Fed: Economy sinks deeper into rut
The country has sunk deeper into an economic rut, the Federal Reserve reported Wednesday.
Retail sales plunge 1.2 percent in September
Retail sales fell off a cliff in September, plunging by the largest amount in three years as worried consumers shunned the malls and auto showrooms in the midst of the country's financial meltdown.
August inventories up less than expected
Businesses increased their inventories in August by the smallest amount in five months, a possible indication of concerns about the slowing economy.
Stocks plunge anew as Fed reports further weakness
Wall Street is plunging again, with the Dow Jones industrials down more than 500 points as investors agonize over the faltering economy. Stocks are down on a combination of disheartening economic data, including a big drop in retail sales and a Federal Reserve report that says tight credit conditions are hurting businesses across the country.
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The country has sunk deeper into an economic rut, the Federal Reserve reported Wednesday.
Retail sales plunge 1.2 percent in September
Retail sales fell off a cliff in September, plunging by the largest amount in three years as worried consumers shunned the malls and auto showrooms in the midst of the country's financial meltdown.
August inventories up less than expected
Businesses increased their inventories in August by the smallest amount in five months, a possible indication of concerns about the slowing economy.
Stocks plunge anew as Fed reports further weakness
Wall Street is plunging again, with the Dow Jones industrials down more than 500 points as investors agonize over the faltering economy. Stocks are down on a combination of disheartening economic data, including a big drop in retail sales and a Federal Reserve report that says tight credit conditions are hurting businesses across the country.
News from Yahoo News
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