Housing slump seen as drag on US economy Business Times - Malaysia, Malaysia - WASHINGTON: The US housing slump will weaken the economy more than previously forecast, prompting the Federal Reserve (Fed) to reduce interest rates by June, a ...

Consumer prices, helped by big declines in gasoline and other energy products, fell in September by the largest amount in 10 months.

A closely-watched gauge of future economic activity slipped in August, suggesting that the U.S. economy is cooling.