*Gold may retest resistance at $1,290- technicals. SINGAPORE, Aug 28- Gold rose for the third straight day on Thursday on softening dollar and increased tensions between Ukraine and Russia, but the precious metal was under pressure from rallies in equities and the prospect of a U.S. interest rate hike.» Read More
In the boring world of Fed statements, this one was an eye-opener, indeed potentially historic. It was different in tone AND content from other Fed statements. How different? Traders on the floor looked a bit confused as they tried to parse through a lot of headlines that sounded very different from previous statements.
Zero or a quarter of one percent, you won’t see us doing much more than shrugging our shoulders.
Below is the statement released by the Federal Open Market Committee after its Dec. 15-16 meeting on interest rate policy:
Stocks rose Tuesday, even after dismal reports on CPI and housing starts, as investors hope for new direction from the Federal Reserve when the central bank delivers its decision on interest rates today.
With the Fed's key rate dropping closer to zero, the central bank is moving into uncharted territory. Still, Fed Chairman Bernanke has made it clear the Fed isn't running out of ammunition yet.
In Las Vegas, which boasts 30,000 foreclosures in 2008, two out of three home sales are foreclosed properties. In California, foreclosure sales are pushing up total existing home sales like never before.
Investors were cautious on stocks but sold the dollar Tuesday ahead of the Federal Reserve's rate decision. Experts interviewed by CNBC see safe havens like gold and the greenback losing their appeal.
U.S. stock index futures indicated a higher open Tuesday as investors hoped for fresh direction from the Federal Reserve along with another cut in interest rates.
Trading was cautious Tuesday ahead of a Federal Reserve meeting that is expected to cut interest rates again as well as hint at future monetary policies to stabilize the economy. CNBC's experts anticipate the Fed will cut rates to 0.5 percent or lower, but their focus has turned to alternative measures the central bank can take to give the economy a boost.
When the Federal Reserve policymakers decide on interest rates Tuesday, investors will probably look one step beyond their decision, to gauge how much money will the Fed be willing to print once it is out of rate ammunition.
The Fed is likely to drop rates again on Tuesday, but does it matter anymore?
Stocks closed lower amid worries about bank earnings and weak consumer spending on tech.
The Federal Reserve is expected to cut interest rates to close to zero on Tuesday and may point to further unconventional steps to battle a year-old recession.
The US housing market may be primed for a long-awaited recovery but will still need further help from government rescue measures.
The trouble is that Fannie is inevitably going to have to sell those properties off into the marketplace, such as it is. The renters may get a stay of execution and some notice that eviction will come at some point, but it’s not home sweet home for the duration.
"We have to sit down and figure what kind of life we have left," says Joan Sinkin, who with her husband, lost their life savings.
U.S. stock index futures were mixed as contradictory information on a bailout package for troubled automakers were making investors nervous.
The Federal Reserve will again lower interest rates on Tuesday to fight the deepest recession the U.S. has known in years, and may also announce some "unconventional" measures.
Some economists say it's time for Fed Chairman Bernake to just say no to Wall Street and cut interest rates less than the half point that's expected at Tuesday's meeting.
Lots going on next week. But what's most likely to move the market?