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
San Francisco Federal Reserve Bank President Janet Yellen said Tuesday the current level of U.S. interest rates should boost the economy in the second half of 2008.
The Realtors tend to see the glass half full, that is, that 1/3 of the nation’s top 149 metro markets are still showing price increases year-over-year. But for those of us living in the other 2/3, we probably see the glass half empty.
The U.S. economy will barely expand in the second quarter and the chances of it shrinking have risen, following sluggish growth early in the year, said a Philadelphia Federal Reserve survey released Tuesday.
ECB policymaker Christian Noyer said on Tuesday that an explosive mix of soaring commodity prices and "permissive" monetary policy in some countries with dollar pegs could trigger an inflationary spiral which would hurt poor nations most.
Retail sales weakened modestly in April, but outside the hard-pressed auto sector they showed more resiliency than anticipated.
Cleveland Federal Reserve Bank President Sandra Pianalto said on Tuesday that although core U.S. price measures were climbing faster than she wanted, Fed monetary policy was compatible with low inflation.
The latest inflation number for the UK economy is punchy. The analysts were looking for CPI at a little over 2.5 percent - the annualized figure as delivered is 3 percent. April came in at 0.8 percent. Food and energy prices are making it hard for the Bank of England to cut interest rates. This should be supportive for the British pound. But the market smells blood.
UK housing sentiment slumped to record lows in April, underscoring continued weakness in the sector and piling pressure on the Bank of England at a time when snowballing inflation could force it to keep interest rates on hold.
Soaring food and fuel bills pushed up Britain's inflation rate by its biggest amount in nearly six years, further denting expectations of interest rate cuts despite a slowing economy.
JPMorgan Chase Chairman and Chief Executive Jamie Dimon Monday told bank investors that while the current credit market crunch may soon be over, the U.S. economy could still face a deep and extended recession
Chicago Federal Reserve Bank President Charles Evans said that U.S. interest rates are "accommodative" and at the right level given a weak growth outlook, but then indicated that the Fed could still be open to cutting rates further.
It's a busy week on the economic calendar, with the consumer price index, data on housing starts and the Philly Fed index all expected.
I get a press release probably once a week from the National Association of Home Builders on some or another green improvement, initiative, product or conference. So I was surprised by a study that claims none of America’s 13 largest publicly traded home builders has “fully embraced" the green market...
“We're of the opinion that the market has likely seen the worst,” says Standard & Poor’s Chief Investment Strategist Sam Stovall. He's not alone.
Oil prices have soared nearly 10 percent in the past four sessions alone, and CNBC asked the experts for insights and answers.
Lenders would be required to tell consumers when they are being offered less favorable terms based on poorer credit scores under new rules proposed on Thursday by the Federal Reserve and the Federal Trade Commission
U.S. Treasury Secretary Henry Paulson said on Thursday tax rebates now being issued to Americans will immediately help consumers and bolster the economy by summer.
European shares ended slightly lower on Thursday, weighed by financials after the region's top two central banks kept rates on hold as expected and investors saw little to suggest euro zone borrowing costs would fall soon.
I’m doing a story on jumbo loans today and how their price and availability are affecting the million-dollar home buyers. In the course of my research, I decided to take a look at Greenwich, CT, one of my favorite enclaves of multi, multi-million-dollar homes.
The European Central Bank left its key interest rate unchanged at 4 percent on Thursday, as widely expected, and its president Jean-Claude Trichet warned on inflation pressures.