Interest Rates


  • 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.

  • European Credit Pain Spread Across Atlantic Friday, 14 Sep 2007 | 12:52 PM ET

    U.S. stock futures are pointing lower this morning as new credit worries in Europe drag down banking shares there and wipe out yesterday's euphoria in the financial sector.

  • Paulson: Turmoil to Persist But Economy Strong Friday, 14 Sep 2007 | 12:09 PM ET
    United States Treasury Secretary Henry Paulson

    Treasury Secretary Henry Paulson told CNBC Friday that it will take time to work through the problems contributing to current financial market turmoil but expressed confidence U.S. growth will not be derailed.

  • August Retail Sales Weak; Consumer Outlook Steady Friday, 14 Sep 2007 | 10:30 AM ET
    Cash Register

    Sales at U.S. retailers rose a smaller-than-expected 0.3% in August and recorded the biggest decline in almost a year when car sales are excluded. Meanwhile, consumer sentiment was steady in early September.

  • Bank of England Offers Aid to Lender Northern Rock Friday, 14 Sep 2007 | 9:57 AM ET

    Britain's financial authorities stepped in to rescue mortgage lender Northern Rock on Friday as the group, which has lent aggressively to home buyers, fell victim to the sharp rise in borrowing costs between banks.

  • Not so 'rock' solid. What have we learnt? Friday, 14 Sep 2007 | 9:03 AM ET

    This credit problem is taking me back to the last big story I worked on where a financial economy crisis had real economy consequences: the Asian market meltdown of 1997.

  • U.K. Liquidity, China's Rates Weigh On Markets Friday, 14 Sep 2007 | 9:00 AM ET

    Several issues weighing on the markets today. Liquidity issues again coming to the fore, this time in the U.K. 1) Northern Rock, the 4th largest mortgage company in the UK, has sought emergency funding from the Bank of England because it won't be able to roll over obligations that are coming due over the next few weeks.

  • Special Series: The Secret of Her Success Friday, 14 Sep 2007 | 8:12 AM ET

    This week, NBC Nightly News will air a series of reports on issues important to women, including special business reports on Tuesday and Thursday.

  • Euro-Zone August Inflation Drops to 1.7% Friday, 14 Sep 2007 | 8:03 AM ET

    Inflation in the 13 euro nations was 1.7% in August, the European Union's statistical agency said Friday, lowering its earlier estimate of 1.8%.

  • China Raises Interest Rates for 5th Time in 2007 Friday, 14 Sep 2007 | 7:48 AM ET
    China's National Flag

    China raised interest rates Friday for the fifth time this year amid signs that repeated attempts to cool the sizzling economy so far have had little effect.

  • Bonds Pressured as Credit Concerns Ease Thursday, 13 Sep 2007 | 5:26 PM ET

    U.S. Treasury debt prices fell for a third day Thursday as signs of stability in the distressed credit markets caused investors to switch out of safe-haven government bonds.

  • Greenspan: I Didn't See Mortgage Meltdown Coming Thursday, 13 Sep 2007 | 1:35 PM ET
    On his last day as chairman of the Board of Governors of the Federal Reserve System, Alan Greenspan smiles as he presides over his final Federal Open Market Committee meeting at the the Fed's headquarters in Washington, Tuesday, Jan. 31, 2006. He is speaking to Deborah J. Danker, at left, special assistant to the board, with Vice Chairman Roger W. Ferguson Jr., at right. Greenspan has held the post for more than 18 years and is widely viewed as the most successful chairman in the Fed's 92-year h

    Former Federal Reserve Chairman Alan Greenspan said he was late to see the storm gathering around U.S. mortgage lending practices and commended his successor Ben Bernanke's handling of the crisis, saying he would likely be responding in a similar fashion.

  • What, Me Worry? Most Shrug Off Subprime Mess Thursday, 13 Sep 2007 | 1:02 PM ET

    Americans are relatively unconcerned about the subprime mortgage troubles, and they say President Bush is doing a better job, according to the latest NBC News/Wall Street Journal poll.

  • Bernanke to Testify Next Week On Mortgage Crunch Thursday, 13 Sep 2007 | 12:02 PM ET
    Federal Reserve Board Chairman Ben Bernanke delivers the board's Monetary Policy Report to the Senate Banking Committee in Washington Wednesday, July 19, 2006. "The recent rise in inflation is of concern," and possible increases in the prices of oil as well as other raw materials "remain a risk to the inflation outlook," Bernanke said. (AP Photo/Dennis Cook)

    Federal Reserve Chairman Ben Bernanke is scheduled to testify before the House Financial Services Committee on Sept. 20, a spokesman for the panel said.

  • ECB Highlights Uncertainty, Waiting for Credit Data Thursday, 13 Sep 2007 | 10:08 AM ET
    FILES - Picture taken 06 June 2007 shows a man walking past the European Central Bank (ECB) in Frankfurt/M. western Germany. The European Central Bank 14 August 2007 injected 7.7 billion euros (10.5 billion dollars) into the money market to calm liquidity fears in the wake of the crisis in the US home loan sector.

    The current turmoil makes a restart of the European Central Bank's tightening cycle uncertain.  It will take months before financial markets  return to normal.

  • Jobless Claims Rose Less Than Expected Last Week Thursday, 13 Sep 2007 | 8:58 AM ET
    Unemployment Line

    The number of U.S. workers signing up for jobless benefits edged up a smaller-than-expected 4,000 in a holiday-shortened week, a government report showed on Thursday.

  • BOE Lets Banks Borrow More Money Thursday, 13 Sep 2007 | 7:50 AM ET

    The Bank of England made on Thursday its biggest concession yet to banks caught up in the credit crisis, giving them greater flexibility on how much cash they can borrow without penalty to manage daily cashflow.