NEW YORK, July 22- The dollar rose on Tuesday as U.S. bond yields stood firm on the view that the world's biggest economy is expanding enough for the Federal Reserve to raise interest rates next year despite data showing a mild rise in domestic prices in June.» Read More
The big winner of the Obama financial-regulation plan appears to be the Federal Reserve, which becomes the consolidated supervisor of large, systemically important banks.
Bank of England Governor Mervyn King set out the bank’s stimulus and interest rate exit strategy on Wednesday, in preparation of an economic turnaround and higher inflation.
Is it just me, or does anyone else find the weekly mortgage applications survey from the Mortgage Bankers Association particularly troubling today? I’ve been watching this indicator closely over the last few weeks, as mortgage interest rates rose. I of course expected refis to fall, and they did, and they continue to fall, bringing down the total number.
Federal Reserve Chairman Ben Bernanke on Wednesday urged financial institutions that specialize in community development and banking to the poor to take steps to ensure they emerge from the financial crisis stronger.
President Obama told CNBC the US is not in danger of overregulating the economy and that the Iranian election won't make that much difference in his adminstration's policies toward that country.
President Barack Obama said on Tuesday that auto, beef and other trade issues with South Korea must be resolved before he will ask Congress to vote on a two-year-old free trade agreement with the longtime ally.
Below is the full transcript from the interview with President Obama on June 16th, 2009.
So my first thought was: there’s got to be something wrong with this number. A 17 percent surge in housing starts didn’t make a whole lot of sense to me at first, but after talking to my minions I’m getting now getting the picture.
After what seemed like a turnaround in confidence, the nation's home builders cited new concerns this month; the National Association of Home Builders' monthly sentiment survey slipped one point.
St. Louis Fed President James Bullard told CNBC Monday that he is cautiously optimistic that there will be economic growth in the US during the second half of the year.
The Federal Reserve should stop buying government debt and instead focus on kick-starting areas of the credit markets having to do with consumers, Steve Forbes, Forbes CEO, told CNBC Monday.
South Korea's economy is still sliding, even though the pace has slowed, and it was not time yet for the government to change the current accommodative economic and financial policy, Finance Minister Yoon Jeung-hyun said.
Once again, the market managed to side-step the threat of rising interest rates. In fact, investors appeared eager to move back into the Treasury market!
Stocks opened lower on Friday as crude oil dropped below $71 a barrel and banks dragged after Bank of America lowered its outlook for the sector. Export prices rose 0.6 percent in May, while import prices jumped 1.4 percent, mostly due to a surge in gasoline prices. Read and listen to what the experts had to say...
Yesterday RealtyTrac, an online foreclosure sale site, reported that the number of properties receiving foreclosure filings fell 6 percent in May from the previous month, while they are still up 18 percent from May of 2008.
The notion of a jobless recovery is gaining traction among those who think the economy is finally getting back on its feet—but not enough to move the stock market.
About three months ago, as the unemployment rate began to really spike, it became all the corporate rage to offer “peace of mind” should you lose your job. That came in the form of various insurance-esque guarantees.
European credit spreads edged wider and gilts and bunds prices tumbled Thursday, after the US Treasury's 'sloppy' auction which reinforced investors' expectations that the Federal Reserve will have to raise rates sooner rather than later.
South Korea's central bank on Thursday held interest rates steady at a record low for the fourth consecutive month, judging Asia's fourth-largest economy had stopped falling but is still far from a full recovery.
Plus, the Mad Money host offers his top picks for Wednesday and explains the forces behind rising commodity prices.