Stocks fall as investors wary of consumer data, Fed decision
NEW YORK - Wall Street pulled back Tuesday after a disappointing reading on consumer sentiment suggested that inflation is taking a toll on the U.S. economy.

Consumer confidence drops in April on inflation, job worries
NEW YORK - Soaring gas prices and weaker job prospects made Americans gloomier about the economy in April, sending a widely watched measure of consumer sentiment to a five-year low, a private research group said Tuesday.

Fed poised to cut rates; may take a break after that
WASHINGTON - The Federal Reserve is poised to deliver another interest rate cut to millions of people and businesses this week, although that could be the last break they get for a while.

Treasurys rise after decline in home prices, consumer moods
NEW YORK - Treasury prices rose Tuesday as investors sought safety following a report of a sharp drop in home prices and a further slide in consumer confidence.

KB Home’s Broad Says Home Prices May Drop Another 20%
April 28 (Bloomberg) — Eli Broad, a philanthropist and co- founder of KB Home, the fifth-largest U.S. homebuilder by revenue, said he expects home prices to drop another 20 percent. “I don’t think we’re anywhere near a bottom in housing,” Broad told Bloomberg TV at the Milken Institute Conference in Beverly Hills, California. “We’re going to have a big inventory of unsold, unoccupied homes that’s going to take three or four years to clear out.”

Oil drops as demand falls amid supply growth expectations
NEW YORK - Oil prices fell sharply Tuesday as the market absorbed data showing demand is falling even as supplies are rising. Gas prices inched higher at the pump, continuing their record-breaking press toward $4 a gallon.

Dollar Slide Drives Budget as Japan Shuns Treasuries
April 28 (Bloomberg) — Add another ailment to the U.S. misery index of soaring gasoline and wheat costs and falling home values: a federal deficit that is burgeoning as foreign investors led by the Japanese recoil from the slumping dollar.