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Markets are awaiting retail sales and industrial production reports on Friday for more conclusive evidence about whether turmoil in those markets has exacted a significant toll on the broader economy.
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The O.E.C.D. said there was considerable uncertainty whether the turmoil in the financial markets had fully run its course.
The Times has long prided itself on its coverage of geopolitics, whether foreign turmoil, Washington infighting or city politics.
The mayor's high visibility — and the near-collapse of two major New York City financial institutions — have stirred discussions among his advisers and outside analysts about whether the turmoil could strengthen the argument for Mr. Bloomberg to overturn the term limits law and serve four more years.
Both the Federal Reserve and Wall Street are scrutinizing economic data in order to determine whether recent turmoil in the financial markets is affecting the real economy.
He and Ballmer have tried to make the case for the role that Yahoo! could play if integrated into the software giant, but people both within Microsoft and certainly outside it have questioned whether the turmoil caused by trying to meld the companies' cultures and technologies would hamper efforts to compete with Google.
It has caught the attention of U.S. Senator Charles Grassley, who has asked the SEC for more information about whether the turmoil is compromising the office's important function.
People face many different types of risk, whether from financial turmoil, crime or natural disasters.
Fed bankers and staff members will now watch to determine whether the housing turmoil bleeds into the broader economy, while also keeping an eye on inflation levels.
Paul Ashworth, chief US economist of Capital Economics, said it was too early yet to speculate whether the market turmoil would delay any rise.
"Looking ahead, the million-dollar question is whether a solid second quarter is the beginning of the end of the German Wirtschaftswunder [economic miracle] and whether recent market turmoil could push the economy back into recession," said Brzeski.
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