CNBC's Sue Herera looks back at the week's top business and financial stories.» Read More
South Korea's central bank raised its main interest rate by 25 basis points to its highest in seven years on Thursday, as expected, in a move to stem inflation in Asia's fourth-largest economy.
I came away from the Freddie Mac conference call feeling a little, shall we say nicely, confused. The CEO, Richard Syron, warned of the troubled times in housing, even revised his forecast for home price drops, peak to trough, from 15 percent to 18-20 percent. He said we’re only halfway through the correction.
Bond experts discuss the Fed's rate decision and an analyst feels optimistic about Cisco's earnings numbers. Following are today's top videos:
What you think of today’s statement by the Federal Reserve depends a lot on what you thought before the announcement. Those who believed the Fed was on course to tighten in the fall see the statement as dovish; those who thought that was unlikely see the statement as either neutral or even hawkish. I’m in the camp who believes this statement was neutral as to the outlook for policy changes.
The Federal Reserve's decision to hold the line on interest rates was the only move the central bank could make considering the state of the US economy, PIMCO chief Bill Gross said on CNBC.
Below is the statement released by the Federal Open Market Committee after its Aug. 5 meeting on interest rate policy:
The Fed held U.S. interest rates steady, expressing concerns about both economic growth and inflation and indicating it is in no rush to push borrowing costs higher.
The losses stem mostly from inventory impairments and land write-offs. In English, that means the value of their properties are falling and they’re having to walk away from land that they can’t use because nobody is going to buy the house they would put on it.
Community banker Elizabeth Duke took the oath of office as a member of the Federal Reserve's Board of Governors and will vote at a meeting on interest rates later in the day, the Fed said.
The experts gave CNBC their thoughts on the Federal Reserve meeting, where members are expected to vote on holding rates at 2 percent.
Australia's central bank on Tuesday opened the door to the first cut in interest rates for seven years, saying slowing demand and tight financial conditions were set to bring inflation down over time.
Wall Street widely expects the Fed to keep interest rates unchanged Tuesday as the central bank grapples with a faltering economy, shaky financial system and higher prices.
Remember those people last summer who wanted the Fed to raise interest rates? Lucky for us they never got their way.
With rising inflation and slowing growth, what's the Fed to do with this type of economic climate as they meet on Tuesday to decide the direction of interest rates.
The specter of stagflation will likely keep the U.S. Federal Reserve, the European Central Bank, and the Bank of England from changing short term interest rates this week, and their hands may be tied for some time as economic growth slows but inflation remains high.
The main event this week is the Fed meeting on Tuesday and investors will tune in to see if Bernanke & Co. offer any insight on inflation. Plus, more earnings, including Cisco, P&G and AIG.
And Ben Bernanke was wrong. A year later we look back to see whose strategy was best for this country.
A year after the credit crunch started what, if anything has changed, and more importantly what have banks learned? (Hint, not a lot.)
With jitters about employment impacting stocks, economists predict a loss of 75,000 jobs for July, the seventh straight month of payroll declines.
The jobs data is the make or break number for markets Friday. The monthly data, reported at 8:30 a.m., is expected to show a decline of 75,000 non-farm payrolls and an unemployment rate of 5.5%.