Wall Street plunged Tuesday after the Federal Reserve lowered interest rates by a quarter point, disappointing investors who were expecting the central bank to move more aggressively to help the economy overcome the credit and mortgage crisis. ...more

December 11, 2007

Since the Federal Reserve last met in October, credit has become harder to obtain, Wall Street has convulsed again and the housing slump has intensified. And policymakers at the central bank now appear to have changed their minds about the need to drop interest rates again. ...more

December 10, 2007

The global economy should grow soundly this year and next, but the persistence of a credit crunch that has unnerved financial markets worldwide could throw a wrench in the works. ...more

October 18, 2007

A deepening housing slump probably will be a 'significant drag' on economic growth into next year and it will take time for Wall Street to fully recover from a painful credit crisis, Federal Reserve Chairman Ben Bernanke warned Monday. ...more

October 16, 2007

Consumer prices posted a rare decline in August while the battered housing industry saw construction fall to the slowest pace in 12 years. ...more

September 20, 2007

Morgan Stanley on Wednesday said third-quarter profit sank 17 percent, as the No. 2 U.S. investment bank was forced to write down nearly $1 billion in loans amid the global credit crisis. ...more

September 20, 2007

Stocks finished sharply lower Wednesday as a jittery Wall Street sold off on a report showing a large drop in pending home sales and read anecdotal data from the Federal Reserve's regional banks as offering little assurance that an interest rate cut is likely. The Dow Jones industrial average dropped more than 140 points. ...more

September 6, 2007