Interest Rates


  • Text: FOMC Minutes Wednesday, 16 Jul 2008 | 2:05 PM ET
    The Federal Reserve headquarters in Washington, DC.

    Below is the statement released by the Federal Open Market Committee after its June 24-25 meeting on interest rate policy:

  • Builders: A Vote of No Confidence Wednesday, 16 Jul 2008 | 1:08 PM ET

    FDIC Chairman Sheila Bair said it herself: It has been an “uphill battle” to restore confidence among investors and regular folks who stash their paychecks in their local banks. She may as well have added home builders to that mix.

  • Bernanke: Fed's Top Focus Is Financial Stability Wednesday, 16 Jul 2008 | 10:52 AM ET
    Federal Reserve Chairman Ben Bernanke.

    Federal Reserve Chairman Ben Bernanke told a House panel Wednesday a top Fed priority is restoring financial calm even as "too high" inflation and weak growth threaten the economy.

  • Industrial Production Unexpectedly Rebounds in June Wednesday, 16 Jul 2008 | 9:50 AM ET
    Worker in an Alcoa plant.

    US industrial production unexpectedly rebounded in June by 0.5 percent, its biggest jump in nearly a year, as utility and mining output soared and manufacturing reversed two months of declines, the Federal Reserve said on Wednesday.

  • Consumer Prices Take Biggest Jump in 26 Years Wednesday, 16 Jul 2008 | 9:01 AM ET

    Consumer prices in June rose by the biggest amount since 1982 on a continued surge in gasoline prices, adding more weight to an economy struggling through a strained banking system and a housing downturn.

  • Market Insider: Wednesday Look Ahead Tuesday, 15 Jul 2008 | 8:05 PM ET

    Oil's move could be a key trend in Wednesday's markets, as traders watch more Fed testimony, a bunch of earnings reports and another helping of inflation data.

  • Rate Hikes Off The Table Tuesday, 15 Jul 2008 | 6:18 PM ET

    Has the Fed changed its tune? Are we imagining things or did Ben Bernnake hint on Tuesday that interest rates aren’t going anywhere?

  • See What People Are Saying About... Stagflation Tuesday, 15 Jul 2008 | 12:50 PM ET

    Dismal data on inflation and retail sales released on Tuesday flashed fresh signs of stagflation in the U.S. economy...

  • Paulson: Fannie, Freddie Need Stronger Regulator Tuesday, 15 Jul 2008 | 11:49 AM ET
    Henry Paulson

    Housing finance giants Fannie Mae and Freddie Mac have the potential to pose systemic risks to the financial system and need a stronger regulator, U.S. Treasury Secretary Henry Paulson said on Tuesday.

  • Bush Urges Quick Action on Fannie, Freddie Rescue Tuesday, 15 Jul 2008 | 10:41 AM ET

    President Bush urged lawmakers to move quickly in putting into force legislation designed to help prop up mortgage giants Fannie Mae and Freddie Mac while declaring the nation's financial system to be "basically sound."

  • Fed Chief Gives Gloomier Outlook On US Economy Tuesday, 15 Jul 2008 | 10:07 AM ET
    Ben Bernanke

    A weakening housing market, a strained banking system, and rising oil prices threaten the U.S. economy, and restoring financial market stability is a top priority, Fed Chairman Ben Bernanke said.

  • Economy Shows New Signs Of Dreaded Stagflation Tuesday, 15 Jul 2008 | 8:40 AM ET

    Dismal data on inflation and retail sales released on Tuesday flashed fresh signs of stagflation in the U.S. economy.

  • UK Inflation Jumps to Series High 3.8% in June Tuesday, 15 Jul 2008 | 6:55 AM ET

    Soaring food and fuel prices pushed Britain's inflation rate to nearly double the central bank's 2 percent target in June, official data showed on Tuesday, boosting talk of interest rate hikes ahead.

  • Bernanke, Paulson to Testify on Financial Turmoil Tuesday, 15 Jul 2008 | 3:22 AM ET

    Discussion of persistent financial market turmoil is seen as likely to overshadow the Federal Reserve's semi-annual monetary policy outlook when Fed Chairman Ben Bernanke testifies before Congress on Tuesday.

  • BOJ keeps rates steady, warns of slower growth Tuesday, 15 Jul 2008 | 1:51 AM ET

    The Bank of Japan left interest rates on hold at 0.5% on Tuesday as expected but downgraded its growth forecasts, warning high energy costs are slowing the world's second largest economy.

  • RBA Says Monetary Policy Is Cooling Demand Monday, 14 Jul 2008 | 10:04 PM ET

    Australia's central bank was growing more confident that interest rates were high enough to  retrain future inflation when it left rates unchanged at a 12-year high earlier this month, minutes of its July meeting showed on Tuesday.

  • Market Insider: Tuesday Look Ahead Monday, 14 Jul 2008 | 8:56 PM ET

    Fed Chairman Ben Bernanke's testimony before a Senate committee takes on even greater importance for Tuesday's markets, now that the Fed and Treasury have promised to backstop mortgage giants Fannie Mae and Freddie Mac.

  • UK Housing Sentiment Improves in June: RICS Monday, 14 Jul 2008 | 7:03 PM ET

    The outlook for UK housing improved slightly in June, but a sharp downturn in the economy could see the foundations of the British real-estate market start to crumble, the Royal Institute of Chartered Surveyors said Tuesday.

  • Soros: Fannie, Freddie Crisis Is Not The Last Monday, 14 Jul 2008 | 3:20 PM ET

    Billionaire investor George Soros said Monday the crisis over major US mortgage financiers Fannie Mae and Freddie Mac will not be the last, and that the deepening credit crisis is a "serious one" that will impact an already slowing US economy.

  • So Fannie and Freddie come back from the brink, Indy goes under, warnings of more bank failures hit the newswires, and homeowners are of course left to wonder, how does all this affect my ability to get a loan today and at what rate?