WASHINGTON, June 30- The Federal Reserve is on track to raise interest rates this year, with September still "in play," a top Federal Reserve official said on Tuesday, despite growing market volatility and anxiety in the wake of Greece's debt default. Louis Fed President James Bullard shrugged off the impact of Greece's economic problems and said the Fed will...» Read More
Stock index futures remained true to recent form before the bell Tuesday, little changed compared with fair value ahead of the Federal Reserve's decision on interest rates later in the day.
The US housing market will face another retreat while mortgage-backed securities and Treasurys are likely to go through a "material" correction, Meredith Whitney, CEO of Meredith Whitney Advisory Group, told CNBC Tuesday.
Despite a widely held expectation that interest rates will remain unchanged, the Fed could rock the market on Tuesday, what must you know?
After being down all day, the Dow and S&P eked out gains Monday, led by Walmart after an analyst upgrade on the stock. Plus financials pulled off a gain amid relief after Sen. Chris Dodd unveiled his financial-reform bill.
The good news is the pace of loan deterioration is slowing. The bad news is we are still seeing record high delinquencies, and new delinquencies are outpacing loss mitigation efforts.
Stocks declined Monday as the dollar gained after a warning from Moody's on the U.S. and other nations with AAA debt ratings and amid worries about China tightening. Financials took a hit amid jitters over financial reform.
Stocks were lower Monday after a warning from Moody's' on the U.S. and other nations with AAA debt ratings and amid worries about China tightening. But Walmart jumped 1% after an analyst upgrade.
Stock index futures followed international markets lower Monday, but Wall Street is coming off a bullish trend that could continue given some stronger economic numbers.
U.S. economic growth as measured by real GDP will top 5 percent in 2010, and the unemployment rate will fall below 9 percent, said Byron Wien, vice president of Blackstone Advisory Services, who shared his annual top 10 surprises with CNBC Tuesday.
Though there’s virtually no chance the Fed will change interest rates or key monetary policy language at its March 16 meeting, change of another sort is imminent.
Plus, watch for two other important data points and a number of key earnings reports next week.
The new Obama Fed is going to be very dovish when it comes to fighting future inflation and defending the value of the dollar.
Today the Treasury Department released its monthly Servicer Performance Report through February on the 75 billion dollar Home Affordable Modification Program. This is the report that shows how many loans are in the trial phase, how many have been converted to the permanent phase, and which banks are doing more and which are doing less.
Four former world champions line up on the starting grid to start one of the most exciting and intriguing Formula One seasons for years. Personally, my head is supporting Button or Hamilton, but (as the years tick by) my heart is rooting for the old guy, Schumacher.
The American Institute of Architects reports that, "functionality is now preferred to more and larger bathrooms within U.S. homes." Functionality. How banal.
Mortgage insurers are rescinding (denying) claims, claiming themselves that the loans were fraudulent and misrepresented to them.
Poor economic data in the US coupled with Europe's debt crisis are contributing to an increase of the risk of the US economy going through a double-dip recession, Nouriel Roubini said.
Stocks eked out a modest gain Tuesday as this one-year anniversary of the March 2009 lows brought a mix of profit-taking and optimism. Citigroup surged while Cisco slipped.
Big surprise that yesterday's blog garnered quite a few responses, not just on the page, but from folks here in DC who are involved in all those closed-door negotiations at Administration office buildings.
Stocks clawed higher after a lower open Tuesday as this one-year anniversary of the March 2009 lows brought a mix of profit-taking and optimism. Cisco sold off after the company announced its much-hyped high-speed router.