GO
Loading...

Interest Rates

More

  • Bernanke Says Fed Ready To Cut Interest Rates Again Thursday, 14 Feb 2008 | 11:06 AM ET
    Federal Reserve Bank Chairman Ben Bernanke

    Fed  Chairman Bernanke told Congress the country's economic outlook has deteriorated and signaled that the central bank is ready to keep lowering rates.

  • Read Ben Bernanke's Testimony Thursday, 14 Feb 2008 | 10:46 AM ET

    The full text of Federal Reserve Chairman Ben Bernanke's prepared testimony on the state of the U.S. economy and financial markets delivered before the Senate Banking Committee.

  • Singapore's Economy Shrinks, First Time Since 2003 Thursday, 14 Feb 2008 | 12:06 AM ET

    Singapore cut its economic growth forecast for 2008 on Thursday after the first quarterly contraction since 2003, citing worries about a U.S. recession, and said inflation would be higher than it thought earlier.

  • Australia Unemployment at New Low, Rings Rate Alarm Wednesday, 13 Feb 2008 | 9:46 PM ET

    Australia's jobless rate surprised by falling to a 33-year low of 4.1 percent in January, adding to concerns the drum-tight labor market was stoking inflation and cementing the case for an urgent rise in interest rates.

  • Japan's Economy Grows Faster-Than-Expected Wednesday, 13 Feb 2008 | 8:32 PM ET

    Japan's economy grew 0.9% in the last quarter of 2007, double the expected rate, but a likely slowdown this year meant analysts still saw the Bank of Japan keeping interest rates on hold in 2008, or possibly cutting them.

  • Will the Fed Chairman Send Wall Street a Valentine? Wednesday, 13 Feb 2008 | 2:46 PM ET
    bb_heart_LLoverride.jpg

    Fed Chairman Ben Bernanke has yet to win the hearts and minds of many on Wall Street. But a stand-out performance during his appearance before Congress on Valentine’s Day may bring him considerably more admirers.

  • Builders Don't Get Bail Out, So They "Bail" On Congress Wednesday, 13 Feb 2008 | 12:37 PM ET
    congress.jpg

    Late yesterday afternoon--amid many email releases from National Association of Home Builders, which is holding its annual convention in Orlando--came THIS statement from the NAHB President:

  • S.Korea Holds Rates, Says Risks to Economy Growing Tuesday, 12 Feb 2008 | 9:51 PM ET

    South Korea's central bank on Wednesday held interest rates steady for a sixth straight month as widely expected, but bond futures recouped early losses after the Bank of Korea said inflation would gradually slow.

  • UK Real-Estate Sentiment Sinks Lower in Jan. Tuesday, 12 Feb 2008 | 7:24 PM ET
    house.jpg

    British housing-market sentiment continued to weaken in January, marking six months of pessimism in the sector, a key indicator showed Wednesday, as the number of surveyors reporting falling home prices increased to a level not seen since the recession in 1992.

  • Bernanke Expects Housing Recovery by Year End Tuesday, 12 Feb 2008 | 3:59 PM ET
    Federal Reserve Bank Chairman Ben Bernanke

    Federal Reserve Chairman Ben Bernanke told lawmakers Tuesday he expects the downtrodden U.S. housing sector to improve by the end of the year.

  • Henry Paulson

    Another day, another press conference from Treasury Secretary Henry Paulson to announce another addendum to the “Hope Now” initiative to save troubled borrowers. I have to say I came away from this one scratching my head a bit more than usual.

  • Fed's Poole Predicts US Will Avoid Recession Tuesday, 12 Feb 2008 | 10:11 AM ET

    The U.S. appears likely to avoid an economic downturn but the chances of a recession have risen, St. Louis Federal Reserve Bank President William Poole said Monday.

  • UK Producer Price Inflation Hits 16-Year High Monday, 11 Feb 2008 | 3:22 PM ET
    worker_override.jpg

    UK factory gate inflation surged to a 16-year high in January, while input price inflation reached an all time high, official data showed on Monday.

  • Florida Taking Its Toll (Brothers) On Daughter's Condo Monday, 11 Feb 2008 | 10:42 AM ET
    toll_brothers.jpg

    You just can’t make this stuff up. Apparently even a big builder’s daughter can’t seem to keep faith in the Florida housing market. According to an SEC filing, Wendy Topkis, daughter of Toll Brothers co-founder and Vice-Chairman Bruce Toll, is walking away from a Florida condo, just like everyone else. A Toll Bros. condo!! The Palm Beach Post says it best: Et Tu Wendy?

  • Australia's Central Bank Warns of More Rate Rises Sunday, 10 Feb 2008 | 9:00 PM ET
    RBA.jpg

    Australia's central bank bluntly warned on Monday that it would likely need to raise interest rates again to restrain inflation, even as it trimmed its outlook for economic growth.

  • forclosure.jpg

    One year ago today, HSBC announced its first writedown relating to subprime mortgages. So one year later, you have to ask, where are we in the process of saving subprime borrowers? Answer: damned if I know!

  • The Week in Europe Friday, 8 Feb 2008 | 1:27 PM ET

    From the deadline for the Northern Rock bids to the rate decisions by the European Central Bank and the Bank of England, here are the events that have shaped this week:

  • Fed's Yellen 'Not Confident' Recession Avoidable Friday, 8 Feb 2008 | 10:00 AM ET
    yellen.jpg

    In remarks to an audience in Honolulu, Yellen said that an extended spell of slow growth  as the most likely outcome, but she later told reporters that a recession was within the range of normal forecasting error.

  • Japan Machinery Orders Fall More Than Forecast Thursday, 7 Feb 2008 | 9:30 PM ET

    Japan's core machinery orders fell more than expected in December, suggesting that corporate activity is feeling the pinch from slowing U.S. growth. But manufacturers still forecast that core orders, regarded as a leading indicator of capital spending, would rise in January-March from the previous quarter.

  • This Bubble Is Worse Thursday, 7 Feb 2008 | 6:50 PM ET
    tomorrows_playbook_1.jpg

    Has the Fed's monetary policy sown the seeds for an enormous recession? Find out from strategic investor, Bill Fleckenstein.