Interest Rates


  • Northern Rock Says Customers Come Back Tuesday, 18 Sep 2007 | 12:26 PM ET
    Customers line up to enter a Northern Rock branch in Bromley, in south-east London, 14 September 2007.

    Embattled British bank Northern Rock said a majority of customer calls it had received on Tuesday were to reinvest money in accounts, and queues for cash withdrawal were considerably down from past days.

  • European Stocks Rally, Close Higher on Fed Hopes Tuesday, 18 Sep 2007 | 12:17 PM ET

    European stocks rallied Tuesday, closing higher, with investors cheered by the prospect of a U.S. Federal Reserve rate cut and encouraged by the British government's intervention to reassure Northern Rock bank depositors.

  • CNBC Survey: Fed to Cut Quarter-Point Today Tuesday, 18 Sep 2007 | 12:05 PM ET

    The nation's top money managers, investment strategists and professional economists  overwhelmingly expect the Fed to lower the federal funds rate a quarter-point, to 5%.

  • Fed Speak And Your Mortgage: Some Expert Talk Tuesday, 18 Sep 2007 | 10:58 AM ET
    Bill Seidman

    Since we’re all "Fed, Fed, Fed," it behooves me to weigh in on how a Fed rate cut would affect mortgage interest rates, not to mention the current mortgage despair spiral, as lenders run for cover and investors turn up their collective noses. From everything I hear, it’s not going to do much in the short term, but rather than hear it from me...

  • Video Roundup: Waiting On The Fed Tuesday, 18 Sep 2007 | 10:49 AM ET

    Federal Reserve policymakers are meeting today in one of the most closely watched central bank conferences in years. The Fed is slated to release its rate-cut decision at 2:15pm ET. CNBC asked the experts what they expect the Fed to do -- and what impact it will have on the economy and markets.

  • What's The Fed Trade? Tuesday, 18 Sep 2007 | 10:09 AM ET

    Tuesday Ben Bernanke and the Federal Reserve will hold their most important meeting in seven years. The afternoon decision on interest rates will likely make for the biggest trading day of the year. Find out how our traders are playing it -  both ahead and after the news.

  • Wholesale Prices Tumble On Lower Energy Costs Tuesday, 18 Sep 2007 | 10:05 AM ET
    Gas Pump

    The Labor Department said it was the largest fall in producer prices since a 1.5 percent dip in October 2006. 

  • Stocks Get Support Ahead of Fed Decision Tuesday, 18 Sep 2007 | 9:24 AM ET

    A relatively tame inflation number and no mean surprises in Lehman Brothers earnings this morning is giving support to stocks ahead of the Fed's momentous decision today. Traders are also watching oil prices crack yet another record level.

  • U.K. Consumer Price Inflation Edges Lower in August Tuesday, 18 Sep 2007 | 8:10 AM ET

    Consumer prices in Britain fell slightly in August, the government said Tuesday.

  • Bonds Dip as Deeper Cut Seems Less Likely Monday, 17 Sep 2007 | 4:57 PM ET

    U.S. Treasury debt prices eased on Monday, as investors pared bets for a more aggressive interest rate cut from the Federal Reserve absent any further deterioration in the economy.

  • Video Roundup: What Will the Fed Do? Monday, 17 Sep 2007 | 3:59 PM ET

    Fed policymakers meet Tuesday in one of the most closely watched central bank meetings in years. CNBC asked the experts what they expect the Fed to do and what impact it will have on the economy and markets.

  • I don’t have any real numbers from Hovnanian yet, but the spin abounds. The head of PR for the homebuilder’s Northeast region claims it was a huge success, thousands of people visited homes and one area at least sold out. Again, I have no real numbers, and Hovnanian says they’re not releasing any numbers until tomorrow earliest.

  • Video Roundup: Greenspan Interviews, Analysis Monday, 17 Sep 2007 | 1:59 PM ET

    Alan Greenspan keeps making news, even after leaving the Federal Reserve chairman’s post. Last week, he released his memoirs, taking the Bush Administration to task; and he told CNBC the housing bubble was "unavoidable." Here is a sampling of our broadcast coverage, including an exclusive Greenspan interview with senior economics reporter Steve Liesman.

  • Hovnanian Numbers In: Why The Media Blame Game? Monday, 17 Sep 2007 | 1:51 PM ET

    Ok well I guess the jury is in and the court finds in favor of Hovnanian Enterprises. The company issued a press release this afternoon saying they had gross sales of 2100 homes over the weekend: that's 1,700 contracts with 400 deposit.

  • Northern Rock Shares Plunge, Customers Run Monday, 17 Sep 2007 | 12:17 PM ET
    Customers line up to enter a Northern Rock branch in Bromley, in south-east London, 14 September 2007.

    Thousands of customers queued to withdraw savings from embattled British bank Northern Rock on Monday and its shares plunged again, heightening pressure for a sale of the business or its assets.

  • Greenspan: Fed Couldn't Stop Housing Bubble Monday, 17 Sep 2007 | 10:42 AM ET
    Former Federal Reserve Chairman Alan Greenspan

    Former Federal Reserve Chairman Alan Greenspan also says the chances of a recession have risen from January, when he said there was about a 33% chance.

  • Already Baked In? Monday, 17 Sep 2007 | 10:16 AM ET

    As the Dow and S&P 500 jumped 2% this week ahead of next week’s Fed meeting, is it possible the market already got the rate cut rally it has been jonesing for? Futures traders believe with certainly the Fed will cut the target rate at least 5%, but will it even matter for equities?

  • Paulson Says Market Turbulence to Continue a While Monday, 17 Sep 2007 | 4:23 AM ET

    U.S. Treasury Secretary Henry Paulson said on Monday he expected market turbulence to continue for a while, but said the current turmoil was occurring against the backdrop of global financial strength.

  • Bonds Steady as Market Eyes Rate Cut Friday, 14 Sep 2007 | 5:41 PM ET

    U.S. Treasurys eased Friday after soft economic data supported expectations of a modest interest rate cut by the Fed next week but disappointed investors betting on an aggressive reduction.

  • Why You Shouldn't Worry About a Fed Rate Cut Friday, 14 Sep 2007 | 4:27 PM ET
    NYSE Traders

    Even if the Fed cuts interest rates on Tuesday, as most expect, stocks aren't likely to show much enthusiasm. The reason: credit market jitters probably won't  subside soon, as Treasury Secretary Henry Paulson acknowledged to CNBC.