Fred Harteis News Articles - Consumer prices fell at the fastest rate on record in November while home construction plunged nearly 20 percent in a single month, skidding to its lowest levels in 50 years, according to new government data that shows further weakness in the ailing economy.
The reports on Tuesday morning heightened investors’ expectations that the Federal Reserve would cut its target overnight interest rate to 0.5 percent, from 1 percent, later in the day. Financial markets in New York opened higher as investors awaited a 2:15 ... more »
