CNBC's Steve Liesman clarifies the Fed's statement "until the outlook for the labor market has improved substantially," in regards to ending QE; and Bob Browne, Northern Trust CIO, dissects what the Fed means for the market.» Read More
CNBC's Steve Liesman clarifies the Fed's statement "until the outlook for the labor market has improved substantially," in regards to ending QE; and Bob Browne, Northern Trust CIO, dissects what the Fed means for the market.
Mexico's annual economic growth slumped in early 2013 to its weakest in three years, prompting the government to cut growth estimates and backing expectations of another interest rate cut.
LONDON-- Manchester United says it has refinanced more than $290 million of high-interest debt, cutting the club's interest costs by around $15 million a year. Fresh from winning a 20th English title, United says in a statement to The Associated Press that it has secured a new loan from Bank of America with far lower interest rates.
SEATTLE-- College students in Washington state say they need Congress to give them affordable student loans at a rate they can depend on, instead of a yearly debate on rising interest rates.
U.K. banks are still lending too little to the real economy, according to Andrew Haldane, the BoE's executive director for financial stability.
BEIJING, May 24- China will continue to liberalise interest rates, make the yuan currency more responsive to market forces and more convertible this year, the government said on Friday.
Ed Clark, CEO of TD Bank Group, discusses his company's "solid" quarter, how low interest rates have impacted his business, and what trends he sees in the economy.
WASHINGTON, May 23- The Republican-dominated U.S. House of Representatives on Thursday voted to switch federal student loan interest rates to a market-based system. The White House also threatened on Wednesday to veto the bill, arguing the plan would create uncertainty for students.
As Treasury yields have surged in the month of May, just how much have bond investors lost?
Housing is good but not great and unlikely to be a leading force in a robust recovery, according to a group that is one of the industry's leading voices.
Facing a deadline in which federal loan rates would double for 7 million college students, the House is ready to pass legislation that links student loan rates to the markets.
MADRID-- Spain has had to pay higher interest rates to auction off 4 billion euros in governments bonds as financial markets were unnerved by a sharp drop in global stock markets. Spain's borrowing costs have been falling for months as investors gained confidence in the governments management of its finances and fears of a bailout receded.
The ECB recently set up a task force with the European Investment Bank to assess ways to unblock lending to small- and medium-sized businesses, including promoting a market for ABS based on loans for smaller firms.
BEIJING, May 23- China may remove its floor for interest rates as early as this year or next year at the latest, Chinese media said on Thursday, an important step towards freeing the country's tightly-controlled interest rates market.
Treasury yields are on the rise today, even as stocks plunge, with CNBC's Bob Pisani.
WASHINGTON _ Labor Department releases weekly jobless claims, 8:30 a.m. Eastern. WASHINGTON _ Freddie Mac, the mortgage company, releases weekly mortgage rates, 10 a.m.. WASHINGTON _ Commerce Department releases new home sales for April, 10 a.m..
If it sounds like Fed Chair Ben Bernanke is dancing in his testimony, it's because he is doing rhetorical figure eights in trying to signal where the Fed is going.
Peter Costa, Empire Executions, doesn't think the Fed is going to "do anything different," after listening to Ben Bernanke's testimony today on Capitol Hill.
CNBC's Steve Liesman provides perspective on Fed Chairman Ben Benanke's testimony today at a Joint Economic Committee hearing on the economic outlook.
Fed Chair Ben Bernanke told Congress the U.S. job market remains weak, and it is too soon to end its stimulus. Stocks spiked on his comments.