Bernanke sees core inflation edging lower

11:40 am ET Jul 18, 2007

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Bernanke sees core inflation edging lower

WASHINGTON
Core inflation should edge down a bit over the next year and a half, as
inflation expectations remain contained, energy prices flatten out and
pressures from the labor and product market diminish, Federal Reserve
board chairman Ben Bernanke said Wednesday.

FundWatch: Fund managers say credit risk poses biggest threat

LONDON
Credit risk poses the greatest threat to financial-market stability,
according to Merrill Lynch's latest fund manager survey on Wednesday.

Market Snapshot: U.S. stocks fall sharply amid subprime, earnings woes

NEW YORK
U.S. stocks fell sharply Wednesday, halting a run that propelled the Dow
Jones Industrial Average to a new record Tuesday, as woes from risky
home loans resurfaced and earnings from Intel Corp., Pfizer Inc., and
Yahoo Inc., disappointed investors.

Intel's profit up 44%, but stock falls on margin worries

SAN FRANCISCO
Intel Corp. shares lost some momentum Wednesday after the world's
largest chipmaker reported that solid personal-computer and server chip
shipments in the second quarter were undercut by weaker prices.