SAN FRANCISCO/ WASHINGTON, March 27- Federal Reserve Chair Janet Yellen signaled that the U.S. central bank will likely start raising borrowing costs later this year, even before inflation and wages have returned to health, but emphasized the return to normal interest rates will be gradual. The Fed has held short-term borrowing costs near zero since December...» Read More
This cash lender is not what it says it is.
Some interesting intelligence from one of the ground zeroes of the housing market: Florida. Paul Miller of FBR published some financial “ramblings” (his word not mine) on a recent trip to Florida’s West Coast.
Little attention has been paid to what a recession and spike in unemployment would do to an already battered housing market.
Even if the European Central Bank holds rates on Thursday the euro's supremacy on the currency markets is close to an end, analysts said on Wednesday.
The European Central Bank looks set to leave rates on hold on Thursday but the move is unlikely to contribute to a strengthening of the euro, as the signs of weakness in the euro zone economy intensify. Vote on which currency will gain the most by the end of the year.
As the Bank of England's Monetary Policy Committee meets this week to decide on interest rates, the world's oldest currency still in use is under attack.
Stocks are challenged to hold their ground, and will have a tough time breaking out of the bear's hold this month.
It’s not over, and it’s not really getting that much better, but for the past few weeks I’ve been seeing that word pop up in an awful lot of different reports and indicators: “moderating.” In a Tuesday report from The Warren Group, which tracks foreclosure data in New England and thereabouts, it came up again.
Directors at the Federal Reserve Banks of Kansas City and Dallas sought quarter percentage-point hikes in the discount rate in late June through July to keep inflation at bay, Fed documents released on Tuesday showed.
Euro zone producer prices jumped in July on surging oil prices, data showed, but less than expected by markets watching for signs of easing inflationary pressure that would make room for an ECB rate cut.
Wall Street will get back to business fast Tuesday as it assesses the aftermath of Hurricane Gustav and starts to consider the first of a number of important economic reports this week.
Australia's current account deficit shrank by a third last quarter thanks to booming resource exports, though trade still proved a slight drag on economic growth.
China's manufacturing sector contracted for the second straight month in August, an official survey showed, but a dramatic easing in input price pressures offered some relief.
Gustav has unfurled a wall of worry for stocks in the week ahead.
You might think that with headlines that shout about plummeting home prices that the silver line to this cloud over housing would be affordability. Lower prices mean more people can buy houses, right? Wrong. Here's why.
Not that he needs anymore, but yet another kudo to Michael Phelps for doing his part in the housing recovery. Instead of heading for La-La-Land, where all those cameras await, or for a spicier set-up in South Beach, the millionaire medal man reportedly decided to sink $1.69 million into his hometown of Baltimore.
Neither of the two contenders for president understands the economy and they are likely to cause more problems than they would solve, investor Jim Rogers, CEO of Jim Rogers holdings, told "Squawk Box Europe" on Friday.
The head of the European Central Bank should be running the Federal Reserve because he is doing a better job at protecting his economy, investor Jim Rogers, CEO of Rogers Holdings, told "Squawk Box Europe" on Friday.
Ding, dong Dell. The computer marker's after hours earnings miss could put a dent in tech in Friday's quiet, pre-holiday session.
Japanese inflation hit a new decade-high in July, topping market expectations and reinforcing views that high oil and food prices are dealing a blow to consumers as Japan faces a likely recession.