Interest Rates


  • Pimco's McCulley: Yellen faces big challenge Thursday, 11 Sep 2014 | 5:11 PM ET
    Paul McCulley, chief economist of Pimco, is shown at the firm's headquarters in Newport Beach, Calif.

    The Fed wants to raise interest rates, but this is Janet Yellen's big challenge, Pimco's Paul McCulley said.

  • Treasury sold $13 billion in 30- year bonds to solid demand. "If it comes in stronger, the market will continue to ignore weak payrolls and focus on all the positive data we've seen," said Richard Gilhooly, an interest rate strategist at TD Securities in New York.

  • Stocks close mixed; Health care companies sink Thursday, 11 Sep 2014 | 4:08 PM ET

    NEW YORK— U.S. stocks are ending mixed as traders consider the outlook for interest rates, the latest sanctions against Russia and volatile energy prices. Health care stocks, the year's biggest gainers, fell back. The Dow Jones industrial average fell 19 points, or 0.1 percent, to close at 17,049 Thursday.

  • Business events scheduled for the coming week Thursday, 11 Sep 2014 | 2:07 PM ET

    WASHINGTON— Labor Department releases the Producer Price Index for August, 8:30 a.m.; Federal Reserve policymakers begin a two-day meeting to set interest rates.

  • NEW YORK, Sept 11- European stocks closed near a one-week low on Thursday and the dollar slipped against the euro after data showed more Americans tapping unemployment benefits, muddying the outlook for when the U.S. central bank might raise interest rates. The timing of an expected rate hike in the United States has become a central question for global markets.

  • US average rate on 30-year home loan 4.12 percent Thursday, 11 Sep 2014 | 1:14 PM ET

    Average long-term U.S. mortgage rates rose slightly this week.

  • Average US 30-year mortgage rate at 4.12 percent Thursday, 11 Sep 2014 | 10:07 AM ET

    WASHINGTON— Average long-term U.S. mortgage rates rose slightly this week but remained near their lows for the year. Mortgage company Freddie Mac said Thursday the nationwide average for a 30- year loan edged up to 4.12 percent from 4.10 percent last week, where it had stayed for three straight weeks.

  • *Most analysts expect central bank to hold lending rate at 8 pct. *Rate hike possible as food import ban boosts inflation. MOSCOW, Sept 11- Russia's central bank is likely to leave its main interest rate unchanged on Friday to support the weak economy, although there is a small chance it could opt for a hike to clamp down on high inflation, economists say.

  • What's moving markets now?     Thursday, 11 Sep 2014 | 8:03 AM ET

    Martin Sass, MD Sass chairman & CEO, provides his outlook on the markets and the upcoming Federal Reserve meeting.

  • Banks and investors have already criticized Europe for diverging from agreed international standards and have warned that the European proposal could increase the cost of trading over-the-counter derivatives, such as interest rate swaps, in Asia by hundreds of billions of dollars, threatening systemic stability and potentially forcing EU banks out of the Asian OTC derivatives markets.

  • Philippine central bank raises interest rates Thursday, 11 Sep 2014 | 7:17 AM ET

    MANILA, Philippines— The Philippine central bank raised key interest rates by a quarter percentage point Thursday for the second time in six weeks to stifle inflation. The bank's Monetary Board raised the rate it charges commercial banks for overnight borrowing to 6.0 percent and the rate it pays lenders for overnight deposits to 4 percent.

  • Stick with US stocks: Pro     Thursday, 11 Sep 2014 | 6:38 AM ET

    Julian Emanuel, UBS, and Michael Tyler, Eastern Bank Wealth Management, share their outlook on the markets. The U.S. equity markets are still reasonably valued, says Tyler.

  • Time for Fed to turn more hawkish: Pro     Thursday, 11 Sep 2014 | 6:35 AM ET

    Julian Emanuel, UBS, and Michael Tyler, Eastern Bank Wealth Management, discuss the prospect of the Fed tightening its monetary policy.

  • Asia stocks muted; Tokyo rises as yen extends fall Thursday, 11 Sep 2014 | 1:16 AM ET

    NEW YORK— U.S. stocks were mixed Thursday afternoon as investors mulled the outlook for interest rates, the latest sanctions against Russia and volatile energy prices. KEEPING SCORE: The Standard& Poor's 500 index rose a point, or less than 0.1 percent, to 1,996 as of 3:47 p.m. Eastern.

  • SINGAPORE, Sept 11- Gold was trading near its lowest level in three months on Thursday, hit by fears of an early hike in U.S interest rates, a stronger dollar and an apparent easing of tensions over the Ukraine. *Spot gold was little changed at $1,248.95 an ounce by 0030 GMT, after dropping 0.6 percent on Wednesday, when it hit a three-month low of $1,243.56.

  • NEW YORK, Sept 10- U.S. stocks rose on Wednesday, helped by a rebound in Apple shares, while expectations for a stronger economy and thus higher interest rates from the Federal Reserve boosted the dollar to a six-year high against the yen. Worries over a vote for Scottish independence, scheduled for Sept. 18, spooked investors in Europe, where shares closed flat.

  • Sept 10- Federal Reserve policymakers are retooling their strategy for raising short-term interest rates, trimming the U.S. central bank's swollen balance sheet and eventually returning monetary policy to a more normal setting. A lot has changed since they first agreed on a set of "exit strategy principles" in June 2011.

  • NEW YORK, Sept 10- Applications for U.S. home mortgages fell last week to the lowest since December 2000 as interest rates rose for the first time in four weeks, an industry group said on Wednesday.r.

  • NEW YORK, Sept 10- U.S. stock prices fell on Wednesday on growing bets the Federal Reserve may raise interest rates faster than previously thought, while anxiety over whether Scotland might break off from the United Kingdom unnerved investors in Europe, hurting sterling and boosting the dollar.

  • Chasing US dollar higher     Wednesday, 10 Sep 2014 | 10:17 AM ET

    Discussing if strength in the U.S. dollar will cause the Fed to accelerate raising interest rates, with Michael Cuggino, Permanent Portfolio Funds president, and Kevin Caron, Stifel Private Client Group market strategist.