Economy Expands Despite Rising Oil Prices
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Rising energy costs drove up US consumer prices a larger-than-expected 0.6 percent in October, while industrial output and housing starts rebounded strongly from the prior month.
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Reports from Federal Reserve districts say economy is growing but energy prices have cut spending. WASHINGTON  - The US economy kept on growing in September and early October, even as higher prices
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Rising oil prices will weigh on US economic growth but the increases seen so far will not derail the expansion, Federal Reserve Board Governor Ben Bernanke said on Monday.
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NEW YORK - Stocks pushed higher Wednesday as investors digested a jump in the second-quarter gross domestic product and kept a close eye on oil prices that started to fall under $50 per barrel.    Investors saw the Commerce Department report, which said the nation's GDP grew 3.3 percent from April to June, as fairly good news, with a few caveats...
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The US economy has continued to grow in September and early October, but was hampered by record oil prices, a report from the Federal Reserve shows.
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A gauge of future economic activity edged higher in September, suggesting the economy may continue to trudge forward at a modest pace despite a worsening housing slump.
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NEW YORK -- Crude oil prices have resumed their climb after word that the nation&#39;s crude supply grew for the second week in a row.
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Oil prices surged to a new high above $47 a barrel on Wednesday on evidence that energy costs are not substantially slowing the economic growth that fuels oil demand.
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WASHINGTON : The US economy will grow solidly in 2005 despite high oil prices, no matter whether President George W. Bush or John Kerry is in the White House, top business economists said.
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Oil prices surged to a new high above  $47 a barrel on Wednesday on evidence that energy costs are not  substantially slowing the economic growth that fuels oil  demand.
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China's economy continues to expand at a rapid pace, growing 9.5% in 2004 despite government efforts to take it off the boil.
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The expansion unexpectedly accelerated last month to the highest level in more than a year, a sign the economy is strengthening.
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Consumer prices rose 7.1 percent, the largest increase in more than a decade.
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There's more to growth than just a high growth rate.
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The US economy has continued to grow in September and early October, but was hampered by record oil prices, a report from the Federal Reserve has shown.
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Oil prices surged to a new high of $47 a barrel on Wednesday on evidence from major economies that energy costs are not substantially slowing the economic growth that fuels oil demand. Fresh threats by rebel militia in ...
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Oil prices keep climbing but for the moment the economists are sticking to the line that the global and Australian economies will weather the storm.