Interest Rates


  • *Gold rises after biggest two-day loss since October. *Gold fix moved to electronic platform possible. NEW YORK/ LONDON, July 16- Gold rebounded on Wednesday after two consecutive days of sharp losses, but a strong U.S. economic outlook and fears that the Federal Reserve could raise U.S. interest rates limited gains for the safe haven.

  • OTTAWA, July 16- Shrugging off a recent surge in inflation as temporary, the Bank of Canada warned on Wednesday the country's economy does not yet have enough steam to grow without the bank's help and said it could just as easily cut interest rates as raise them.

  • AP Top Extended Financial Headlines At 2:04 p.m. EDT Wednesday, 16 Jul 2014 | 2:04 PM ET

    Fed survey: US economy expanding in all regions of country, helped by consumer spending Apple to pay $400 million to settle e-book price-fixing case unless company prevails in appeal Volkswagen passes General Motors to take second place in global auto sales race Yellen says forcing Fed to follow formula in setting interest rates would be grave mistake Rejected Fox bid for Time Warner underscores mood to consolidate When you die: Proposal gives loved ones access to online accounts unless will says otherwise Workers, union seek to keep 3 endangered Atlantic City casinos open Younger Americans wait to buy homes because of changes in marital status, education and race US stocks rise in afternoon trading on earnings reports; Time Warner soars on Murdoch bid Bank of America's income falls, takes $4 billion of litigation costs; Settles with AIG

  • CNBC's Steve Liesman reports the headlines out of the Federal Reserve's Beige Book.

  • Business events scheduled for Thursday Wednesday, 16 Jul 2014 | 1:58 PM ET

    WASHINGTON— Commerce Department releases housing starts for June, 8:30 a.m.. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.. WASHINGTON— Freddie Mac, the mortgage company, releases weekly mortgage rates, 10 a.m..

  • Yellen rejects move to set up formula for Fed Wednesday, 16 Jul 2014 | 1:18 PM ET

    WASHINGTON— Federal Reserve Chair Janet Yellen said Wednesday it would be a serious mistake for Congress to require the nation's central bank to adopt a formal policy rule to guide its decisions on setting interest rates.

  • NEW YORK, July 16- Billionaire investor Stanley Druckenmiller took another swipe at U.S. central bank policies on Wednesday, warning that continued low interest rates were too risky and could create fresh problems in the years ahead.

  • *Gold steady after biggest 2- day loss since Oct, down 3.3 pct. LONDON, July 16- Gold steadied around 1,300 an ounce on Wednesday as investors found value after two days of losses, but was still trading near a four-week low on a stronger dollar and fears the Federal Reserve could raise U.S. interest rates sooner than expected.

  • OTTAWA, July 16- Shrugging off a recent surge in inflation as temporary, the Bank of Canada held its key overnight interest rate at 1 percent on Wednesday, as expected, and insisted it could just as easily cut rates as raise them.

  • Treasury yields and market speculation Federal Reserve Chair Janet Yellen is leaning toward tightening monetary policy that has kept interest rates at record lows. "We have had some subtly hawkish messages from Janet Yellen," said Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington.

  • Yellen faces House Financial Services     Wednesday, 16 Jul 2014 | 10:01 AM ET

    CNBC's Steve Liesman discusses expectations for Fed Chair Janet Yellen's testimony before the House Financial Services Committee.

  • U.S. mortgage applications fall in latest week -MBA Wednesday, 16 Jul 2014 | 7:00 AM ET

    NEW YORK, July 16- Applications for U.S. home mortgages fell last week as interest rates edged up, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 3.6 percent in the week ended July 11.

  • LONDON, July 16- British workers' earnings grew at the slowest rate on record in the three months to May, one gauge showed, even as unemployment fell further, giving the Bank of England pause for thought as it prepares to start raising interest rates.

  • China to hike rates in 2014?     Wednesday, 16 Jul 2014 | 2:40 AM ET

    Lan Shen, China economist at Standard Chartered, and Eddie Tam, CEO of Central Asset Investments, discuss the outlook for the Chinese economy and the possibility of a rate hike this year.

  • What Yellen said on junk bonds isn’t what markets heard Wednesday, 16 Jul 2014 | 2:20 AM ET

    Tech shares sold off Tuesday after Fed Chief Yellen said some valuations were "stretched," but similar comments on high-yield bonds got a yawn.

  • SINGAPORE, July 16- Gold retained two days of losses to trade near a four-week low on Wednesday, below $1,300 an ounce, on a stronger dollar and fears that the Federal Reserve could hike U.S. interest rates sooner than expected.

  • How the Dow Jones industrial average did Tuesday Tuesday, 15 Jul 2014 | 4:43 PM ET

    Stock ended mostly lower Tuesday as investors considered a new set of corporate earnings and the Federal Reserve's latest assessment of the U.S. economy. In remarks to Congress, Fed Chair Janet Yellen raised the possibility the Fed could raise its key short-term interest rate sooner than currently projected.

  • NEW YORK, July 15- The bond market traded in a narrow range on Tuesday, absorbing Federal Reserve Chair Janet Yellen's message that the U.S. economic recovery remains incomplete and early signs of a pick-up in inflation are not enough to accelerate anticipated interest rate increases.

  • Where Fed fears asset bubbles     Tuesday, 15 Jul 2014 | 11:38 AM ET

    Sen.Tom Coburn, (R-Okla.), asks Fed Chair Janet Yellen to explain how the Fed plans to approach asset bubbles in the marketplace. Yellen says we are seeing deterioration in lending standards.

  • Fed Chair Janet Yellen explains why she thinks it would be a terrible mistake for the Fed to apply specific mathematical rules to inflation and employment.