Bernanke keeps door open for rate cut

The Fed chairman's concern over the effects of renewed turmoil in financial markets lent weight to expectations of a rate cut in December.

Speaking in Charlotte, North Carolina, Bernanke said: "The outlook has also been importantly affected over the past month by renewed turbulence in financial markets, which has partially reversed the improvement that occurred in September and October."

While labour market indicators have proved solid, the signals from residential real estate had been weak. "I