Economic Growth

Fed Lowers Economic Forecast

AP | JEANNINE AVERSA | Posted 03.28.2008 | Business


WASHINGTON — The Federal Reserve on Wednesday lowered its projection for economic growth this year, citing damage from the double blows of a hou...

Fed President "Not Confident" Recession Avoidable

Reuters Via CNBC | Posted 03.28.2008 | Business


San Francisco Federal Reserve Bank President Janet Yellen on Thursday indicated a willingness to cut U.S. interest rates further and said she was "not...

Home Prices May Sink Another 25% By 2010

BusinessWeek | Peter Coy | Posted 03.28.2008 | Business


As Washington policymakers struggle to keep the U.S. out of recession, the swirling confusion over the housing market is making their job a lot toughe...

Forecast: Housing Slump To Push Economy To Brink Of Recession

AP | Posted 03.28.2008 | Business


Ongoing weakness in the housing market will push the national economy to the brink of recession, but growth in other areas should put the country back...