Interest Rates


  • woe_is_housing_200.jpg

    I’m at the point now where I honestly can’t keep track of all the foreclosure fix proposals out there right now. Today we got a few more. One is from the National Community Reinvestment Coalition, which, in what it calls a “market-driven plan,” wants the government to buy loan pools at a discount and then sell those same loans back to Wall Street...

  • Australia's Hiring Surge Takes Jobless to 33-Year Low Wednesday, 12 Mar 2008 | 10:18 PM ET

    Australian employment growth blew past all expectations in February while the jobless rate hit fresh 33-year lows, reviving speculation that the drum-tight labor market might yet spark another rise in interest rates.

  • Fed Moves to Ease Credit May Not Be Enough Wednesday, 12 Mar 2008 | 3:27 PM ET
    The Federal Reserve headquarters in Washington, DC.

    This week's central bank efforts to unfreeze credit markets will offer only temporary relief and more pain can be expected before a market recovery, analysts said.

  • Dow Jumps 1%; Caterpillar, Bear Climb Wednesday, 12 Mar 2008 | 11:36 AM ET

    U.S. stock index futures pointed to a broadly flat open for Wall Street Wednesday, following the previous session's huge rally, as investor enthusiasm at the prospect of more liquidity and looser collateral rules by the Federal Reserve started to dwindle.

  • ECB Still Flying the Anti-Inflation Flag Proudly Wednesday, 12 Mar 2008 | 10:04 AM ET

    It is the ECB's mandate, credo and conviction that only an inflation-free (inflation-free in ECB speak is a rise in consumer prices of no more than 2 percent) economy is a healthy economy and that price stability is the best guarantor for economic growth and prowess.

  • Jim Rogers: 'Abolish the Fed' Wednesday, 12 Mar 2008 | 9:54 AM ET
    The Federal Reserve headquarters in Washington, DC.

    If investor Jim Rogers woke up as Ben Bernanke, he'd quit and close up the Federal Reserve for providing 'socialism for the rich,' he told CNBC Europe.

  • Bond Deals Push Counties Close to Bankruptcy Wednesday, 12 Mar 2008 | 8:16 AM ET

    Jefferson County is teetering on the brink of bankruptcy after a series of exotic bond deals that the bankers concocted went wrong, and the interest on its debts, rather than shrinking as the bankers had promised, has ballooned like a bad subprime mortgage.

  • Australia Consumer Sentiment Slumps as Rates Rise Wednesday, 12 Mar 2008 | 1:30 AM ET

    Australia's trade deficit ballooned 41 percent in January as strong domestic demand sucked in imports while bad weather and supply bottlenecks crimped export growth. 

  • Wall Street Cheers the Fed's Move But Hopes for More Tuesday, 11 Mar 2008 | 4:43 PM ET
    Traders on the floor of the New York Stock Exchange gather around a Bank of America trading post just prior to the announcement by the Federal Reserve that it had raised a key interest rate for the twelfth consecutive time, Tuesday, November 1, 2005. The Federal Reserve, still concerned about inflation, raised the interest rate to the highest level in more than four years and signaled more increases are likely.  (AP Photo/Henny Ray Abrams)

    Stocks rebounded on news of the Fed's efforts to ease credit, staging  the biggest rally of the year.  But traders hoped the Fed had even more cards to play

  • Dollar May Get Only Temporary Lift From Fed Move Tuesday, 11 Mar 2008 | 3:43 PM ET
    Dollar Bill

    Steps by the Federal Reserve and other central banks to pump liquidity into stressed creditmarkets will temporarily help the ailing dollar, but not provide a long-term cure as risks of a U.S. recession mount.

  • Will the Fed's Latest Effort Mean a Smaller Rate Cut? Tuesday, 11 Mar 2008 | 1:49 PM ET

    The  Fed's latest move to ease credit raised two questions:  Will it be enough to stem the crisis and will it mean a smaller interest-rate cut at next week's meeting?

  • The Fed’s Move and Your Mortgage Tuesday, 11 Mar 2008 | 11:45 AM ET

    So I’ve been calling around to find out what today’s move by the Federal Reserve -- pumping all that money into the financial markets -- will mean to John and Jane Doe on Main St., out shopping for a mortgage. See what my contacts had to say...

  • ECB to Auction $15 Billion to Ease Credit Tensions Tuesday, 11 Mar 2008 | 9:24 AM ET

    The European Central Bank plans to auction up to $15 billion in extra 28-day dollar refinancing to euro zone banks to ease tensions on interbank lending markets, the ECB said on Tuesday.

  • Treasury Official Predicts Second-Quarter Rebound Tuesday, 11 Mar 2008 | 8:40 AM ET

    The U.S. economy could start to see a recovery as soon as April, despite current conditions indicating a greater risk for contraction, a senior U.S. Treasury official told CNBC Europe Tuesday.

  • Taken Hostage Monday, 10 Mar 2008 | 6:42 PM ET

    With the stock market under siege from the credit freeze, what can you expect from the Fed?

  • housing_buy_sell_hold.jpg

    As home prices continue to fall and foreclosed properties flood the marketplace, a lot of folks are wondering if now is the time to get in on the good deals. I realize there will be many, many differing opinions on this, but I thought I’d offer just a few:

  • Expert Roundup: Shaking Out the Credit Crunch Monday, 10 Mar 2008 | 11:57 AM ET

    Ahead of the Fed's meeting next week, Squawk Box brought in a special guest lineup to address the economy, commodities, banks and interest rates.

  • Wholesale Inventories Climb, But So Do Sales Monday, 10 Mar 2008 | 10:22 AM ET

    U.S. wholesale inventories rose 0.8 percent in January, while sales leapt 2.7 percent, thelargest increase in nearly four years, the Commerce Department said.

  • Goldman Sachs Doesn't Rule out Fed Rate Cut Today Monday, 10 Mar 2008 | 9:06 AM ET

    An emergency interest rate cut from the Federal Reserve is possible ahead of its March 18th policy meeting, according to a Goldman Sachs research note on Monday.

  • If Recession Is Now Here, When Is It Going to End? Friday, 7 Mar 2008 | 2:48 PM ET

    A second straight month of job losses all but ended the debate over whether the U.S. economy has slipped into recession. Now the question is how to get out.