BRUSSELS, Oct 21- Alerts and a story on a source saying the European Commission was planning to fine three banks for rigging Swiss franc LIBOR interest rates is withdrawn after the Commission said only one of the banks was being fined in that case, while the other two were fined in a cartel case involving spreads on Swiss franc interest rate derivatives.» Read More
Inflation at the wholesale level jumped 1 percent in January on rising energy costs and posted the biggest 12-month gain in more than 26 years.
U.S. government bonds hold little appeal with inflation making a strong comeback, the manager of the world's largest bond fund said on Tuesday.
Weak consumer spending dragged down German growth in the final quarter of 2007 as inflation surged to a 14-year high, official data showed on Tuesday.
Today, the Realtors tried to argue that the housing market is “scratching the bottom,” or at least that’s what their chief economist Lawrence Yun said. Sorry Lawrence, as usual, I don’t buy it. Sure, sales were basically flat in January, down just 0.4 percent from December (although down 23.4 percent from a year ago), but far more telling of the market is the price...
The U.S. economy will likely avoid a recession but growth will slow to a crawl during the first half of this year, a panel of business economists forecast Monday.
Sales of existing homes fell to the lowest level in nearly a decade in January while the median price for a home dropped for the fifth straight month.
The distressed U.S. housing market should get a lift this spring as bargain prices lure prospective buyers, but tighter lending will limit any rebound.
U.S. economic growth has stalled and recovery may take longer than usual, former U.S. Federal Reserve chairman Alan Greenspan said on Monday.
Dallas Federal Reserve President Richard Fisher said on Friday that it will take some time for interest-rate cuts the Federal Reserve has made since last September to kick in and boost the economy.
The Federal Reserve's aggressive interest-rate cuts have failed to push mortgage rates lower and thus have done little to help the battered U.S. housing market, said Bill Gross, chief investment officer at Pimco, the world's largest bond fund.
There’s something called remorse. Maybe you’ve heard of it. Clearly Countrywide Financial spacer is not in touch with that emotion right now. While many Americans are struggling to pay mortgages they never should have been offered or are staring down the face of foreclosure...
I got a lot of responses to my previous post about re-listing homes. Here's a sample: From Blair D: "I think re-listing can hurt the seller as much as the buyer in this market. I know of people who are interested in buying a house but are sitting on the sidelines waiting to get the best deal...
There’s been a lot of talk in the blogosphere lately about the phenomenon of “re-listing”, and so it behooves me to weigh in. “Re-listing” is when an agent takes a property that’s been sitting on the market a bit longer than one might like and removes it from the market, only to “re-list” it days or even minutes later as a “fresh” listing.
Contraction in U.S. Mid-Atlantic factory production accelerated in February as manufacturers pulled back in anticipation of an economic downturn, according to the Philadelphia Federal Reserve.
Euro zone economic growth is expected to slow to 1.8 percent this year from 2.7 percent in 2007, while inflation should stay well above the European Central Bank target, the European Commission said on Thursday.
Lately, many people are hearing an echo — faintly perhaps but distinctly audible — of the stagflation of the 1970s.
Japan's exports rose more than expected in January from a year earlier as solid shipments to Asia and Europe cushioned soft exports to the United States, a major destination for Japanese goods.
US inflation accelerated in January in a worrying sign for the Federal Reserve's campaign to bolster the flagging economy.
The Federal Reserve lowered its projection for economic growth this year, citing damage from the housing slump and credit crunch.
The U.S. economy will probably avoid a recession but inflation is also a risk and the Federal Reserve must not ignore this threat as it battles weak growth, one of the Fed's top policy-makers said.