Interest Rates


  • Dow Pares Losses; Lehman Plunges Monday, 17 Mar 2008 | 11:40 AM ET

    Stocks plunged at the opening bell Monday as investors were spooked by the cash crisis at Bear Stearns that forced its sale for $2 a share to JP Morgan Chase.

  • Former SEC Boss Pitt Says Bear Rescue May Calm Markets Monday, 17 Mar 2008 | 11:01 AM ET

    The combination rescue-fire sale package of Bear Stearns happened so quickly and involves so much unknowns about its balance sheet, analysts struggled to put its role in the credit crunch into perspective.

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    You have to ask the question: can the up-‘til-now untouchable Manhattan real estate market survive under the weight of Wall Street’s banking implosion? With all those Bear Stearns folks suddenly seeing their stock-based bonuses disintegrate into nothing and credit and capital fleeing the building at an alarming rate, are those priciest of pricey pads going to be able to hold their value?

  • Fed Announces Emergency Steps to Ease Credit Crisis Monday, 17 Mar 2008 | 10:20 AM ET
    The Federal Reserve headquarters in Washington, DC.

    The U.S. Federal Reserve announced emergency measures to stem a fast-spreading global financial crisis, tapping tools last used in the Great Depression to pour funds into cash-starved Wall Street firms.

  • How Low Will Ben Go? Friday, 14 Mar 2008 | 10:51 PM ET

    With the FOMC meeting scheduled for Tuesday can you get ahead of the Fed?

  • European Stocks at the Mercy of US Outlook Friday, 14 Mar 2008 | 4:08 PM ET

    European stocks are set to be dominated by events in the U.S. next week, as the Federal Reserve is likely to cut rate cuts further and the big three U.S. brokerages deliver earnings to volatile markets.

  • Fed Tries To Stem Crisis, But It May Not Be Enough Friday, 14 Mar 2008 | 3:25 PM ET
    Federal Reserve Board Chairman Ben Bernanke delivers the board's Monetary Policy Report to the Senate Banking Committee in Washington Wednesday, July 19, 2006. "The recent rise in inflation is of concern," and possible increases in the prices of oil as well as other raw materials "remain a risk to the inflation outlook," Bernanke said. (AP Photo/Dennis Cook)

    Fed Chairman Ben Bernanke  is throwing all he’s got at the economy, but it may not be enough to combat both a recession and credit crunch.

  • Dollar Intervention Not Likely Friday, 14 Mar 2008 | 12:54 PM ET

    New talk from the Bush Administration about wanting a strong dollar, has fueled speculation that Washington will intervene in the markets to support the U.S. currency, but analysts say such a move is both unlikely and impractical at this time.

  • Consumer Prices Moderate on Lower Energy Costs Friday, 14 Mar 2008 | 9:54 AM ET

    Cheaper energy and transportation prices helped keep overall consumer prices in check, the Labor Department said, a surprise after a run-up that heightened concerns about inflation.

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    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?