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Interest Rates

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  • Fed's Fisher: Rate Cuts Need Time to Work Friday, 22 Feb 2008 | 2:54 PM ET
    Hundred Dollar

    Dallas Federal Reserve President Richard Fisher said on Friday that it will take some time for interest-rate cuts the Federal Reserve has made since last September to kick in and boost the economy.

  • Pimco's Gross: Fed Cuts Are No Help for Housing Friday, 22 Feb 2008 | 12:19 PM ET
    For Sale Signs

    The Federal Reserve's aggressive interest-rate cuts have failed to push mortgage rates lower and thus have done little to help the battered U.S. housing market, said Bill Gross, chief investment officer at Pimco, the world's largest bond fund.

  • There’s something called remorse. Maybe you’ve heard of it. Clearly Countrywide Financial spacer is not in touch with that emotion right now. While many Americans are struggling to pay mortgages they never should have been offered or are staring down the face of foreclosure...

  • Re-listing Homes: Your Emails On My Post Thursday, 21 Feb 2008 | 3:05 PM ET

    I got a lot of responses to my previous post about re-listing homes. Here's a sample: From Blair D: "I think re-listing can hurt the seller as much as the buyer in this market. I know of people who are interested in buying a house but are sitting on the sidelines waiting to get the best deal...

  • Re-listing: I Think It's Cheating--What Do You Think? Thursday, 21 Feb 2008 | 11:40 AM ET
    For Sale Signs

    There’s been a lot of talk in the blogosphere lately about the phenomenon of “re-listing”, and so it behooves me to weigh in. “Re-listing” is when an agent takes a property that’s been sitting on the market a bit longer than one might like and removes it from the market, only to “re-list” it days or even minutes later as a “fresh” listing.

  • Philly Fed Factory Activity Slumps Further in February Thursday, 21 Feb 2008 | 8:39 AM ET
    Auto assembly line

    Contraction in U.S. Mid-Atlantic factory production accelerated in February as manufacturers pulled back in anticipation of an economic downturn, according to the Philadelphia Federal Reserve.

  • EU Cuts Euro Zone Growth Outlook, Sees Inflation Up Thursday, 21 Feb 2008 | 7:47 AM ET

    Euro zone economic growth is expected to slow to 1.8 percent this year from 2.7 percent in 2007, while inflation should stay well above the European Central Bank target, the European Commission said on Thursday.

  • That '70s Look: Stagflation Thursday, 21 Feb 2008 | 5:17 AM ET

    Lately, many people are hearing an echo — faintly perhaps but distinctly audible — of the stagflation of the 1970s.

  • Japan Exports Rise but Trade Gap Biggest in Two Years Wednesday, 20 Feb 2008 | 9:20 PM ET

    Japan's exports rose more than expected in January from a year earlier as solid shipments to Asia and Europe cushioned soft exports to the United States, a major destination for Japanese goods.

  • Inflation Gathers Steam as Housing Slides Further Wednesday, 20 Feb 2008 | 4:25 PM ET

    US inflation accelerated in January in a worrying sign for the Federal Reserve's campaign to bolster the flagging economy. 

  • Fed Sees Credit, Housing Cutting Into Growth Wednesday, 20 Feb 2008 | 3:01 PM ET
    The Federal Reserve headquarters in Washington, DC.

    The Federal Reserve lowered its projection for economic growth this year, citing damage from the housing slump and credit crunch.

  • Fed's Poole: Recession Unlikely but Inflation a Risk Wednesday, 20 Feb 2008 | 2:47 PM ET

    The U.S. economy will probably avoid a recession but inflation is also a risk and the Federal Reserve must not ignore this threat as it battles weak growth, one of the Fed's top policy-makers said.

  • Text: FOMC Minutes Wednesday, 20 Feb 2008 | 2:21 PM ET
    Federal Reserve Bank Chairman Ben Bernanke

    The text of the minutes from the Federal Open Market Committee's meeting on January 29-30, released on February 20, 2008.

  • Housing Starts And A "True" Leap Of Faith Wednesday, 20 Feb 2008 | 12:46 PM ET

    The monthly report on housing starts released today from the U.S. Dept. of Commerce didn’t have the shock and awe of last month, when the report showed a whopping 14.2 percent free fall from the month before (that was actually revised even further to 14.8 percent by the way), but it still has analysts concerned.

  • 'New' Conforming Loan Limits Look -- Limited Tuesday, 19 Feb 2008 | 12:11 PM ET

    Before you all go running to your mortgage brokers, screaming to refi your adjustable rate mortgages into good ol’ 30-year fixed rate loans under the “new temporary” conforming loan limits agreed to in the recently-signed stimulus package, take a breath. It might not be all Congress cracked it up to be.

  • Fed's Stern Says Rate Cuts Should Protect Economy Tuesday, 19 Feb 2008 | 9:43 AM ET

    The Federal Reserve's interest rate cuts are appropriate to restore stability in financial markets and prevent damage to the broader economy, Minneapolis Fed President Gary Stern said on Tuesday.

  • Australia's Central Bank Considered Aggressive Hike Monday, 18 Feb 2008 | 10:19 PM ET

    Australia's central bank considered raising interest rates by a more aggressive 50 basis points at its Feb. 5 policy meeting, minutes of the meeting showed on Tuesday, pointing strongly to further hikes ahead.

  • Stocks Up for the Week Despite Holiday Sell-Off Friday, 15 Feb 2008 | 5:18 PM ET

    Investors usually cash out ahead of a holiday weekend and, in this jittery environment, they found their reasons to sell today: a slew of bleak economic reports and a profit warning from Best Buy.

  • Recession Worries Spur Sell-Off Ahead of Holiday Friday, 15 Feb 2008 | 2:32 PM ET

    Investors usually cash out ahead of a holiday weekend and, in this jittery environment, they found their reasons to sell today: a slew of bleak economic reports and a profit warning from Best Buy.

  • Banks to Set Tone for European Stocks Friday, 15 Feb 2008 | 12:05 PM ET

    The fate of European stocks rests with banks next week, as big financial institutions are due to report earnings and investors will remain very nervous about the health of the sector, analysts said on Friday.