MUMBAI, June 3- The Reserve Bank of India's new inflation mandate could stop it from lowering interest rates again this year if drought strikes, and bond yields have risen sharply on the possibility that the latest rate cut would be the last for some time. After the central bank cut rates on Tuesday for the third time this year, Governor Raghuram Rajan explicitly...» Read More
Below is the minutes released by the Federal Open Market Committee after its July 24 meeting on interest rate policy:
Most Fed officials thought interest rates weren't too low at the August meeting, but they also expected their next move would be to boost rates, minutes show.
First, let me say that I don’t believe in month-to-month data when it comes to the housing market; I think it’s far too volatile, whether it’s prices, sales or even mortgage applications (the mortgage bankers issue a three-month moving average, which is much more accurate). That said, I want to talk about home prices today...
I was heartened to learn Monday that there is actually a price point at which buyers are willing to get back into today’s housing market -- despite the fact that economists, builders and the CEOs of Fannie and Freddie all say that house prices will continue to fall. But don't pop the champagne corks just yet.
As U.S. Fed chiefs met in Jackson Hole, Wyoming to discuss ways of preventing another credit crisis, CNBC's Steve Liesman asked top economic minds for their insight on the government's actions.
Federal Chairman Ben Bernanke indicated the Fed should be able to keep interest rates low for some time, as the recent drop in commodity prices should reduce the threat of inflation.
It's hard to say whether Wall Street's fear of itself or rising oil prices will be more of an impediment for stocks this week. Both of those trends were apparent Tuesday and could continue to hang over the market Wednesday.
Inflation and housing data and retailers' earnings could contribute to Wall Street's early direction Tuesday. But the stock market will continue to fret over the financial sector and worry through every move in the oil markets.
Bill Gross, founder and chief investment officer of Pimco, does not believe the U.S. Federal Reserve will raise interest rates, he told CNBC on Friday.
I’m always asking the question: If there are so many lenders and so many programs trying to help troubled borrowers, why do the foreclosure numbers keep going up?
It's hard to see Friday's markets as anything but volatile after this past week's wild swings. But if there are no out of the ordinary events, traders say the stock market just might quiet down late in the session as investors head off for one of the final weekends of the summer.
RealtyTrac, the online foreclosure sale site, put out its monthly report today, and it shows foreclosure filings on 272,171 properties in July. That’s up 55% from a year ago.
In response to weak employment news (for example, claims for jobless benefits increases their most in 16 years in July) and a downgrade by the Bank of England in its assessment of England's economic outlook, expectations for interest rate cuts from the Bank of England ramped up today.
The number of U.S. workers filing new claims for jobless benefits fell by 10,000 last week but remained at levels that show labor markets under severe strain.
Costlier energy and food helped push July prices up, but oil prices have begun to decline and analysts hope that the worst might be over.
The euro zone economy recorded its first ever contraction in the second quarter, pulled down by falling activity in its biggest economies, which could lead to a technical recession.
China's industrial output growth slowed to 14.7% in the year to July, a 19-month low, as manufacturers struggled with weakening export demand and rising input costs, the government said on Thursday.
Stocks will be on inflation watch Thursday. Volatile trading in oil and commodities promises to spill into the stock market again. On Wednesday, energy and other commodities rose, reversing a selling trend and worrying investors, who have been hoping for a reprieve from inflation.
So how do you report a 34 percent drop in revenue, a 35% drop in net contracts and a nearly 20% cancellation rate and still come out as the darling of the home building analysts? Welcome to today’s housing market.
High-yield corporate bonds are set to make good returns and are a more attractive way of buying into the credit space than bank shares which remain very volatile, Charlie Morris, manager of global trend fund at HSBC Investments told CNBC Wednesday.