Retail sales exceeded forecasts in November, and wholesale prices jumped the most in 34 years, diminishing both the need and scope for the Federal Reserve to make deeper interest-rate cuts. ...more

December 14, 2007

Consumers battered by a slumping housing market and a credit crunch slowed the growth in spending to the smallest amount in four months. In another sign of weakness, construction activity fell by a larger-than-expected amount. ...more

December 1, 2007

The deteriorating housing market forced the White House to lower its projection for economic growth next year and raise its forecast for unemployment. Inflation is expected to moderate. ...more

November 30, 2007

Wall Street plunged Thursday, pulling the Dow Jones industrial average down more than 360 points as investors found themselves confronted by two uncomfortable prospects: an end to interest rate cuts and a slowing economy. ...more

November 2, 2007

Slow job growth, coupled with the effects of a troubled real estate market, is pushing down demand for new homes in the Tampa Bay area, according to a report released Wednesday. ...more

November 1, 2007

The economy picked up speed in the summer, growing at a brisk 3.9 percent pace, the fastest in 1 1/2 years and an impressive performance even as a credit crunch plunged the housing market deeper into turmoil. ...more

November 1, 2007

New home sales posted an unexpected increase in September. Analysts, however, viewed the small gain as highly questionable given the severe credit crunch that rocked the housing industry this summer. They predicted further sales declines before the worst housing slump in more than two decades comes to an end. ...more

October 26, 2007

Construction of new homes plunged to the lowest level in 14 years in September as turmoil in credit markets intensified problems in the housing industry. Consumer prices, meanwhile, rose at the fastest pace in four months, reflecting higher energy and food costs. ...more

October 18, 2007