Interest Rates



  • Average US 30-year loan rate falls to 3.80 percent Thursday, 18 Dec 2014 | 10:26 AM ET

    WASHINGTON— Average U.S. long-term mortgage rates fell this week, with the benchmark 30- year loan rate reaching a new low for the year. Mortgage company Freddie Mac says the nationwide average for a 30- year mortgage dropped to 3.80 percent this week from 3.93 percent last week. It is now at its lowest level since May 2013.

  • NEW YORK, Dec 18- The U.S. dollar rose against major currencies for a second straight session on Thursday after the Federal Reserve signaled it would hike rates next year and the Swiss National Bank's statement that it would introduce negative interest rates. "The dollar strength today is a continuation of the Fed reaction," said currency strategist Vassili...

  • Fed hike plan not rocket science: Liesman  Thursday, 18 Dec 2014 | 10:03 AM ET

    Discussing how the market rally could change the Fed's outlook on interest rates, with Bill Stone, PNC Asset Management Group, and CNBC's Steve Liesman.

  • Santelli: Fed volatility  Thursday, 18 Dec 2014 | 9:45 AM ET

    CNBC's Rick Santelli discusses the latest action in the bond market, and the U.S. dollar.

  • US stocks open higher, building on Fed gains Thursday, 18 Dec 2014 | 9:44 AM ET

    NEW YORK— The U.S. stock market is opening sharply higher, building on gains from the day before after the Federal Reserve indicated it was in no rush to raise interest rates. The market is coming off its biggest one-day rise since October 2013. The Dow Jones industrial average rose 224 points, or 1.3 percent, to 17,580 as of 9:35 a.m. Eastern time Thursday.

  • MOSCOW, Dec 18- Russian firms are scrambling to repay or restructure the terms of foreign currency loans as the rouble's loss of value and an interest rate hike push up the cost of debt servicing. Many Russian companies increased their share of rouble-denominated debts after the 2008-09 financial crisis yet some big businesses still owe large amounts of...

  • FOREX-Interest rate cut shocks Swiss franc lower Thursday, 18 Dec 2014 | 8:00 AM ET

    LONDON, Dec 18- The Swiss franc hit a 28- month trough against the dollar and also fell against the euro on Thursday after the Swiss National Bank said it would introduce negative interest rates to stop further currency appreciation. Against the dollar, the franc fell to 0.9848 francs, a level not seen since August 2012, before recovering to 0.97865 francs, down 0.6...

  • Summers: Surprised people think oil moved stocks Thursday, 18 Dec 2014 | 7:48 AM ET
    Lawrence 'Larry' Summers

    The former Clinton Treasury Secretary tells CNBC he's been taken aback by the perceived connection between oil price weakness and stock declines.

  • Fed's balancing act: Summers  Thursday, 18 Dec 2014 | 7:36 AM ET

    Larry Summers, Harvard University, discusses the Fed's decision to be patient about raising rates and the risk of secular stagnation.

  • *Silver up more than 3 pct; platinum, palladium also rise. LONDON, Dec 18- Gold climbed more than 2 percent on Thursday after the Federal Reserve said it would take a patient approach toward raising interest rates, lifting stock markets and commodities while dampening the dollar. A break of stops above $1,200 an ounce sparked a rally in gold in early European trade,...


  • Fed: No 'anxious' desire to increase rates  Thursday, 18 Dec 2014 | 5:00 AM ET

    Discussing the recent Fed meeting, Tim Speiss, chairman of personal wealth advisors at EisnerAmper, says the central bank appears to be on "a slow and focused process" when raising rates, with no apparent rise until the end of the first quarter of 2015.

  • Swiss central bank imposes negative interest rates Thursday, 18 Dec 2014 | 4:59 AM ET

    BERN, Switzerland— Following the fallout of the slide in the Russian ruble, Switzerland sought Thursday to prevent the Swiss franc from breaching upper limits imposed on the currency by introducing negative interest rates on commercial bank deposits. The move forces commercial banks to pay to deposit their francs with the Swiss National Bank— usually they...

  • LONDON, Dec 18- The Swiss franc hit its lowest against the dollar in more than two years, and touched a two-month trough against the euro, on Thursday after the Swiss National Bank said it would introduce negative interest rates. The Swiss franc weakened to as much as 1.2098 francs per euro on trading platform EBS, pulling away from the SNB's three-year old cap of...

  • US will face an 'inflation scare': Pro  Thursday, 18 Dec 2014 | 1:20 AM ET

    Kully Samra, managing director at Charles Schwab, says inflation in the U.S. will rise faster than expected despite downward pressure on energy prices.

  • TOKYO, Dec 18- Japanese stocks enjoyed their best day in 6-1/ 2 weeks on Thursday after the U.S. Federal Reserve expressed confidence in the U.S. economy and promised a "patient" approach to raising interest rates, boosting Wall Street shares. Exporters Toyota Motor Co and Canon Inc climbed 1.5 percent and 1.7 percent respectively, benefitting from a weaker yen.

  • Why the Fed thinks US economy still needs its help Thursday, 18 Dec 2014 | 12:05 AM ET

    WASHINGTON— If you didn't know about the lingering damage from the Great Recession, the U.S. economy would appear remarkably strong. So the U.S. central bank declared it would be "patient" in deciding when to raise its benchmark rate from a record low, where it's been since December 2008. "There is no preset time," Fed Chair Janet Yellen explained at a news conference.

  • Here's the main takeaway from Fed  Thursday, 18 Dec 2014 | 12:04 AM ET

    Don Hanna, Asia Managing Director at Hanna-Roubini Global Economics, says the Fed's key message is that the labor market, inflation and financial conditions will be key to when the Fed raises interest rates.

  • BEIJING, Dec 18- The slide in the rouble has not had a major impact on China's cross-border foreign exchange flows, an official with the Chinese foreign exchange regulator said on Thursday. The comments come as global markets have been roiled by turmoil in Russia's financial markets, which forced the central bank to hike interest rates 6.5 percentage point in a...