US economy, consumer hold up, inflation eases (Gulf Times)
NEW YORK: US consumers spent more freely in August, soothing immediate concerns that the housing bust would stall the economy, and inflation eased, helping clear the way for lower interest rates, according to data released yesterday.
More...Colombian Peso Strengthens On Concerns About US Economy (The Forex Market)
BOGOTA (Dow Jones)--The Colombian peso strengthened on Wednesday on expectations by local investors that a slowdown in the U.S. economy may push the U.S. Federal Reserve to cut its benchmark interest rate further.
More...Oil falls on profit taking (Daily Telegraph)
OIL fell overnight as traders took profits from near-record prices and as worries lingered over a slowdown in the US economy.
More...Oil falls on profit-taking (Gulf Times)
NEW YORK: Oil eased yesterday as traders took profits from near-record prices and as worries lingered over a slowdown in the US economy. US crude dipped 15¢ to $82.73 by 1814 GMT, after gaining $2.58, or 3.24%, in the previous session. London Brent crude rose 11¢ to $80.14.
More...US consumers spend freely as inflation eases (Gulf Daily News)
NEW YORK: US consumers spent more freely last month, soothing immediate concerns that the housing bust would stall the economy, and inflation eased, helping clear the way for lower interest rates, according to data released yesterday.
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