News
Bloomberg | Fed on Hold Longest Since 1940s
Slower expansion means the Fed is unlikely to tighten credit until June 2012, the longest static period since the government forced the central bank to buy Treasuries during the 1940s.
Market Watch | Oil futures drop as U.S. dollar gains
Crude-oil futures dropped Monday, as a stronger dollar and worries about the strength of the U.S. recovery dampened oil’s investment appeal.
Bloomberg | Gold Gains to Two-Week High as Debt, Growth Concerns Spur Investor Demand
Gold climbed for a fifth day in New York, rising to a two-week high, as concerns over Europe’s debt crisis and slowing economic growth spurred demand for the metal as a protection of wealth.
CNN: Money | Pork prices drive Chinese inflation
China's Consumer Price Index -- a broad measure of prices consumers pay for food, housing, clothing and other common expenses -- showed prices rose 6.4% over the last 12 months ending in June, China's National Bureau of Statistics reported Saturday.
Fox News | Talks: Inflation change could cut Social Security
Once considered untouchable, Social Security is now in play in the debt-ceiling negotiations. And that could mean higher income taxes for many U.S. families in addition to shaved benefits for tens of millions of retirees as they age.
