Interest Rates
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CHICAGO, May 17- The Federal Reserve has not done enough to lower U.S. borrowing costs to boost economic growth, a top Fed official said on Friday, citing his outlook for overly low inflation and overly high unemployment over the next two to three years.
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The dollar hit a new record low against the euro Tuesday as a surprise plunge in U.S. consumer confidence to nearly two-year lows raised expectations of another Federal Reserve interest rate cut next month.
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There's nothing funny about today's post, other than the funny money that went into mortgages. I am on the ground on Henry Long Blvd. in Stockton, CA. This is truly the epicenter of the foreclosure earthquake. I would say one out of every eight homes in this neighborhood is for sale: and you know which ones are vacant because the lawns are dead.
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There was more bad news for the housing sector Tuesday. Both sales and prices of existing homes continued to fall, while inventories rose.
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Consumer crisis or not, we're three months and counting until Christmas. Americans will still shop for the holidays but the question is just where they'll buy and how much they'll pay for this year's presents. Will we have a merry or mediocre Christmas?
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High energy prices, the housing slump and worries about a recession may not have as much impact on holiday sales.
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The dollar hit a record low against the euro for the third straight session Monday, amid fears that a deepening housing slump could rein in economic growth and trigger more cuts in U.S. interest rates
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U.S. Treasury prices finished mostly higher Monday, shaking off an early decline and benefiting from a downturn in the stock market. In general, stocks have risen while Treasurys have been driven lower in the wake of the Federal Reserve's decision last week to reduce official rates by a full half percentage point.
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The text from a speech given by Ben Bernanke on "Education and Economic Competitiveness" in Washington D.C. on September 24, 2007.
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I was waiting to see who did it first. I figured it was between California and Florida, and I was right. California wins. Last Thursday, Gov. Arnold Schwarzenegger wrote a letter to Congressional leaders asking for a state exception to the GSE conforming loan limit ($417,000).
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Turmoil in global credit and money markets will likely continue as investors worry about the size of financial losses and where they might appear, the International Monetary Fund warned Monday.
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There's a lot of concern about whether a weaker dollar could cause higher U.S. inflation, but CNBC’s Steve Liesman says not so fast.
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The default rate on U.S. mortgages is stabilizing, an American housing official said Monday, adding she didn't expect last week's cut in U.S. interest rates to significantly affect the number of defaults.
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Sometimes a stock is hot and other time it just burns. Following are the Fast Money misfires.
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Like an orchestra tuning up, financial markets are trying to find the right pitch after the Fed's big rate move. The market moves have been dramatic, and for the time being, it's likely they'll continue that way.
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“Power Lunch” is in Denver, looking at diverse Rocky Mountain success stories that range from real estate to air travel to a new breed of Mexican fast-food restaurants.
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The dollar rose marginally from a 15-year low against a basket of currencies Friday, as investors debated whether the U.S. currency's decline has gone too far, too fast.
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What is the retail equity investor to do? By most measures the retail investor in Europe has not participated in the bull market. This market isn't exhibiting classic signs of peaking and it doesn't look terribly expensive on traditional metrics. But who is stepping up to buy? The moderately risk-averse are reading daily Northern Rock headlines and are not keen to participate.
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Federal Reserve Vice Chairman Donald Kohn, who has opposed setting inflation targets at the U.S. central bank, Friday said inflation goals can hold expectations steady and provide workers and businesses more certainty about the course of inflation.