OTTAWA, March 6- Bank of Canada Governor Stephen Poloz has made life more challenging for financial market forecasters, with an approach some say lacks enough guideposts to allow them to properly model the path of future interest rate moves. In addition to ditching the forward guidance pioneered in Canada by predecessor Mark Carney, now governor of the Bank of...» Read More
U.S. individuals and businesses are likely to see their borrowing costs drop further as the Federal Reserve weighs another interest-rate reduction to bolster a sagging economy.
Most investors are expecting another cut to the Fed Funds Target when the Federal Open Market Committee meets tomorrow. The debate has been whether it will be a cut of 25 or 50 bps. Here are some recent trends and facts on the Fed and the Fed Funds rate as well as a look at how the market performed the last time the Fed went into an extended phase of easing:
The surprising jump in December durable goods orders is reshaping the debate in some corners of Wall Street on whether the Fed will cuts its target Fed funds rate by a quarter or a half point tomorrow.
The Street wants a 50 bp cut from the Fed on Wednesday; it's widely believed that a 25 bp cut would be a real disappointment. The other hope for bulls is that nonfarm payrolls surprises on the upside this Friday.
The Phillips-Van Heusen CEO explains why his company should make the cut. Plus, Jim's favorite names in the sector.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.
Recession. Bear market. Credit crunch. Is it better to stay out of the stock market or use the recent selloff as a buying opportunity?
We're still too close to the precipice for the Fed to stop easing, Cramer says.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.
Stocks closed sharply higher as investors snapped up financial and homebuilder stocks on hopes that the Federal Reserve would keep cutting interest rates to prevent a recession.
Buried in the Commerce Department report on New Home Sales in December is the full year tally for 2007, and it ain’t pretty. Home builders sold 774,000 homes during the year, down 26.4 percent from 2006. Just imagine selling over a million homes one year and barely 75 percent of that the next!
Talk may be cheap, but the endless chatter about a looming recession may wind up being very costly to the US economy.
Wall Street is shopping for retail bargains. Even before consumers rang up the weakest Christmas in five years, retail shares were beaten down and plagued by worries of just how slow the American consumer will become in 2008.
After a record week for volatility what lies ahead? Find out from Oppenheimer Chief Market Technician Carter Worth.
There’s a lot of talk today about the new plan to temporarily raise the conforming loan limit from $417,000 to 125 percent of a local market’s median home price to a limit of $730,000. One of the biggest arguments is that by raising the limit, you are shifting away from the original mission of the GSE’s which was to bring affordable housing to low-to middle-income families.
The European Central Bank president thought banks had learned their lesson after Barclays and Iraq is bullish on oil production.
Bank of Japan Governor Toshihiko Fukui pledged on Friday to keep monetary conditions loose, reinforcing market expectations that rates will stay low, even as government data showed inflation at its highest in a decade.
Ok, now we've got that emergency rate cut from the Fed AND the full 75 bp the markets wanted...
While the Street is somewhat disappointed with the details of the stimulus package (most feel that $300 per person is not going to make a big difference), there is agreement that raising the conforming loan limit for mortgages that Fannie Mae and Freddie Mac can buy to $625,000 from $417,000 is an important development.
This morning, in response to a question from one of our anchors, I said that the bulk of foreclosed homes are not included in the existing home sales report from the National Association of Realtors because they don’t land on the MLS.
Weekly jobless claims for the second week appeared to defy the conclusion that conditions in the labor market are pointing to a recession.
President Bush on Friday called for about $145 billion worth of tax relief and other incentives to stimulate a sagging economy and fend off a possible recession.