US stocks have slumped on Wall Street after another inflation report deflated hopes that the Federal Reserve would start moving toward an interest rate cut when it meets next week.
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Original post by The Press Association on Topix.net
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Wall Street slumped Friday after another reading on inflation deflated hopes the Federal Reserve will start moving toward an interest rate cut when it meets next week.
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Stocks in New York were sluggish for the entire session Friday and closed slightly to the downside as traders decided against making big bets after another erratic week.
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Published: March 16, 2007 Last Modified: March 16, 2007 at 11:50 AM NEW YORK Some people might wonder if the angst over problems in the subprime mortgage market is overblown, but that hasn’t stopped some …
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Stocks slumped Friday after another reading on inflation deflated hopes the Federal Reserve will start moving toward an interest rate cut when it meets next week.
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Wall Street slumped Friday after another reading on inflation deflated hopes the Federal Reserve will start moving toward an interest rate cut when it meets next week.
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China’s prime minister tried to reassure the world about its financial goals Friday, saying a planned company to invest some of its $1 trillion in reserves won’t affect dollar-denominated assets and promising …
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Stocks tried for a modest advance Friday after Wall Street found some relief in an inflation reading that was better than the market feared and as industrial production showed a stronger-than-expected increase.
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In the first hour of trading, the Dow Jones industrial average rose 17.62, or 0.14 percent, to 12,177.30; broader stock indicators also moved modestly higher, with the Standard & Poor’s 500 index rising 4.37, …
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China will further open its financial sector in “an active and safe” way, the country’s central bank promised on Friday.
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