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Bank of Japan keeps rates on hold

The Bank of Japan today lowered its forecasts for growth and inflation this year, and held interest rates steady, but maintained its view that the country's economy was likely to continue its sustained expansion.

Text of the FOMC statement

The Federal Open Market Committee decided today to lower its target for the federal funds rate 25 basis points to 4-1/2 percent.

Fed cuts key rate by quarter point, notes housing downturn

The Federal Reserve cut its benchmark interest rate by a quarter point on Wednesday, hoping to forestall what policy makers see as further slowing of the economy in the near term due in part to the U.S. housing downturn. The Federal Open Market Committee cut the key federal funds rate to 4.5 percent on Tuesday in a bid to forestall damage to the broader economy from turmoil in financial markets.

Fed seen taking out a little rate cut insurance

The Federal Reserve is expected to lower benchmark borrowing costs modestly on Wednesday as an additional bulwark against the risk a housing slump and tighter credit drag down the rest of the economy.

More news

Stocks, oil, dollar pause as Fed meeting looms

Asian stocks and oil prices retreated from their peaks on Tuesday and the dollar halted its slide as investors held their fire ahead of a U.S. Federal Reserve policy meeting, where an interest rate cut is widely expected. European stocks also looked set for a weaker start,

Rate cut from Fed uncertain: report

The Fed is deciding between a quarter point interest rate reduction and no cut at all, with a half-point cut unlikely to be considered, according a report by the Wall Street Journal.

Gold races towards $800, platinum hits record

Gold rallied to its highest level in 28 years on Monday and targeted $800 an ounce as oil surged to a record peak and the dollar tumbled on speculation over a U.S. interest rate cut.

Global stocks rally, dollar tumbles as U.S. rate cut looms

Expectations of a U.S. interest rate cut this week boosted world stocks for a third straight session on Monday and sent the dollar to record lows, while surging energy and gold prices buoyed emerging markets.

With inflation monster tame, Fed can manage risk

The Fed can now turn to pursuing a "risk management" interest rate policy that insures against a steep economic downturn.

October consumer sentiment hurt by housing

Consumer sentiment fell further than expected in late October to its lowest in more than a year as concerns about the housing slump darkened the economic outlook, a survey released on Friday showed.

FACTBOX: Record oil price still below inflation-adjusted high

U.S. oil surged to a nominal all-time high of $92.22 a barrel on Friday, boosting the annual average price to $67.87.

Asian stocks scale fresh peak on earnings

Asian stocks rose to an all-time high on Friday thanks to upbeat earnings from blue-chip firms such as Sony and Honda Motor, while a rally in oil prices to a record high above $91 a barrel fuelled gains in energy shares.

Treasury prices edge up

U.S. Treasury prices rose Tuesday as bond traders ignored a rising stock market and gravitated towards bonds ahead of possibly weaker home sales report this week which may give the Federal Reserve a reason to jumpstart the economy with additional interest rate cuts.

ECB policymakers say growth OK, differ on inflation

Financial market turbulence should have only a limited impact on euro-zone growth, European Central Bank policymakers said at weekend meetings of global financial officials in Washington.

Factories, jobs raise worries over weakness

The U.S. factory sector and the job market showed surprising weakness in data released on Thursday, raising concerns the Federal Reserve may need to deliver more interest rate cuts to shore up the economy.

Big Asia governments to stick to cheap fuel, for now

Asian governments from Indonesia to China to India are in no rush to eliminate domestic fuel subsidies by raising cheap local pump prices, officials said this week, even as crude oil rockets toward $100 a barrel.

Sept CPI rise largest since May

A pickup in energy prices helped drive consumer prices ahead at the sharpest rate in four months during September, according to a government report on Wednesday that was likely to keep the Federal Reserve wary about inflation.

C.Europe economies dynamic, but problems loom

Central Europe has evolved from a collection of Soviet Communist satellite states into the most dynamic part of the capitalist European Union in less than a generation.

Dollar firm on U.S. optimism

Asian stocks pared early gains on Monday, pausing after their recent rally, while the dollar held firm as strong U.S. retail sales data prompted investors to trim bets of further U.S. interest rate cut.

Solid Retail Calms Recession Angst

U.S. retail sales rose solidly in September while a key inflation gauge remained muted, data on Friday showed, suggesting the economy retained some buoyancy despite a weakening housing sector. With consumers flexing their spending power, the latest batch of data paints a less gloomy picture of an economy that is slowing, but not stalling.

Dollar down as markets eye further rate cut

The dollar fell on Wednesday as concern crept back into the market that the Federal Reserve may cut interest rates again this year to prevent a weak housing sector from damaging the broader economy.

Economists cut 2008 forecasts for U.S. growth

U.S. economists have chopped their forecasts for 2008 economic growth for a third straight month, saying the housing slump will be deeper and last longer than earlier expected, a survey released on Wednesday showed.

Fed said policy hinges on developments; rate cut was unanimous

Members of the U.S. Federal Reserve's policy-setting committee agreed unanimously that a rate cut of half a percentage point to a key lending rate was needed in order to offset the effects of a weakened credit market on the economy's outlook, according to minutes released on Tuesday from the committeeâ€™s September 18 meeting.

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