*Numbers came out right after China c.bank cut rates. SHANGHAI, March 1- Hours after China's central bank cut interest rates to battle slowing growth and rising deflationary risk, an official survey showed on Sunday that activity in China's factory sector contracted for a second straight month in February. Accounting for 48 percent of China's $10.2 trillion...» Read More
Below is the statement released by the Federal Open Market Committee after its June 24-25 meeting on interest rate policy:
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.
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.
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 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.
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.
Has the Fed changed its tune? Are we imagining things or did Ben Bernnake hint on Tuesday that interest rates aren’t going anywhere?
Dismal data on inflation and retail sales released on Tuesday flashed fresh signs of stagflation in the U.S. economy...
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.
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."
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.
Dismal data on inflation and retail sales released on Tuesday flashed fresh signs of stagflation in the U.S. economy.
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.
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.
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.
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.
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.
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.
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?