AFP - Former Federal Reserve chairman Alan Greenspan told the Latin American Economic Forum here Friday that he sees a reduced possibility of a deep recession in the United States.

Reuters - Stocks closed higher on Friday, helped by a government report that showed underlying price pressures rose moderately in May, easing fears that inflation would force a near-term rise in interest rates.

Reuters - Soaring gasoline prices helped drive up U.S. consumer prices in May at the fastest rate in six months, the government said on Friday, but core prices remained tame, easing inflation fears in financial markets.

Reuters - Former U.S. Federal Reserve Chairman Alan Greenspan said on Friday the Fed will have to tighten monetary policy to put a brake on inflation, adding that the worst of the credit crisis may have passed.

Reuters - Between chewing sauce-slathered ribs and corn on the cob, the neighbors and relatives of Wall Street's top prognosticators had one thing on their mind this past Memorial Day: gasoline prices.

AP - Soaring energy costs pushed inflation up in May at the fastest pace in six months. Food costs kept rising, too, and all signs are pointing to more bad news on gasoline, oil and food in the months ahead.

AFP - US Treasury Secretary Henry Paulson said Saturday a strong dollar was in his nation's interests and solid US economic fundamentals would support the currency in the long term.

Reuters - Higher costs for gasoline and food again put pressure on a key gauge of retail inflation in May, according to economists polled by Reuters ahead of Friday's release of the monthly consumer price index.

AP - Stocks advanced for a second session Friday after government readings on inflation and a decline in oil prices helped contain some worries about the effect of rising prices on strapped consumers. The Dow Jones industrial average rose more than 70 points, but was well off its highs of the day.

Reuters - Soaring gasoline prices helped drive up U.S. consumer prices in May at the fastest rate in six months, the government said on Friday, but core prices remained tame, easing inflation fears in financial markets.

Reuters - Stocks rose on Friday, helped by a government report that showed underlying price pressures rose moderately in May, easing fears that inflation would force a near-term rise in interest rates.

AP - The inflation rate shot up in May at the fastest pace in six months, pushed higher by soaring costs for gasoline and other types of energy.

AP - Oil prices pulled back Friday after OPEC questioned whether crude can remain so high through the rest of the year and the dollar gained against the euro. Meanwhile, U.S. filling station operators pushed average gas prices deeper into record territory.