The steady drop in the U.S. unemployment rate will lead the Fed to raise rates to ward off inflation, a forecaster said.» Read More
Selling in the financial sector bit into Tuesday's stock market performance and could do the same Wednesday. After the bell Tuesday, Fannie Mae announced that it was issuing $7 billion in preferred stock and chopping its dividend by 30 percent.
Australia's central bank skipped a chance to raise interest rates on Wednesday as turmoil in global credit markets clouded the outlook for the world economy, even as economic growth at home hit a three-year high.
If cutting interest rates could help ease America’s pain, might the Fed cut by 50 basis points?
Abby Joseph Cohen, chief investment strategist at Goldman Sachs, says the U.S. economy will rebound in mid-2008, but the next few months will be bumpy.
Stocks closed lower as investors worried about the impact of the credit crisis on the financial sector and on the wider economy.
U.S. chief executives' view of the economy improved in the fourth quarter, although they have become far more concerned about energy prices.
Federal Reserve Bank of San Francisco President Janet Yellen said on Monday that worsening financial conditions and weaker-than-expected economic data have raised downside risks to the economic outlook.
Things could get dire before the Fed meeting next week. But for rate cut hopes, bad news is good news.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.
Financial market anxiety has rebounded and the process of rebuilding confidence will be "long and slow," a top U.S. Treasury official said on Tuesday.
U.S. stocks closed lower Monday as major Dow components and financials outweighed hopes for a Fed rate cut and a government plan to rescue at-risk homeowners.
Treasury Secretary Paulson has been floating a plan to help people whose Adjustable Rate Mortgages (ARMs) are resetting at higher rates. The Street, for the most part, supports the plan, but does it really change the fundamentals of the housing industry?
Dow up 40 points, S&P up 4 points since Treasury Secretary Paulson has been on talking about efforts to help homeowners who are facing mortgage resets. Nothing new here; but the image of Paulson talking about problems are helping the markets.
Growth in U.S. factory activity slipped in November for the fifth straight month as tight credit conditions and the housing downturn restrained production, according to an industry report released Monday.
The Federal Reserve will cut interest rates by a full percentage point before June to help the housing market, Citigroup's chief economist, Lewis Alexander, said.
Stocks closed mostly higher on expectations that the Federal Reserve will cut interest rates and the U.S. government will help homeowners recover from the subprime mortgage crisis.
The U.S. Treasury Department and mortgage industry leaders are putting the final touches on a plan that could save struggling homeowners from foreclosure by freezing interest rates before they reset sharply higher.
Economists say the Fed is almost certain to lower interest rates Dec. 11, but key economic data in the week to come will determine if its a quarter point or half a point.
Here's the last series of emails I'll post on the reaction I got on the subprime interest rate freeze idea. Thanks to everyone who's been writing in. It's meant a lot to hear from you. Gina: I hate to see people lose their homes - but if they get an interest rate break THEN THE REST OF US SHOULD ALSO.
More of your email replies to the subprime loan interest rate freeze: Maria L: Wow! Health care is taboo for this administration, but we'll prop up incompetent lenders and borrowers. Brett P.: Remember when Congress used to pass laws "that were equally applicable to every person"? Me neither.
The U.S. economy is continuing to show weakness in everything from personal spending and income to construction spending, according to several reports out Friday