Charles Evans, a leading Federal Reserve policymaker, has called on Ben Bernanke to issue further monetary stimulus as inflation higher than the 2% target would not be a "catastrophe".
The International Monetary Fund has slashed its growth forecast from 2.5% two months ago to 1.6%, according to Italian news agency ANSA.
The recent severe global market sell-off has stemmed from a number of legitimate investor concerns.
Simon Scott-White of Charles Stanley says Oxford Catalysts is worth a punt for those with the nerve.
Legg Mason is expanding its retail range for UK investors with the launch of a US equity income fund, previously only available to US investors and run by New York-based subsidiary ClearBridge Advisors.
Moody's downgrade of Japan's credit rating last week came as no shock to markets, while economists warned the appreciation of the yen is a more crucial issue for the country.
Janus Capital's John Eisinger is doubling his exposure to value stocks although they have dragged on performance, as he said more QE would not be enough to rescue US growth prospects.
US Federal Reserve chairman Ben Bernanke is gearing up to deliver a key speech on the ailing US economy today - with markets looking on for hints of further stimulus.
Shares in Bank of America closed almost 10% higher overnight after Warren Buffett pledged to take a $5bn stake in the firm, which may have already netted him a $1.3bn profit.