Feeds
Taiwanese leaders sought to ease mounting complaints about the island's slowing economy on Sunday, the latest in a string of public apologies and promises to prop up consumer demand and investment.
Fed Officials Cut 2008 Growth Forecasts to 0.3%-1.2% Bloomberg reports: Federal Reserve officials reduced their projections for economic growth this year by almost a full percentage point and raised their forecasts for inflation amid curtailed bank lending and a record rise in the prices for oil and other commodities.
U.S. Economy: Producer Prices Less Food, Energy Rise Bloomberg reports: Prices paid to U.S. producers, excluding food and fuel, rose twice as much as forecast in April, tightening the profit squeeze as a slowing economy makes it tough for companies to pass on higher costs to consumers.
As Economy Slows, So Do Laser Eye Surgeries - New York TimesAnother sign the economy is slowing: Call it the Lasik indicator. With the weak economy forcing consumers to cut back on discretionary spending, the number of laser vision-correction surgeries has been falling — as it did during the last recession.
Crude Oil Rises to a Record $100.10 on OPEC Production Outlook Bloomberg reports: Crude oil rose to a record $100.10 a barrel in New York on speculation OPEC will cut production when it meets next month.
Log In | Register
