WASHINGTON— Federal Reserve Chair Janet Yellen met Friday with a group of conservative activists who are unhappy with the way the central bank is conducting its interest-rate policies. Yellen rejected the GOP criticism as unfounded. Representatives of the Heritage Foundation and Cato Institute also participated in the meeting.» Read More
The U.S. manufacturing sector staged a surprise recovery, while consumer sentiment improved in January, but construction spending in the U.S. fell for the third month in a row, reflecting continued weakness in the housing sector.
I read a fascinating article in the Financial Times this morning that I want to bring to your attention. The short version is that all those mathematical models used to predict future home loan default rates, i.e. the ones that should have prevented the mortgage crisis, failed because they left out one key variable: human behavior.
U.S. employers unexpectedly cut 17,000 non-farm jobs in January, the first time in nearly 4-1/2 years that U.S. payrolls shrank.
J.C. Penney and Ralph Lauren are two Cramer favorites right now.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.
The first nonfarm payroll report of the year could bring some relief to the market if payrolls rise as expected. But seasonal factors bringing more volatility than usual make the report particularly hard to handicap.
I know everyone out there, builders and Realtors included, constantly cry that it’s we in the media who are forever sounding unnecessary alarms in the housing market. Well, I don’t know that I can do much better than the Chairperson of the FDIC, Sheila Bair, who is telling a Senate Banking Committee panel today that the mortgage crisis has only just begun.
Consumers spent less in December than at any time in the past 15 months while applications for unemployment benefits soared last week, two more signs the economy is weakening.
Euro zone inflation hit an all-time high in January and economic sentiment plunged to two-year lows, data showed on Thursday, underlining the European Central Bank's monetary policy dilemma.
With rates so low, Cramer just might.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.
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The Fed cut interest rates another half point, but economists are divided about whether its policy statement will successfully manage market expectations.
Bernanke's got his groove back, says Jeff Macke.
Stocks are rallying in a "got what we wanted" move after the Fed's rate cut. The Fed cut the target Fed furnds rate by a half point to 3 percent. It also cut the discount rate by a half point.
The statement released by the Federal Open Market Committee after its January 29-30 meeting on interest rate policy.
The Federal Reserve cut its key interest rate another half point, as expected, and sparked a stock market rally by signaling that further rate cuts are possible.
You can feel the tension in the market as it seesaws in a fairly tight band ahead of the Fed's 2:15 p.m. statement. It looks like Market Insider readers are siding with the majority Street view that the Fed will cut a half point. Forty-three percent of our readers see a half point rate cut
The Fed is expected to lower U.S. interest rates another half-point Wednesday as part of an ongoing effort to bolster the economy.
Though there’s been much debate over how much the Fed should cut rates, the central bank's statement may be more important to the Fed’s credibility and market expectations.
European stocks closed lower across the board Wednesday as bigger-than-expected writedowns from UBS added to the general gloom surrounding the banking sector and did nothing to calm investors’ jitters ahead of an expected interest rate cut in U.S.
For several weeks now the survey of loan applications from the Mortgage Bankers Association has been telling the true story of today’s housing market. Lower mortgage interest rates are not in fact pushing people to buy homes; instead, they’re spurring current owners to refinance.