Trichet talks down rate cut hopes
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European Central Bank boss Jean-Claude Trichet talks down rate cut chances amid financial market problems.
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The rate of inflation has slowed in August, leading economists to predict that the Bank of England may soon look to cut interest rates.
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Federal Reserve Chairman Ben S. Bernanke yesterday signaled that the central bank will cut interest rates aggressively to try to prevent a serious economic downturn, using unusually direct and forceful language.
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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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Aggressive moves to cut interest rates by America's central bank are intended to stave off a financial meltdown.
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Federal Reserve Chairman Ben S. Bernanke today gave the clearest indication yet that the central bank will move aggressively to cut interest rates to try to prevent a serious economic downturn.
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Ben S. Bernanke said that he was ready to slash interest rates yet again to prevent housing and credit problems from plunging the country into a recession.
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The Federal Reserve is likely to make one of three moves on interest rates.
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Wary financial markets awaited a public appearance by European Central Bank chief Jean-Claude Trichet on Monday after a German bank holed by the U.S. subprime mortgage crisis was sold.
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Federal Reserve Chairman Ben Bernanke told Congress Thursday that the country's economic outlook has deteriorated and signaled that the central bank is ready to keep on lowering a key interest rate Â as needed Â to shore things up.
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The dollar was weaker against the euro on Tuesday but above record lows reached after remarks by European Central Bank chief Jean-Claude Trichet suggested the ECB was unlikely to intervene to stem the euro&#39;s rise.
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The dollar sagged to a record low  against the euro on Tuesday after remarks on monetary policy by  European Central Bank President Jean-Claude Trichet did not  detract from bullish euro sentiment.
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Investors banking on more  interest-rate cuts may get some clues about what comes next  from Federal Reserve Chairman Ben Bernanke, who testifies  before the Joint Economic Committee of Congress on Thursday.
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FRANKFURT (AFX) - European Central Bank president Jean-Claude Trichet has called on the US to reduce its budget deficit, saying this will help facilitate a &quot;gradual and smooth correction&quot; of the ballooning US current account deficit.
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CHICAGO (CBS.MW) -- Treasurys were lower ahead of what&#39;s expected to be the Federal Reserve&#39;s third interest-rate hike of the year later Tuesday.
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Wall Street is looking for a rate cut by the Federal Reserve Bank to help bolster the United States economy and ease problems caused by tightening credit availability.
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Former Federal Reserve Chairman Alan Greenspan said in an interview that aired on Thursday the Fed's decision to cut interest rates this week had lowered the risk of a U.S. recession, although chances were still above one in three.