Former Federal Reserve Chairman Alan Greenspan said the worst of the credit crisis will pass once investors ``fully'' anticipate the likely losses on securities tied to subprime and other mortgages, where defaults have surged.
China's inflation accelerated to the quickest pace in more than 11 years after the worst snowstorms in half a century disrupted food supplies. Consumer prices rose 7.1 percent in January from a year earlier, the statistics bureau said today, after gaining 6.5 percent in December.
Some economists, survyed by a private company, believe that the dollar may extend a two-year decline against the euro on speculation a slowing economy will make U.S. assets less attractive to investors.
