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

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

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

The economy grew at a slower pace in the late fall as shoppers watched their pennies heading into the busy holiday season. ...more

November 29, 2007

Rising foreclosures will lead to billions of dollars in lost economic activity next year in the nation's major metropolitan areas, but homeowners and financial institutions have the ability to work together to contain the effects, according to a report compiled for the U.S. Conference of Mayors. ...more

November 28, 2007

The head of the Federal Reserve, Ben Bernanke, is right to give no hint that interest rates will be cut again soon. ...more

November 14, 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

The Federal Reserve sliced an important interest rate Wednesday - its second reduction in the last six weeks - to help the economy survive the strains of a deepening housing slump that is likely to crimp growth in coming months. ...more

November 1, 2007

With Christmas only about eight weeks away, shoppers are feeling more forlorn about the economy than they have since hurricanes Katrina and Rita battered the Gulf Coast two years ago. ...more

October 31, 2007

The message from Ben Bernanke and his Federal Reserve colleagues is clear: The housing slump will drag on well into next year as credit problems linger. What's not so apparent is how they will deal with the crisis, although another interest rate cut could come this week. ...more

October 30, 2007