Economic Recovery, Global Financial Crisis | featured news

The Federal Reserve, facing rising global financial strains and recession fears, is poised to increase downward pressure on longer-term interest rates next week in a bid to accelerate a sputtering U.S. recovery.

Central bankers from around the world are starting to focus on how to unwind the policies they used to fight the global financial crisis.

The global economic recovery has begun but sustaining it will require refocusing the United States toward exports and Asia toward imports, the International Monetary Fund's chief economist said.

The country's return to growth is a strong signal that a corner has been turned in the global crisis.

Prices have dropped as traders and investors acknowledge that a global recovery will take longer than hoped.

Investors booked gains on last week’s rally and turned cautious about claims that the global economy is past the worst and ready to recover.

Finance chiefs from the G7 powers said on Friday the global economy may be pulling out of the depths of a recession although recovery was not yet assured, and they pledged to make certain big financial firms are sound.