*Fed officials meet July 29-30 to discuss policy. NEW YORK/ SAN FRANCISCO, July 24- The U.S. Yet Fed officials, who gather for a policy meeting July 29-30, are in no rush to talk about hiking interest rates because wage gains remain stubbornly low, raising questions about just how close the United States is to full employment.» Read More
Federal Reserve Chairman Ben Bernanke said Tuesday the U.S. central bank may keep an emergency lending facility for big Wall Street firms open past year-end while it seeks to restore financial market stability.
U.S. interest rate policy is "nearing a crossroads" now that worst-case scenarios for growth have been skirted by the Federal Reserve's aggressive string of rate cuts, San Francisco Fed President Janet Yellen said Monday.
We started to hear rumblings last week about how residential construction loans are weighing heavily on local banks because, big surprise, some of the builders are having trouble keeping up with the payments.
Japanese corporate profits are falling while consumer prices are expected to keep rising due to high oil and food costs, Bank of Japan Governor Masaaki Shirakawa said, underlining the central bank's policy dilemma as it juggles the risks of slowing growth and rising global inflationarypressure.
U.S. President George W. Bush said on Sunday the American economy was not growing as quickly as he would like and that his administration supported a strong U.S. dollar policy.
The Democratic-led Senate approved the newest member of the Federal Reserve’s System Board of Governors last Friday, making Elizabeth A. Duke the seventh woman to become a member of the board since the board was formed in 1913.
There is an adamant little Frenchman, Jean-Claude Trichet, and his merry band of monetary lawmakers drawing the line on inflation ... how'd THEY become the bad guys? Hmmm...
So Hope Now is doing well. But in all the data and arguing over the data, let’s look at the data for a second. Of the 170,000 mortgages saved in May, 100,000 were repayment plans and 70,000 were modifications.
The White House said Thursday a report showing a sixth straight month of job losses in June was another sign of slower U.S. economic growth.
Euro-zone rates rose to 4.25% as the central bank fights inflation, but ECB President Jean-Claude Trichet's message was slightly dovish.
A weaker dollar cannot be blamed for soaring oil prices as policymakers around the world tussle with the twin spectres of rising inflation and slowing growth, U.S. Treasury Secretary Henry Paulson said on Thursday.
Payrolls likely dropped by 60,000 in June, while the jobless rate is expected to have fallen to 5.4 percent from 5.5 percent in May.
The downturn in the economy is a greater worry than inflation at the moment, U.S. Treasury Secretary Henry Paulson said on Thursday.
Will ECB Chief Trichet ruin your July 4th vacation along with the global economy and hike rates Thursday?
When European Central Bank President Jean Claude-Trichet announces his decision tomorrow on interest rates, investors will be paying far more attention to what he says than what he does.
U.S. Treasury Secretary Henry Paulson said on Wednesday that high oil prices, further home price declines and capital markets turmoil will prolong the American economy's slowdown.
It's my favorite day of every quarter. Whether Central Park is turning amber or tulips are rising in the islands of Park Avenue, the quarterly Manhattan Residential Market Report is always the tastiest morsel of the season (who loves her job more than me??).
The Federal Reserve must "react decisively" to stop inflation from pushing up wages, one of its top policy-makers said Tuesday, dropping a clear hint about the possibility of interest-rate hikes ahead.
So what do you do if you’re a developer and the credit crunch is keeping your potential customers away? Well, how about giving buyers the loan yourself! That’s precisely what the developers of a posh Harlem condo building are doing.
U.S. factory activity expanded unexpectedly in June but inflation pressures soared, according to a report released Tuesday.