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Like a heady, impulsive love affair, the relationship between financial markets and the US economy in the past few years has been a volatile one. In the glorious, sun-filled days [...]

WASHINGTON -- US consumer confidence surged this month, ratcheting sharply higher the chances of a rapid and sustained recovery in the world's largest economy. The Conference Board, a private-sector research [...]

After years of listening to America laud its economic success, Europe was ready to believe the time had come for a change in the balance of economic power. As Laurent [...]

WASHINGTON -- The Federal Reserve left interest rates unchanged yesterday but said for the first time in more than a year it no longer saw US economic risks as skewed [...]

The Enron Prize for Distinguished Public Service sounds like one of those barbed comic confections, awarded perhaps by the same fictional body that might present the Jerry Springer Prize for [...]

In the summer of 1996, while Bill Clinton was surfing to re-election on a wave of equity market euphoria and spreading national prosperity, the mood inside the Federal Reserve in [...]

WASHINGTON and LONDON -- The US manufacturing sector roared back to life last month after almost two years of decline, while British industry reported its best outlook for a year. [...]

WASHINGTON -- The US economy grew much more impressively in the last three months of 2001 than initially reported, suggesting last year's recession was over before it was clear it [...]

WASHINGTON -- The US economy grew much more impressively in the last three months of 2001 than initially reported, suggesting that last year's recession was probably over before it was [...]

Yesterday's message was clear. 'It's recovery, gentlemen, but not as we know it.' That, roughly paraphrased, was what Alan Greenspan told members of the US House of Representatives Financial Services [...]

Yesterday's message was clear. 'It's recovery, gentlemen, but not as we know it.' That, roughly paraphrased, was what Alan Greenspan told the US House of Representatives financial services committee and [...]

WASHINGTON -- The Federal Reserve's decision yesterday to leave interest rates unchanged was the clearest sign yet that the US economy is on the mend. Along with the latest economic [...]

WASHINGTON -- The Federal Reserve called a halt yesterday to its most aggressive interest rate-cutting campaign in recent history, leaving short-term rates unchanged amid growing signs of incipient economic recovery [...]

WASHINGTON -- When they vote on interest rates today at their first meeting of 2002, Federal Reserve monetary policymakers seem set to do something they have not done in more [...]

Alan Greenspan, the Federal Reserve chairman, expressed cautious optimism yesterday that the US economymight have already hit bottom, but repeated warnings of the risks ahead. He told the Senate Budget [...]

'Neither rain nor snow nor heat nor gloom of night stays these couriers from the swift completion of their appointed rounds,' reads the inscription on the pediment of the New [...]

Perhaps it is something to do with the homing instinct revived by the traumas of last year but the language economists use to describe the outlook for the US economy [...]

WASHINGTON -- Alan Greenspan, the chairman of the Federal Reserve, yesterday punctured some of the recent optimism in financial markets about the prospects for a quick rebound in the US [...]

As Argentina stumbles through an economic and political crisis that threatens to reverse much of the impressive progress South America's second largest economy has made over the last decade, the [...]

WASHINGTON -- The US labour market ended a dismal 2001 with another rise in unemployment amid further hefty job losses, in effect providing a warning that, while the worst of [...]

WASHINGTON -- Federal Reserve policymakers have acknowledged that the US economy deteriorated much more quickly this year than they had expected when the slowdown began a year ago. But they [...]

An old economists' joke says that the US stock market has accurately predicted nine of the last three recessions. On May 16 this year it seemed to be well on [...]

It was a sombre andred-eyed group thatgathered behind the oak doors of the board room at the Federal Reserve's headquarters in Washington at 7.30 on the morning of Monday September [...]

WASHINGTON -- The Federal Reserve yesterday extended its campaign of interest rate cuts to revive the US economy, but softened the pace of easing by trimming rates just a quarter [...]

WASHINGTON -- The Federal Reserve is expected to lower interest rates today for the eleventh time this year, driving them to levels not seen over an extended period in more [...]

WASHINGTON -- The US economy shrank faster in the three months to September than in any quarter since the 1990-91 recession, revised figures published yesterday showed. The report rounded out [...]

As the world digested in shock the cataclysmic events of September 11, the impact on the already fragile US economy looked obvious. The blow to consumer and business confidence from [...]

WASHINGTON -- Growing investor optimism about a quick end to the US recession was dented yesterday when the Federal Res-erve said economic activity slowed further in most parts of the [...]

The longest expansion in American economic history was pronounced dead on Monday by a team of economist-pathologists at the National Bureau of Economic Research. The boom of the 1990s, which [...]

It is rare to hear a central banker sounding so forlorn. Yesterday's comments by Masaru Hayami, governor of the Bank of Japan, that he could see no remaining policy measures [...]

The Bank of Japan's monetary committee has discussed the possibility of buying foreign bonds, a move that would signal its commitment to ease monetary policy further and push the yen [...]

The heady bout of economic euphoria that has gripped US financial markets in the past week poses a critical question for investors. Is the Federal Reserve, which has been aggressively [...]

Given the suffering inflicted on New York's financial community on September 11, it is hard to begrudge Wall Street its celebrations this week as the Taliban was routed across Afghanistan. [...]

WASHINGTON -- The Federal Reserve yesterday took another bold step in its aggressive efforts to revive the US economy, cutting short-term interest rates by half a percentage point to their [...]

WASHINGTON -- The US Federal Reserve is poised to cut interest rates today for the tenth time this year, extending its most aggressive rate-cutting campaign in recent history amid yet [...]

WASHINGTON -- The US Federal Reserve is poised to cut interest rates today for the tenth time this year, extending its most aggressive rate-cutting campaign in recent history amid yet [...]

WASHINGTON -- The longest period of uninterrupted economic expansion in postwar US history ended in the third quarter, according to official figures released yesterday. The US economy shrank for the [...]

The last time short-term US interest rates were held for a sustained period below 3 per cent John F. Kennedy was in the White House, Alan Shephard had just become [...]

WASHINGTON -- The Federal Reserve took its campaign to revive US economic growth into uncharted territory yesterday, reducing short-term interest rates by half a percentage point to 2.5 per cent [...]

WASHINGTON -- The Federal Reserve is expected to cut interest rates today for the ninth time this year, bringing overnight rates to their lowest level since the early 1960s, as [...]

WASHINGTON -- Andrea Mitchell, NBC's senior diplomatic correspondent, was about to go on air. The interview - with Tom Brokaw, the network's venerable news anchor - would be live. Her [...]

WASHINGTON -- When is an economic stimulus not an economic stimulus? In the view of Alan Greenspan, the Federal Reserve chairman, when the potential negative side effects of a planned [...]

FRANKFURT, LONDON, WASHINGTON and STOCKHOLM -- Unlike the co-ordinated monetary policy moves that were the hallmark of international economic co-operation of the 1980s, the spate of interest rate cuts that [...]

WASHINGTON -- At 7.30 yesterday morning, as a solemn Wall Street was preparing to reopen its stock markets after a four-day suspension in the wake of the World Trade Center [...]

WASHINGTON, FRANKFURT and NEW YORK -- In an effort to shore up confidence in the global financial system, the Federal Reserve and European Central Bank yesterday each moved to cut [...]

WASHINGTON -- That the Federal Reserve was going to cut interest rates after last week's murderous assault on the US was inevitable. The shock to financial markets and the potentially [...]

WASHINGTON, FRANKFURT and NEW YORK -- The Federal Reserve and European Central Bank cut their key interest rates by half a percentage point yesterday in an effort to shore up [...]

WASHINGTON and NEW YORK & LONDON -- US authorities are poised to take emergency action this week in an effort to forestall turmoil in American financial markets following last week's [...]

When a few dozen of the world's leading economic policymakers gathered last weekend for their annual retreat at Jackson Hole in Wyoming, the focus of discussion was, simply put, the [...]

As it has been since early summer, the US economy remains poised in a delicate equilibrium between recovery and recession. Latest data for gross domestic product showed that output growth [...]