovery.

Corporate sentiment surveys from Germany and Japan showed glimmers of hope on Monday, contrasting with grim global outlooks from the World Bank and Organisation for Economic Cooperation and Development.

The Organization for Economic Cooperation and Development added to a grim outlook from the World Bank on Monday, saying major economies will contract throughout 2009 and the problem of unemployment will linger.