*Fed cuts monthly bond buying by $10 billion. *Still focused on "significant" labor market slack. WASHINGTON, July 30- The Federal Reserve on Wednesday reaffirmed it was in no rush to raise interest rates, even as it upgraded its assessment of the U.S. economy and expressed some comfort that inflation was moving up toward its target.» Read More
I went up to Capitol Hill this morning because about 1,200 members of the National Association of Home Builders are taking their annual day of action up here. It couldn't be more timely, as several bills are working their way through Congress to help builders and borrowers alike and to right the housing market.
Even though the economy continued to grow in the first quarter, many economists believe we're already in a recession.
Stocks advanced Wednesday after a slightly better-than-expected report on economic growth. General Motors shares jumped after the auto maker posted a smaller-than-expected loss.
“The news on the economy is going to be pretty much unrelentingly bad in the next few months,” says one economist, who adds there’s good chance the Fed will keep cutting rates after Wednesday's meeting.
The bruised economy limped through the first quarter of this year at only 0.6 percent as housing and credit problems forced people and businesses alike to hunker down.
With Fed Fund Futures indicating an ~80% probability that the Fed will cut rates 25 basis points today, here are the stocks that faired best on each of the last three rate cut days.
Euro zone inflation slowed more than expected in April, an early estimate showed, but economic sentiment also deteriorated faster than forecast, pointing to slowing economic growth.
Wednesday holds the first-quarter GDP report as well as the Fed's interest rate decision. Find out what to expect from both.
Stocks closed mixed in thin trading Tuesday as the tide turned in technology's favor. Airline stocks rose as oil prices receded. Merck skidded after an FDA rejection.
Stocks pushed higher Tuesday despite concerns about interest rates ahead of the Federal Reserve's decision. Merck skidded after an FDA rejection. Airline stocks rose as oil prices receded.
Stocks declined Tuesday amid concerns about interest rates and a slide in consumer confidence. Merck dragged on the Dow industrials after the FDA rejected a key cholesterol drug.
Depending on how much of the economic stimulus check is promptly spent -- and on what -- it could mean the difference between the U.S. economy eking out marginal growth in the coming months or slipping into a deep recession.
I want to bring your attention to a disturbing little sub-number in today’s quarterly foreclosure report from California-based RealtyTrac. RealtyTrac reports “foreclosure activity,” which covers default notices, auctions sale notices and bank repossessions.
As the U.S. Treasury races to get rebate checks to households, higher gasoline prices are blunting the economic impact of the $152 billion stimulus package.
Stocks were indicated to open slightly lower Tuesday, but big moves are unlikely until the Federal Reserve announces its decision on interest rates on Wednesday.
The Federal Reserve looks set to deliver a small interest rate cut on Wednesday, though the central bank could signal that this is the last in a cycle.
Tuesday could be another wait-and-see day in the markets as investors count down to the Fed's Wednesday afternoon interest rate announcement. But it may be earnings news that has the biggest sway over stocks.
Wall Street’s on the edge of its seat ahead of Wednesday’s interest-rate announcement. You should be on the phone with your broker.
Stocks finished flat Monday as concerns about the Federal Reserve's rate decision in a couple of days kept a lid on activity generated by merger buzz.
The U.S. dollar may lurch higher on Wednesday if the Federal Reserve signals an end to its campaign of slashing interest rates, but a rally would soon fizzle if April's jobs report comes in well below forecasts.