LONDON, May 25- The dollar hit a one-month high against a basket of major currencies on Monday after stronger-than-expected underlying U.S. inflation bolstered the Federal Reserve's case for an interest rate hike later this year. Amid low volumes, with most of Europe as well as the United States shut for a holiday, the dollar index, which measures the greenback...» Read More
The unprecedented government rescue of insurance giant AIG calms the market's angst, but the question is whether credit markets will cooperate with the Fed and what other shoes are there left to drop.
The Federal Reserve, meeting during an unprecendented crisis on Wall Street, decided to leave interest rates unchanged but expressed concern about the crisis escalating.
The Federal Reserve left rates unchanged on Tuesday, giving little relief for Wall Street one day after the Dow's 500 drop. What follows are video highlights of the experts' reactions.
If this company goes under, Cramer says, the market will freeze.
I have to say I was not surprised that home builder sentiment ticked up two points this month after seven straight months of decline.
The Federal Reserve needs to slash interest rates by half a percentage point to show the public that it is taking steps to avert a financial crisis, Dennis Gartman, founder of the Gartman letter, told CNBC on Tuesday.
Financial markets are widely expecting the Federal Reserve to cut interest rates today, but they may not get their wish.
Financial markets are widely expecting the Federal Reserve to cut interest rates today, but they may not get their wish. Take our Poll:
Investment experts from around the globe offer their advice on what investors can do in the wake of the latest financial turmoil.
Don't expect the central bank to cut interest rates on Tuesday at its regularly scheduled FMOC meeting following the Lehman Brothers-Merrill Lynch-AIG developments, even though that's the action it took in March when Bear Stearns was on the ropes.
The already roiled markets have a new fear: the survival of AIG.
Lehman Brothers filed for bankruptcy on Sunday to become the largest casualty of the global crisis, while Bank of America adds another slice to its growing financial services empire, buying Merrill Lynch in a $50 billion deal. Following are today's top videos:
Could wreckage from the massive crisis on Wall Street prompt the Federal Reserve to do an about face and once again cut interest rates?
More and more voices call on the Federal Reserve to cut interest rates in the aftermath of Lehman Brothers' bankruptcy. What do you think the Fed should do? Vote in the poll below:
I spent the morning canvassing my real estate agent contacts to see how the Fannie/Freddie takeover and the news over the weekend of two major investment banks ceasing to exist affected potential buyers at open houses.
The Federal Reserve could make an emergency move and cut the federal funds rate by half a point during trading Monday, investment advisor Marc Faber told CNBC.
The financial sector took another hit after Lehman Brothers filed for bankruptcy protection on Sunday and Wall Street scrambled to shore up the system.
Attention Wall Street: Add the precipitous slowdown in consumer spending to the list of worries and reasons to think a recession is underway or imminent.
It seems that most economists, as well as the soon-to-be-former CEOs of Fannie and Freddie believe that the bottom in home prices is still a ways away.
The Fed may start considering another interest rate cut at the end of this year or early 2009, which was widely considered out of the question a week ago.