Economic Scene: Will the Fed Reverse the Housing Slump?
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There are good reasons to believe that the real estate slump has a long way to go, and thatâs the main reason the Fed went further than most analysts expected in cutting interest rates.
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WASHINGTON -- With the economy shifting into a slower gear and inflation apparently retreating, Federal Reserve officials are likely to pat themselves on the back for engineering a soft landing and leave interest rates alone.
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The US Federal Reserve cuts interest rates from 4.75% to 4.5% to help kickstart housing and credit markets.
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As sales of existing homes plunged 8 percent in September to the slowest annual pace in nearly a decade, markets rebounded from early losses on hopes the Fed will cut rates.
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Federal Reserve Chairman Ben Bernanke is likely to tell Congress this week the central bank is more worried U.S. inflation will flare than it is that housing market turbulence will seriously damage the economy.
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Wall Street may be on the defensive   this week if reports on housing and growth suggest the United   States economy is headed for an acute slowdown.
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The Federal Reserve on Tuesday slashed U.S. interest rates by a hefty half-percentage point in a bold bid to shield the economy from a housing slump and financial turbulence, sparking a big rally on Wall Street.
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Business & money: The crisis in financial markets is unlikely to prompt a property crash or even bring the upward trend in house prices to an end, a member of the Bank of England's monetary policy committee said today.
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While the U.S. housing market is   drifting down from stratospheric levels, the sector is just   returning to normal and is not poised to crash, several   economists and industry leaders told lawmakers on Wednesday.
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The Federal Reserve is likely to cut an important interest rate this week, a move designed to help the economy get through the  a painful housing slump and credit crunch
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Financial market turbulence has noticeably hurt housing activity in recent weeks but has had little effect on other sectors of the economy so far, the Federal Reserve said on Wednesday.
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The U.S. economy has come through  its recent soft patch and the Federal Reserve still has some  way to go to restore interest rates to more normal levels, Fed  officials said on Monday.
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IF the US Federal Reserve is raising interest rates yet again, then the US economy can&#39;t be on the verge of falling back into recession after all, right?
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Financial market turbulence has noticeably hurt housing activity across the United States in recent weeks but other sectors of the economy have so far been spared, the Federal Reserve said on Wednesday.
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The Federal Reserve is expected to  lower U.S. interest rates on Wednesday as part of an ongoing  aggressive effort to spare the economy from the worst effects  of a deep housing slump and credit crunch.
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Federal Reserve chairman Ben Bernanke predicted yesterday the economy will rebound from its anemic start of the year even if the housing slump persists. Wall Street slid, taking the news as a sign the Fed won't lower interest rates.
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Financial market turbulence has noticeably hurt housing activity across the U.S. in recent weeks but other sectors of the economy have so far been spared, the Fed said.