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    U.S. Economy Headlines
    Fed seen holding rates steady as growth stumbles (Reuters)

    Police officer Joseph Washington secures the area near the Federal Reserve Building in Washington June 25, 2008. (Yuri Gripas/Reuters)Reuters - The U.S. Federal Reserve on Tuesday is expected to hold interest rates steady as dismal housing markets and tight credit weigh on the economy, while it signals lingering inflation concerns despite lower oil prices.


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    Tue, 05 Aug 2008 04:14:41 GMT - Yahoo! News: Economy News
    Sen. Levin to Fed: More credit card rules needed (AP)
    AP - The chairman of the Senate's investigations subcommittee said Monday he supports the Federal Reserve's proposed restrictions on credit card practices, but that the rules don't go far enough. -- read full article
    Tue, 05 Aug 2008 04:33:34 GMT - Yahoo! News: Economy News
    No change expected in Fed interest rates (AP)

    In this July 10, 2008, file photo, Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington, before the House Financial Services Committee hearing on systemic risk and the financial markets. Straddling risky economic crosscurrents, the Federal Reserve is widely expected to take a gamble that its best move on interest rates is no move at all. (AP Photo/Manuel Balce Ceneta, File)AP - The Federal Reserve, caught between mounting job losses and rising inflation, is likely to sit tight and hope that the interest rate cuts it has already provided will be enough to heal a sick economy.


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    Tue, 05 Aug 2008 08:23:26 GMT - Yahoo! News: Economy News
    Stagflation stifles Fed, ECB, BoE (Reuters)
    Reuters - The specter of stagflation will likely keep the U.S. Federal Reserve, the European Central Bank, and the Bank of England from changing short term interest rates this week, and their hands may be tied for some time as economic growth slows but inflation remains high. -- read full article
    Mon, 04 Aug 2008 10:18:10 GMT - Yahoo! News: Economy News
    In US, gas prices mean more riders, fewer buses (AP)

    Jill Cooper, right, holds her 3-year-old son, Wyatt, as a Regional Transportation Distirct light rail train arrives at the Broadway station in south Denver in this file photograph taken on Sunday, Nov. 19, 2006. Faced with an increase in ridership, RTD officials have looked to cut routes, which has triggered protests from users of the transportation system. People are using public transportation more than ever, but higher fuel costs — and lower sales tax revenues — are forcing them to trim routes, sometimes at the very expense of people who increasingly depend on them. (AP Photo/David Zalubowski, file)AP - High gas prices almost killed the lifeline to the city for a group of mountain commuters.


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    Mon, 04 Aug 2008 11:11:29 GMT - Yahoo! News: Economy News
    Stocks pull off lows as oil falls sharply (AP)

    A storefront on the corner of 42nd St. and Fifth Ave. is covered in plywood sheets on Friday, Aug. 1, 2008 in New York. The city is suspended in a moment of bug-eyed worry as it starts to feel the downward tug of financial woes on Wall Street and other troubling economic trends. (AP Photo/Mark Lennihan)AP - Stocks pulled off their lows Monday after a big drop in oil prices offset some of investors' concerns about a government report on inflation.


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    Mon, 04 Aug 2008 18:47:15 GMT - Yahoo! News: Economy News
    July planned layoffs rise 26 percent vs June: survey (Reuters)

    Job seekers waits in line outside a Monster.com job fair in Los Angeles, California July 23, 2008. REUTERS/Fred ProuserReuters - Planned layoffs at U.S. companies jumped 26 percent in July from June, depicting further deterioration in the labor market, a report showed on Monday.


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    Mon, 04 Aug 2008 13:38:54 GMT - Yahoo! News: Economy News
    Factory orders post biggest increase in 6 months (AP)
    AP - Orders to U.S. factories shot up at the fastest pace in six months in June, reflecting big increases in petroleum prices and heavy demand for military equipment. -- read full article
    Mon, 04 Aug 2008 14:47:46 GMT - Yahoo! News: Economy News
    June inflation jumps, incomes barely rise (Reuters)

    A woman shops at the Macy's store at a mall in a Denver suburb May 16, 2008. (Rick Wilking/Reuters)Reuters - Consumer prices jumped at the sharpest rate in more than a quarter century during June, and consumers coping with soaring costs received their smallest income gain in a year, the government said on Monday.


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    Mon, 04 Aug 2008 15:37:05 GMT - Yahoo! News: Economy News
    Lease or buy? Tough market complicates choice (AP)
    AP - The decision-making process on whether to lease or buy a car has been altered by automakers' scaling back their leasing operations under pressure from high gas prices, making leases less available and much more expensive in many cases. -- read full article
    Mon, 04 Aug 2008 16:29:23 GMT - Yahoo! News: Economy News
    Car leasing's fall means cost climb for consumers (AP)

    In this June 22, 2008 file photo, unsold 2008 Liberty sports-utility vehicles sit at a Chrysler-Jeep dealership in the southeast Denver suburb of Centennial, Colo.  A shakeout in the auto leasing industry that revved up with Chrysler's exit from the leasing business last week is expected to be felt quickly by consumers who enjoy switching vehicles every two or three years without down payments or other ownership obligations. (AP Photo/David Zalubowski)AP - Just when motorists were starting to adjust to exorbitant gas prices, they face the prospect of much higher costs, fewer choices and a dearth of financing options if they want to lease their next car.


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    Mon, 04 Aug 2008 16:34:13 GMT - Yahoo! News: Economy News
    In a shift, Obama says tap oil reserves (Reuters)

    Democratic presidential candidate Senator Barack Obama addresses the audience during a campaign stop at the Lansing Center in Lansing, Michigan August 4, 2008. (Rebecca Cook/Reuters)Reuters - Barack Obama proposed on Monday tapping the strategic oil reserve to help lower gas prices, a reversal of an earlier stance, and called rival John McCain a tool of big oil companies as rising energy costs took center stage in the U.S. presidential campaign.


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    Mon, 04 Aug 2008 17:35:39 GMT - Yahoo! News: Economy News
    Rising prices beat down consumer spending in June (AP)

    John Wallace and his wife Margot shop at Cabela's, a store located outside Interstate 80 west of Omaha, Neb., Thursday, July 24, 2008. Consumer spending is down and gas prices are up. That's bad math for the scores of destination retailers across the country that want customers to fill up the tank for a gas-guzzling day of retail therapy. (AP Photo/Nati Harnik)AP - Consumer spending, after adjusting for inflation, fell in June as shoppers were hit with the second biggest increase in prices in nearly three decades.


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    Mon, 04 Aug 2008 18:45:02 GMT - Yahoo! News: Economy News
    Americans try to see the bright side of high gas prices (AFP)

    A cyclist makes his way down Broadway in Manhattan Some Americans are finding that while high oil prices leave them with a slimmer wallet, it could also leave them with slimmer waists as they forsake their cars and take to their bikes, public transportation or feet to get around(AFP/Getty Images/Mario Tama)AFP - Some Americans are finding that while high oil prices leave them with a slimmer wallet, it could also leave them with slimmer waists as they forsake their cars and take to their bikes, public transportation or feet to get around.


    -- read full article
    Mon, 04 Aug 2008 03:39:21 GMT - Yahoo! News: Economy News
    In US, gas prices mean more riders, fewer buses (AP)

    Jill Cooper, right, holds her 3-year-old son, Wyatt, as a Regional Transportation Distirct light rail train arrives at the Broadway station in south Denver in this file photograph taken on Sunday, Nov. 19, 2006. Faced with an increase in ridership, RTD officials have looked to cut routes, which has triggered protests from users of the transportation system. People are using public transportation more than ever, but higher fuel costs — and lower sales tax revenues — are forcing them to trim routes, sometimes at the very expense of people who increasingly depend on them. (AP Photo/David Zalubowski, file)AP - High gas prices almost killed the lifeline to the city for a group of mountain commuters.


    -- read full article
    Mon, 04 Aug 2008 08:54:12 GMT - Yahoo! News: Economy News
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