Markets Confused by Mixed Economic Signals
Oil prices are rising at same time that the Federal Reserve has cut interest rates, leaving the markets wondering which way the economy is headed. America's economic health may rest on the ability of the housing market to stabilize or rebound.
New York Times columnist Joe Nocera speaks with Scott Simon about this week's conflicting economic indicators.
Related NPR Stories
Employers Add 166,000 Jobs in October Nov. 2, 2007
Discharged Debt Becomes Cottage Industry Nov. 2, 2007
'Marketplace' Report: More Cuts from the Fed Oct. 31, 2007
Fed Lowers Funds Rate by Quarter Point Oct. 31, 2007
Economy Demonstrates Vigor Despite Credit Woes Oct. 31, 2007
Homeowners Looking to Sell Face Tough Market Oct. 31, 2007