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The Federal Reserve is still expected to lower benchmark borrowing costs later today despite unexpected signs of strength in the economy.
Fed policy-makers began meeting as financial markets continued to bet that the central bank will cut interest rates to shore up the faltering housing and credit markets.
The United States is strongly committed to a strong U.S. dollar and financial markets there are recovering from the subprime loan crisis even if the housing market has yet to touch bottom, U.S. Treasury Secretary Henry Paulson said on Tuesday.
The Federal Reserve is expected to lower interest rates again this week as insurance against the threat that declining home prices and higher borrowing costs will push the economy into recession.
A Federal Reserve interest rate cut this week is no sure thing and officials are not seriously considering a half-point reduction in overnight rates, the Wall Street Journal reported on Tuesday without citing sources.
Now that I'm back at my computer I see you've been responding to all kinds of Funny Business posts...(though I'm still honoring the reader-requested moratorium on Ann Coulter feedback). Check out this link about Angelo Mozilo and Ben Bernanke which made me laugh. Thanks to Ed L. for forwarding it.
As investors wait with bated breath about whether the fed will cut rates, soaring oil prices were the week’s topic du jour.
Orders for big-ticket manufactured goods unexpectedly fell again in September, raising new worries about how much harm a severe housing slump and credit crunch are causing the overall economy.
The U.S. economy still faces pressure from a drawn-out housing-market slowdown but will "probably not" slip into recession as a result, former Federal Reserve Chairman Alan Greenspan said Tuesday.
You may or may not have heard, Rep. Barney Frank (D-MA), the chairman of the House Financial Services Committee, announced his legislation for mortgage lending reform today. This is expected to be the bill that will or will not change the way the mortgage business does business.
Marc Faber, editor and publisher of The Gloom, Boom & Doom Report, thinks the worst is yet to come for the global economy. Appearing on CNBC's "Squawk Box," the economist and managing director of Marc Faber Ltd., explained his bearish outlook -- and offered advice for how to play a glum market.
Hedge fund legend Julian Robertson said he expects the U.S. economy is heading for a "doozy of a recession."
Some G7 meetings have come and gone entirely under the radar, but this weekend's meeting of the Group of Seven's (G7) finance ministers is getting lots of attention because of recent market turmoil and the weakening dollar.
Federal Reserve policymakers weigh a broad range of economic scenarios to determine the right moves on interest rates during times of uncertainty, Fed Chairman Ben Bernanke said Friday.
Federal Reserve policy maker Thomas Hoenig said on Wednesday he was open minded about the future direction of U.S. interest rates but was on alert for fallout from financial market woes.
Here's what we have today: 1) Fed Beige Book a little more downbeat, talking about slower growth and softer consumer, but noting that global growth remains strong.
Groundbreaking for new homes and permits for future building both hit a 14-year low last month, reviving worry about a deepening housing slump and fueling hopes for more interest-rate cuts.
The summary of the Beige Book released by the Federal Reserve prepared at the Federal Reserve Bank of Dallas and based on information collected on or before October 5, 2007.
Wall Street will try to shake off its housing induced malaise on Wednesday, with the help of some good earnings news from the tech world. But key inflation and housing data and another batch of major earnings before the bell will be play a big role in deciding the course for stocks.