Hot sectors in a tepid recovery
The energy, finance, technology and healthcare industries are expected to be the hottest areas for dealmaking in 2010. Full Article | Full Coverage
Fed's Yellen-can't guess when housing slump will end
ALAMEDA, Calif., April 16 (Reuters) - San Francisco Federal Reserve Bank President Janet Yellen said on Wednesday she could not hazard a guess about when the decline in U.S. housing prices would end.
Given the pressure from weak housing and a squeeze on consumer spending from rising energy and food prices, Yellen said she was "not ruling out" a recession in the United States this year.
The ultimate call on recession versus no recession is "largely a technicality," Yellen told reporters after a speech on the aircraft carrier USS Hornet in Alameda, California.
Yellen said a recent trimming in market expectations for the size of potential Fed rate cuts could reflect somewhat more stable conditions in financial markets now compared with when the Fed last met about a month ago.
(Reporting by Ros Krasny, Editing by Chizu Nomiyama,)
