Steve Goldman, Managing Director of Kapstream Capital, says it's clear that the Fed's goal is to end quantitative easing in October and start raising interest rates next year.» Read More
Stocks opened higher Thursday after a better-than-expected report on jobless claims, and raised outlooks from Dow components DuPont and Wal-Mart.
Federal Reserve Chairman Ben Bernanke said the U.S. economy could face a mild recession but that growth should pick up as the impact of aggressive interest rates cuts are felt.
The U.S. economy has "turned down sharply" and is at risk of weakening further because of the slump in housing, Treasury Secretary Henry Paulson said.
The European Central Bank kept rates on hold at 4 percent, as expected, on Thursday, sticking to its mandate to fight inflation at any cost. Economists now think the possibility of monetary easing is more likely as late as the fourth quarter.
The US trade deficit widened unexpectedly in February as imports of consumer and other goods set a record and grew faster than exports, which hit a record for the 12th consecutive month, a government report showed on Thursday.
The Federal Reserve will stop cutting interest rates once it is assured that the economic contraction is limited to the financial sector, PIMCO CEO Mohamed El-Arian told CNBC.
The Bank of England cut interest rates by 25 basis points to 5 percent on Thursday, amid continuing weakening in the housing market and as fears of an economic slowdown increased.
Wall Street banks are the first to be blamed for the credit crunch. Central banks come a close second, but as the Federal Reserve's image is suffering, the European Central Bank looks as solid as a rock.
Let me not to the marriage of true minds admit impediments, I always say (ok, you know I didn't say it), but this one boggles the mind. As House Financial Services Committee Chairman Barney Frank was launching unveiled threats to lenders today that they'd better write down the value of troubled loans or face stiff regulation in the future...
The Federal Reserve is mulling further steps to address liquidity problems in financial markets should measures taken to date fail to gain traction, a Fed official confirmed Wednesday.
The Bank of England will probably cut interest rates to 5 percent Thursday, in the hope of alleviating the impact of the credit crunch, but inflation expectations are on the rise, adding to the central bank's dilemma, analysts told CNBC.com.
The European Central Bank's mission to fight inflation prevents it from worrying about economic weakness. But an abrupt slowdown could anger politicians and endanger the central bank's very mandate.
Former Federal Chairman Alan Greenspan told CNBC he had little to do with the housing bubble or credit crisis despite criticism the Fed kept interest rates too low under his watch.
Former Federal Reserve Chairman Alan Greenspan has defended himself from charges that easy U.S. monetary policy created the current credit crisis by inflating a housing bubble, and instead blamed professional investors.
Worries about a deep recession--not a shallow one--drove Fed policymakers to slash interest rates again last month, according to minutes of their meeting.
I realize you’re all going to get on my case again for saying something nice about a home builder, but here’s the thing: After reporting the obscene amount of money a certain CEO of a certain mega-mortgage company raked in last year (Mozilo of Countrywide), I simply have to give a shout-out to Lennar for their no-performance, no-pay policy.
The following is the text of the minutes from the Federal Open Market Committee's meeting of March 18, issued on Tuesday:
Not since the defenestration of Prague has anyone landed in a bigger pile of doo-doo than I did last week, when I defended a tax break for the nation’s home builders. The Senate finished up its version of a bill to save troubled homeowners, and it included a provision that would allow home builders to carry losses back several years to profitable years.
A gauge of small business optimism in the United States sunk in March to a 22-year low, as small business owners clamped down on plans to create new jobs and expand business operations, a survey released Tuesday showed.
The Mortgage Bankers didn't like my post today, even though I cited the Washington Post as my source. They claim the Post story was not right. I'm not taking sides, I just want all the sides to have their say, so here's the MBA: