economy – News Stories About economy - Page 39

ANALYSIS

Mar 14, 2008 12:30 PM CDT

'Perfect Storm' Batters US Economy

Unpredictable markets continue to feed stagflation fears

(Newser) - A perfect storm of economic maladies has the US economy reeling on the edge of recession and officials struggling to limit the damage it causes, reports the New York Times. But many economists say there isn’t much the government or policy makers can do besides batten down the hatches...

Consumer Prices Flat in Feb.

Mar 14, 2008 8:41 AM CDT

Consumer Prices Flat in Feb.

Lack of increase means Fed has an open door to a big rate cute next week

(Newser) - Consumer prices were flat for February, pleasantly surprising economists who expected a 0.2% increase, reports the Wall Street Journal. This morning’s consumer price index eases concerns that inflation is accelerating as the economy slows, and it gives the Federal Reserve more reason to float a large interest rate...

Most Economists Say
Recession Is Here

Mar 13, 2008 5:00 PM CDT

Most Economists Say Recession Is Here

WSJ poll sees big shift toward the negative from survey five weeks ago

(Newser) - A cascade of bleak financial news has convinced most economists in a Wall Street Journal poll that the US is already in a recession. The results are markedly more negative than a similar survey only five weeks ago, and much of the foul mood can be traced to last week’...

Retail Sales
Sank in
February

Mar 13, 2008 9:15 AM CDT

Retail Sales Sank in February

Surprise drop, after January rise, stokes slowdown fears

(Newser) - Stoking fears of recession, US retail sales fell in February by .6%, the Wall Street Journal reports, despite economists' predictions of a 0.1% increase. Sales had been up a revised 0.4% in January. Factors cited in the decline include rising gas prices, falling home values, the credit crunch,...

Socialist Party Wins in Spain

UPDATED

Mar 9, 2008 4:25 PM CDT

Socialist Party Wins in Spain

But ruling party will fall short of majority in parliament

(Newser) - Spain's Socialist Party overcame a sputtering economy and the murder of a former councilor to win today's national election, the BBC reports. "The Spanish people have spoken clearly and have decided to open a new period without tension, without confrontation," Prime Minister Jose Luis Rodriguez Zapatero told a...

Economy Overshadows Spanish Vote

Mar 5, 2008 5:06 PM CST

Economy Overshadows Spanish Vote

PM in race to wire as unemployment climbs; voting is Sunday

(Newser) - Spain goes to the polls Sunday after a bitter campaign in which the prime minister and his rival have traded insults and accusations of lying. Prime Minister José Luis Rodríguez Zapatero has maintained his slight lead and did well in this week's debate, but a raft of bad economic...