WASHINGTON, Jan 28- The Federal Reserve is expected to signal it remains on track to begin raising interest rates later this year, as the central bank shows confidence that low inflation and rising risks from abroad have yet to derail the U.S. economic recovery. Fed Chair Janet Yellen faces growing skepticism that the central bank can tighten monetary policy by...» Read More
Australian retail sales easily outpaced expectations in September, setting the seal on a very strong quarter for consumption and adding to an already compelling case for a further rise ininterest rates.
Bring on the year end! That's the view from the markets now that the spooky month of October is behind us and the Fed has done its work. November will be no slouch. It starts off with a big dose of economic news Thursday and Friday, and some key earnings reports, including Exxon Mobil Thursday morning.
Pros are losing money, while amateurs rake in the cash. Why? Because the pros know too much. Let Cramer explain.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.
Not everyone in the market is jumping for joy after today's interest rate cut.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 Federal Reserve, moving to head off the threat of a recession, cut two key interest rates by a quarter-point but signaled that it may be done easing rates for now.
The markets got the rate cut they wanted, but the Fed signaled an increased concern with inflation, and the market is responding by ratching down its expectations for further rate cuts. But the Fed also noted that "economic growth was solid" (a nod to the stronger than expected GDP growth of 3.9%), and that "the strains in the financial markets have eased somewhat."
The markets got the cuts they wanted, but not the wording, which was not friendly to those who wanted a clearer signal that more rate cuts were coming: 1) the Fed said there was an equal balance between the inflation risk and risk to growth, 2) Hoenig dissented...
The dollar fell to a record low against the euro after the Federal Reserve cut its benchmark interest rate by a quarter-percentage point and said the pace of economic growth will slow this year.
The U.S. economy grew at a surprisingly brisk clip in the third quarter as both consumer spending and exports showed strength despite a battered housing sector.
The statement released by the Federal Open Market Committee after its October 30 & 31 meeting on interest rate policy.
The Federal Reserve is still expected to lower benchmark borrowing costs later today despite unexpected signs of strength in the economy.
The economic numbers today indicate the difficulty facing the Fed: 1) Third quarter GDP estimates, at 3.9% (best in 6 quarters!), was well above expectations. 2) October ADP, a read on private sector job growth, surprises on the upside--106,000 vs the consensus of 58,000 and up from a revised 61,000 in September.
A surge in euro zone inflation in October beat all expectations, data showed, raising the odds for a rise in European Central Bank interest rates despite weakening sentiment and sending the euro up against the dollar.
Biotechnology company Genentech is delaying a plan which would make it harder for doctors to use its cancer drug Avastin as an inexpensive treatment for eye afflictions, the Wall Street Journal reported on Wednesday.
The Bank of Japan left its policy rate unchanged at 0.5 percent on Wednesday, as widely expected, reflecting caution among central bankers over market uncertainty and the economic fallout from U.S. subprime woes.
Australian businesses were busy borrowing in September despite interest rates at decade highs, while a jump in approvals to build new homes provided a tentative sign of a recovery in housing construction.
Credit crankiness hangs around the stock market as the Fed winds up its rate meeting Wednesday. Investors are counting on a rate cut, and without one, the market could see some significant selling.
All eyes are on the Fed, as investors await the Federal Open Market Committee's Wednesday announcement on interest rates. Many analysts anticipate a fed funds rate cut of 25 basis points.
Fed policy-makers began meeting as financial markets continued to bet that the central bank will cut interest rates to shore up the faltering housing and credit markets.
The dollar fell to a record low against the euro for the third consecutive session on Tuesday, a day ahead of the outcome of a Federal Reserve meeting at which an interest rate cut is expected.