Wall Street investors are a bit more pessimistic than they should be despite a host of negative factors such as a weak U.S. economy and high energy costs, Goldman Sachs strategist Abby Joseph Cohen said.
Ben Bernanke will have to answer at his press conference the big soft patch question.
Stocks seesawed between modest gains and losses on Wednesday ahead of the Federal Reserve's assessment of the economy and any plans for dealing with renewed weakness.
The evidence of double-dip recession in the US economy is growing, with the latest indicators reflecting deteriorated economic conditions not seen in the past three decades.
The Federal Reserve on Tuesday began a two-day meeting against the backdrop of a weakening U.S. economy that will likely force policymakers to plan for the possibility that things may get worse.
The U.S. economy has slowed in recent months, but underlying inflation pressures are rising. How will the Federal Reserve respond?
U.S. consumer sentiment worsened more than expected in June on renewed concerns about the outlook for the economy, while worries about inflation eased modestly, a survey released on Friday showed.
U.S. consumer sentiment worsened more than expected in June on renewed concerns about the outlook for the economy, while worries about inflation eased modestly, a survey released on Friday showed.
Latin America is getting the upper hand on inflation that once ravaged the region but central banks in some of Asia's heavyweight economies are having a tougher time.
Yesterday, a highly valued client of ours posed this question to us: ”Do you think that we are headed towards a depression?” It is not clear to me what event triggered the question, but my answer was a resounding “No”.
The U.S. economy is facing a troubling mix of higher prices and weak growth.
U.S. core consumer inflation rose more than expected in May to post its largest increase in nearly three years, lifted by steep rises in motor vehicle and apparel prices.
Stocks continued to fall in early afternoon trading Wednesday, erasing most of Tuesday's gains.
A closely watched measure of consumer prices logged its biggest rise in nearly three years in May and a regional factory gauge contracted this month, showing the economy facing a troubling mix of weakness and inflation.
Core consumer inflation rose at quickest pace in nearly three years in May and a regional manufacturing gauge contracted this month, underscoring the headwinds facing the economy.
The resignation of Rousseff's chief of staff comes at a bad time as the president tries to manage Brazil's economic growth
Core consumer inflation rose at quickest pace in nearly three years in May and a regional manufacturing gauge contracted this month, underscoring the headwinds facing the economy.
The euro came under fresh pressure in Asia on Wednesday as worry about euro zone debt intensified, prompting a move away from riskier assets which helped gold extend gains.
The euro came under fresh pressure in Asia on Wednesday as worry about euro zone debt intensified, prompting a move away from riskier assets which helped gold extend gains.
Retail sales fell in May for the first time in 11 months, dragged down by a sharp drop in receipts from auto dealerships, according to a government report that could raise fears of a prolonged economic slowdown.
Retail sales fell in May for the first time in 11 months, dragged down by a sharp drop in receipts from auto dealerships, according to a government report that could raise fears of a prolonged economic slowdown.
The Bank of Japan on Tuesday kept monetary policy on hold but expanded a loan scheme targeting growth industries, keeping up efforts to address chronic ills that have been plaguing the economy even before a devastating earthquake struck in March.
