Market Drops on Fed Chiefâs Glum Words
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Wall Street retreated Thursday after the chairman of the Federal Reserve, Ben S. Bernanke, forecast a âsluggishâ economy until later in the year.
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U.S. stock index futures edged lower on Tuesday before a Federal Reserve meeting that investors hoped would yield clues about the outlook for interest rates.
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The dollar barely moved on Tuesday as most investors were reluctant to take positions ahead of an address by the Federal Reserve chief that is expected to point to further rises in US interest rates this year.
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EMERYVILLE, California  - The U.S. housing market   is slowing roughly as the Federal Reserve has expected, San   Francisco Federal Reserve President Janet Yellen said on   Tuesday.
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U.S. stocks ended down on Wednesday, pressured by growing concerns about troubles in the subprime mortgage market and a warning from the Federal Reserve chairman about housing weakness.
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Central bank chops rates, but stocks slide anyway.
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Falling oil prices hurt energy stocks and a Fed officialâs comments on interest rates also soured the marketâs early good mood.
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Stocks fell Friday after accelerating inflation spurred concern that higher prices will curb consumer spending and give the Federal Reserve less leeway to cut interest rates.
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It was a dismal week for the stock market, despite an interest rate cut by the Federal Reserve.
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Stocks headed for a lower open on Thursday due to uncertainty about when the Federal Reserve would cut interest rates and as mixed reports on the economy spurred caution.
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Prices on short-dated bonds fell Friday as the market again mulled over suggestions by the Federal Reserve that short-term interest rates may needed to be raised to head off inflation.
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Stocks fell on Tuesday after signs of strength in the services sector and comments from Federal Reserve Chairman Ben Bernanke diminished expectations of an interest rate cut, with surging bond yields adding to concerns.
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A Fed rally on Wall Street abruptly fizzled Wednesday as excitement over an interest rate cut gave way to new  concerns about subprime mortgage woes.
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The Dow Jones industrials fell after the opening bell; European markets sank following the central bankâs signal that no monetary easing was in the cards.
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Traders probably do not expect anything as seductive as a promise to cut interest rates in Ben S. Bernankeâs update to Congress on the economy and Federal Reserve policy.
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The stock market stumbled as Wall Street seemed to grasp that the Federal Reserve is in no hurry to lower interest rates.
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Stocks fell on Tuesday as signs of strength in the services sector and comments from Federal Reserve Chairman Ben Bernanke put an interest rate cut further out on the horizon, with surging bond yields adding to concerns.