The consumer price index normally tracking inflation now shows deflation. To some forecasters, this signals recession, meaning that central banks will be keeping interest rates low.
US home construction plunges in May after government incentives end, indicating the economic recovery won't be helped by the housing industry.
Members of Congress began work Tuesday to resolve differences in the House and Senate versions of financial reform legislation.
It's still a good time to buy. The end of tax credits and foreclosures will help keep home prices down.
Government stimulus has powered much of the economic recovery so far, the Fed's Bernanke says. Can the private sector take over?
The Fed's Ben Bernanke said Wednesday the US economy will grow this year but not fast enough to make big inroads in the unemployment rate. He signaled that interest rates are likely to remain low.