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  • Bernanke Back in the Hot Seat Wednesday, 19 Sep 2007 | 10:12 PM ET

    Two days after Federal Reserve Chairman Ben Bernanke got a vote of confidence from the markets for the Fed's half point rate cut, he and Treasury Secretary Henry Paulson head to Capital Hill for a hearing on the mortgage mess. They appear before the House Financial Services Committee starting at 10 a.m. Thursday.

  • Wall Street Gets a Shot of Confidence Wednesday, 19 Sep 2007 | 10:01 PM ET

    The stock market's got some of its swagger back. Flush with a new infusion of confidence, investors will carry that into Wednesday. Before the opening bell on Wall Street, we'll get a look at consumer inflation data, August housing starts and  another big broker's earnings. But there certainly should be some afterglow from Tuesday's Fed-fired rally cooked into the start of trading.

  • Golden Goldman and Greenspan "Unplugged" Wednesday, 19 Sep 2007 | 7:26 PM ET

    Chatter on the street is that Goldman Sachs can't help but beat Wall Street's estimates when it reports earnings tomorrow. For that reason, it's one of the few in the brokerage group still holding onto gains at the close. Goldman stock closed up 2.5%. Bear Stearns, also reporting tomorrow, fell 3%. Morgan Stanley was down 2% after a disappointing report this morning, and Lehman was down a half a percent. Merrill Lynch though was 1% higher.

  • Dollar Strengthens on Fed Rate Cut Wednesday, 19 Sep 2007 | 4:55 PM ET

    The dollar rallied from a 15-year low against a basket of currencies Wednesday, as investors bet the Federal Reserve's interest rate cut Tuesday will help boost a slowing U.S. economy.

  • Stop Trading!: Expect More Rate Cuts Wednesday, 19 Sep 2007 | 3:27 PM ET

    Maybe even as much as a full percent, Cramer said. Annaly Capital is the best way to play it.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • After the Surprise Rate Cut: Are CEOs Happy Now? Wednesday, 19 Sep 2007 | 3:22 PM ET

    Chief executives such as Ara Hovnanian were the among the loudest voices calling for the Federal Reserve to cut interest rates. Now, after the Fed's surprisingly sharp reduction in rates on Tuesday, CNBC asked several CEOs if they're happy.

  • Wells Fargo Chairman Sees Mortgage Recovery Wednesday, 19 Sep 2007 | 2:20 PM ET

    Wells Fargo Chairman Richard Kovacevich said Wednesday the U.S. mortgage industry will recover following further short-term pain, led by better-diversified lenders less exposed to market vagaries.

  • Fed Still Faces Tough Fight Against Recession: Experts Wednesday, 19 Sep 2007 | 2:16 PM ET
    Federal Reserve Board Chairman Ben Bernanke.

    The Fed’s  rate cuts will do little if anything to help the mortgage and housing industries in the short-term--and the central bank is just at the beginning of a long, hard fight to head off a recession, experts say.

  • Does the Fed Cut Save Housing? Wednesday, 19 Sep 2007 | 1:01 PM ET

    The short answer is: not today. I realize the CNBC audience doesn't need an explanation of why a Fed rate cut doesn't mean that you're suddenly saving hundreds of dollars a month on your 30-year fixed. Yes, it may slightly affect adjustable rate mortgage interest rates, and certainly some home equity lines, but the troubles in the housing market are far too vast right now to respond suddenly to a little ol' rate cut.

  • Did The Fed Blow It? Wednesday, 19 Sep 2007 | 12:50 PM ET

    Forget the knee jerk euphoria. Was Tuesday's Fed move the right one and does it signal the okay to jump back into stocks?

  • Consumer Prices Decline Unexpectedly in August Wednesday, 19 Sep 2007 | 12:38 PM ET

    U.S. consumer prices unexpectedly dipped 0.1 percent last month and new home construction hit a 12-year low, data Wednesday showed, underlining concerns about the country's economic outlook.

  • European Stocks Rally after Fed Rate Cut Wednesday, 19 Sep 2007 | 12:12 PM ET

    European shares closed higher, with the financial sector advancing strongly, after the U.S. Federal Reserve decided to slash interest rates in order to offer relief to troubled credit markets.

  • Cramer: They Know Something! Wednesday, 19 Sep 2007 | 10:54 AM ET

    Finally, the Fed gets it right. Now the bull is back.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • BOE to Inject $20 Billion to Ease Three-Month  Rates Wednesday, 19 Sep 2007 | 10:20 AM ET

    The Bank of England made a surprise U-turn on Wednesday, offering to inject 10 billion pounds ($20 billion) next week into money markets in a bid to bring three-month interest rates down.

  • Mortgage Applications Up as Refinancing Picks Up Wednesday, 19 Sep 2007 | 7:47 AM ET

    Applications for U.S. home mortgages climbed for a third straight week as more borrowers sought to refinance loans on which payments may be about to rise, an industry group said Wednesday.

  • Fed Rate-Cut Rally Could Recede Quickly Wednesday, 19 Sep 2007 | 7:41 AM ET
    Federal Reserve Board Chairman Ben Bernanke delivers the board's Monetary Policy Report to the Senate Banking Committee in Washington Wednesday, July 19, 2006. "The recent rise in inflation is of concern," and possible increases in the prices of oil as well as other raw materials "remain a risk to the inflation outlook," Bernanke said. (AP Photo/Dennis Cook)

    Like the tides, the wave of good feelings that swept over Wall Street and Main Street with the Federal Reserve's big rate cut could ebb just as quickly.

  • BoE Unanimous on Steady Rates at September Meeting Wednesday, 19 Sep 2007 | 6:35 AM ET

    All nine members of the Bank of England's Monetary Policy Committee voted to keep interest rates at 5.75% earlier this month, judging it was too soon to tell how financial market troubles would play out.

  • Brighter Mood Spurs BASF, Schering-Plough Bond Plans Wednesday, 19 Sep 2007 | 5:44 AM ET

    German chemical company BASF plans to sell a 7-year euro benchmark bond, one of the banks managing the sale said on Wednesday, as the outlook for credit markets brightened.

  • Bank of Japan Leaves Rates Unchanged After Fed's Easing Wednesday, 19 Sep 2007 | 1:32 AM ET

    The Bank of Japan kept interest rates unchanged as expected on Wednesday, hours after the U.S. central bank slashed rates by a hefty half-percentage point to try to shield the U.S. economy from a housing slump and market turmoil.

  • Australia Government Warns Banks Not to Raise Home Rates Wednesday, 19 Sep 2007 | 12:59 AM ET

    Australia's Treasurer Peter Costello on Wednesday warned the country's major banks not to raise their mortgage rates to maintain margins in the face of higher borrowing costs in markets.