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WSJ.com: Economy


Wholesale Inventories Build Up
Wholesalers' inventories rose 1.1% in December, the highest rate in more than a year, as sales plunged, a worrisome sign that unsold goods were piling up on shelves as the economy braked.

Gutierrez Sees Slower Growth Rate
Commerce Secretary Gutierrez said the U.S.'s economic growth rate is expected to slow in the first half of 2008, but it is likely to recover in the second quarter. He said sustained high oil prices pose a significant problem for the U.S.

Lookahead: Talking Feds
Federal Reserve Chairman Ben Bernanke visits the Senate next week to discuss what lessons regulators can take away from the credit crunch. But markets will be watching to see whether the central bank chief tips his hand on interest rates.

Inflation Concerns Weigh on Fed's Next Move
Inflation concerns are rising among some Fed officials, indicating the magnitude of their next move may be a matter of contention.

Credit-Card Spree May Be Ending
Credit-card delinquencies are rising across the nation, a sign that some Americans are at the end of their rope financially. The result could be a sharp pullback in consumer spending that would further weaken the U.S. economy.

More Economists Signal Recession
A growing chorus of economists says a recession has begun, as signs of a weakening economy proliferate.

Congress Approves Stimulus Bill
Congress approved a $168 billion stimulus plan, paving the way for over 135 million households to receive rebate checks, after the Senate agreed to a compromise that closely mirrored the House bill.

January Sales Go Cold
Retailers turned in their worst monthly sales results in nearly five years as big chains gird for a prolonged slowdown. Many are using the Internet to sell to shoppers abroad.

Housing Supply Rises Slightly
The supply of homes available for sale in most metropolitan areas rose only slightly in January.

Continuing Home-Sale Weakness
Pending home sales fell in December, signaling more softness ahead for the housing market. Meanwhile, jobless claims dropped in the latest week.