S&P revised the outlook on Illinois' A-minus credit rating to developing from negative due to the state's passage of the pension reform.» Read More
In a move that shocked the nation and the world, the Reserve Bank of Australia raised interest rates 25 basis points to 4.75% and the Australian dollar has broken parity with the US dollar...Clearly, the Australian central bankers are operating from a different model than the United States.
The Federal Reserve is all but certain to move to spur the nation’s sputtering recovery this Wednesday, but most economists say it is unlikely to have a big impact on employment and growth.
The expected prospect of a Republican takeover of the House, and possibly the Senate, would be welcomed by the banks, who want a break from the regulatory push, the New York Times reports.
The new buzzwords – Quantitative Easing – have been added to the alphabet soup of remedies for our still ailing economy. The quick fix “QE” recipe consists of the Fed buying bonds and flooding the economy with the proceeds in the hope that more money will inspire the recipients to spend the dough and thus get the economy off its rump.
Market participants are virtually certain that the Federal Reserve will announce a substantial amount of asset purchases at the conclusion of its November meeting on Wednesday, according to the latest CNBC Fed Survey.
American policy makers have long been confident, even during the darkest days of the current financial crisis, that the United States could avoid the fate of Japan and its two lost decades. But that has changed, reports the New York Times.
The Federal Reserve is all but certain next week to begin a multibillion-dollar effort to coax the recovery along, but privately, Ben S. Bernanke, the chairman, worries that more is needed to turn the sluggish economy around and revive employment, reports the New York Times.
The Dodd-Frank financial reform law is prolonging the recession, according to Blackstone founder Steve Schwarzman.
As the new mix of Democrats and Republicans begins to posture and parry with each other, we hope that they will focus quickly on crucial matters at hand. If the Federal Reserve continues to believe that additional monetary accommodation is necessary to sustain economic growth, then it makes NO economic sense to engage in contractionary fiscal policy.
Ben Bernanke is sending a loud and clear message to the markets today.
“The Night Of The Living Fed.” That’s the title of a note from Jeremy Grantham, chief investment strategist at Grantham Mayo Van Otterloo & Co., that everyone is talking about today.
Stocks sold off in the final hour of trading but ended higher at the highest levels since late April, as the dollar slid. Worries about the foreclosure crisis continued to temper overall market gains. DuPont and Kraft rose, while BofA and JPMorgan fell.
Stocks pared gains but remained higher Monday as the weak dollar boosted materials, but big banks slumped following the continued fallout of the foreclosure crisis, tempering overall market gains. DuPont and Alcoa rose, while Bank of America and JPMorgan fell.
Stocks gained as a slide in the dollar boosted materials stocks, but a drop in financial stocks due to the continued fallout of the foreclosure crisis tempered gains. Alcoa and DuPont rose, while Bank of America and JPMorgan fell.
U.S. stock index futures pointed to a higher open Monday after the weekend's meeting of the group of twenty nations did little to change the downward trajectory of the dollar.
It's the $500 billion dollar question. Just how high will QE2 push the stock market and what's already baked in? New research may be quite telling.
Right now the US should export more and rely less on internal consumer spending. China should export less and encourage consumer spending.
Find out why the bulls could be facing serious headwinds for the next 10 days.
Traders beware. Treasury man Tim Geithner appears to be setting up a two-sided dollar trade. The dollar could go up, not just down.
The falling dollar is on most everybody’s mind, especially in financial markets here at home and globally. A currency war? World protectionism? Race to the bottom?