The Fed is still months away from beginning the process of scaling back its $85 billion a month bond-buying program, JPMorgan Chief Economist Bruce Kasman tells CNBC.» Read More
The Fed is still months away from beginning the process of scaling back its $85 billion a month bond-buying program, JPMorgan Chief Economist Bruce Kasman tells CNBC.
John Lynch, Wells Fargo Private Bank, and Mark Lehmann, JMP Securities, discuss what's likely driving the recent rally, and what they hope to hear from the Fed's Bernanke when he testifies later this morning on Capitol Hill.
HORSHAM, Pa.-- Toll Brothers' second-quarter earnings jumped 46 percent as a rebounding economy and low interest rates drove sales at the luxury home builder. The Horsham, Pa., company said the average price of homes delivered climbed 3.6 percent in the quarter to $577,000 compared with last year.
NEW YORK, May 22- Applications for U.S. home mortgages dropped for a second week in a row last week as a spike in interest rates stymied demand for refinancing, data from an industry group showed on Wednesday.
The Bank of Japan's plan to double the country's money supply over the next two years has put the spotlight back on the global carry trade. We've identified some of the biggest carry trades based on either the interest rate differential or their popularity.
WASHINGTON, May 21- The pension gap at U.S. not-for-profit hospitals is growing, according to a Moody's Investors Service report released on Tuesday that found the low interest rate environment is contributing to the shortfall.
WASHINGTON _ National Association of Realtors releases existing home sales for April, 10 a.m. Eastern. WASHINGTON _ Federal Reserve releases minutes from April interest-rate meeting. WASHINGTON _ Federal Reserve Chairman Ben Bernanke testifies about the economy before the Joint Economic Committee.
The New York Democrat announced Sunday the Federal Student Loan Refinancing Act, a bill that would lower interest rates for many student borrowers currently repaying their federal student loans. Gillibrand said she will introduce the bill in the Senate this week. There are 2.7 million borrowers in New York and 37 million nationwide.
Daniel Arbess, Perella Weinberg Partners, explains why he believes the Fed's monetary policy is the only game in town for now, and reveals why he sees strong positives in housing and energy.
Dallas Federal Reserve President Richard Fisher, reveals his outlook on jobs and the U.S. economy.
Dallas Federal Reserve President Richard Fisher explains the importance of simplifying bank regulations.
"It's a constant evaluative process," says Dallas Federal Reserve President Richard Fisher, discussing how central bankers are able to gauge the success of its monetary policy.
"But the boats are still tied to the dock," says Dallas Federal Reserve President Richard Fisher." Adding, "we have not seen the type of robust job creation that we would like to see," discussing Fed's monetary policy.
Alexandra Lebenthal, President and CEO of Lebenthal & Co, provides a strategy for investors to bank profits when the Fed begins winding down its bond-buying policies.
Jonathan Compton, managing director at Bedlam Asset Management, explains why he expects the European equity rally to continue in the long-term.
CHICAGO, May 17- The Federal Reserve has not done enough to lower U.S. borrowing costs to boost economic growth, a top Fed official said on Friday, citing his outlook for overly low inflation and overly high unemployment over the next two to three years.
MEXICO CITY, May 17- 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.
Narayana Kocherlakota of the Minneapolis Fed says the FOMC still has not lowered the "real" interest rate sufficiently, reports CNBC's Steve Liesman.
MEXICO CITY, May 17- Mexico's annual growth slumped sharply at the start of 2013 to its weakest in three years despite unexpected strength in the services sector, backing expectations of a further interest rate cut later in 2013..
*Spain, Italian yields extend fall after supply this week. *Spain to auction more bonds next week. LONDON, May 17- German Bunds hit one-week highs on Friday, with traders citing talk the European Central Bank was checking with some banks whether they were ready for a potential cut in its deposit rate to below zero.