Interest Rates


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  • The Federal Reserve's statement today did not change the view of most economists and strategists according to a CNBC Econ-Recon Snap Survey. A strong majority believe the Fed will keep rates unchanged at its next meeting in September. The survey of almost 60 of Wall Street's top economists and strategists was conducted for one hour immediately following the Fed's announcement.

  • Dollar Up vs. Euro, Down vs. Yen as Fed Holds Tuesday, 7 Aug 2007 | 5:20 PM ET

    The dollar edged higher against the euro but a touch lower versus the yen Tuesday, after the Federal Reserve kept U.S. interest rates steady as expected, and inflation remained its primary concern.

  • The Federal Reserve left a key interest rate unchanged on Tuesday as worries about inflation trumped concerns about turbulent financial markets.  Fed Chairman Ben Bernanke and his colleagues voted unanimously to keep their target for the federal funds rate, the interest that banks charge each other, at 5.25 percent, where it has been for more than a year.

  • top bond fund manager said the Federal Reserve will ultimately need to lower interest rates in order to counteract a slowdown in the U.S. economy.Bill Gross, founder and manager of the PIMCO Total Return Bond Fund said the Fed's decision to keep interest rates unchanged at 5.25% was expected but future action should be taken.

  • The U.S. Federal Reserve is expected to hold overnight interest rates steady and reaffirm concerns about inflation at its meeting on Tuesday, but may also acknowledge emerging signs of economic weakness.

  • CNBC's Domm: It's all up to the Fed today. Tuesday, 7 Aug 2007 | 9:53 AM ET

    The Bernanke Fed is being put to its first big test as Fed watchers monitor its handling of the credit drama when it releases its statement at 2:15 p.m. The Fed's one day meeting is not expected to end with any adjustment in rates, but traders are hoping for a tweaking of the Fed statement with language that will soothe some of the anxiety about mortgage and credit markets.

  • The dollar rebounded against the yen on Monday, riding a rally in U.S. stocks ahead of Tuesday's Federal Reserve meeting.  The U.S. currency nearly hit an all-time low against the euro, however, and remained weak against other major currencies amid concern over the health of the U.S. economy.

  • CNBC's Domm: Today's Agenda in the Markets (update) Monday, 6 Aug 2007 | 12:56 PM ET

    Stocks are finding their feet on higher ground this morning as a positive tone embraces equities markets worldwide. Oil continues to back down from the new high struck earlier this week.

  • Jim Cramer's Mortgage Outcry: My Take On It Monday, 6 Aug 2007 | 10:48 AM ET

    Let me just preface by saying that I don't make a habit of commenting on what other colleagues at CNBC say. It's neither prudent, nor necessary. I also didn't even plan on blogging this week; I'm on vacation for crying out loud! But my BlackBerry was buzzing off the base this weekend, with housing bloggers begging me to respond to Jim Cramer's outcry on Friday about the Fed and the mortgage market. So let me just blog here respectfully.

  • CNBC's Domm: Today's Agenda in the Markets Monday, 6 Aug 2007 | 9:57 AM ET

    U.S. stocks futures are slightly firmer ahead of the opening in a market still cranky about credit worries and pondering the Fed's next move. European stock markets are mixed after trading lower this morning, and Asian stocks were lower overnight.

  • Rebalancing Act: Think Big, Think Large Cap Friday, 3 Aug 2007 | 4:47 PM ET

    The recent market selloff has been quick and painful for many investors but market strategists say large cap multinational U.S. companies remain a good bet as the globalization story remains intact.

  • “They’re pulling themselves out of the market to regroup,” is what one of my mortgage broker buddies told me on the phone this morning when I asked how in the heck Wells Fargo could raise rates on a 30-year jumbo fixed rate mortgage from 6 7/8% to 8% overnight. A jumbo is anything over $417,000, and given today’s home prices, that’s going to hit an awful lot of borrowers.

  • If I’m wrong, then I’m the first one to say it. But I have to say; I can’t believe I’m wrong about this. Given all the news, data, analysis, and sheer emotion of the current downturn in the housing market, you would think an awful lot of Americans would be worried, concerned, maybe a little, well, interested? Maybe not so much.

  • Euro-Zone Rates Stay at 4%, U.K. Remains at 5.75% Thursday, 2 Aug 2007 | 9:49 AM ET

    The European Central Bank kept its core lending rate at 4% Thursday, as widely expected, but a hike in September was signaled. The Bank of England also held steady, leaving rates at 5.75%.

  • Beazer, Rumor: Can You Say Edgy?? Wednesday, 1 Aug 2007 | 3:45 PM ET

    One rumor on the floor that Beazer might be in trouble and -- boom -- the whole sector drops like a brick. I run around calling all the analysts I know, and one by one they say it's all unfounded -- yeah, Beazer has some issues with litigation and its lending practices, and there's that SEC investigation that was announced as "formal" last week, but overall they're in no worse position than any of the other beleaguered home builders. Their stock may be, but the company isn't.

  • CNBC's Domm: Today's Agenda in the Markets Wednesday, 1 Aug 2007 | 8:58 AM ET

    A selling wave in global stock markets is sweeping futures lower this morning as subprime and credit woes once more rise to the surface. A new disclosure about a third troubled hedge fund at Bear Stearns is rattling investors.

  • So it’s only a few hours after I blogged about C-Bass and American Home Mortgage is providing a crystal ball. Shares of AHM are down 87% after the company said it just can’ fund all those home loans and may have to liquidate its assets. It’s the margin calls, same as C-Bass.

  • Subprimes, C-Bass And My Serious Concerns Tuesday, 31 Jul 2007 | 1:45 PM ET

    What’s the worst business to be in nowadays? No, not Lindsay Lohan’s PR agent. Try a company that buys troubled subprime mortgages, improves collection rates and then sells them at a profit as packages of debt to hungry investors. That might have been a fun business last year; not so much this year.

  • CNBC's Domm: Today's Agenda in the Markets Tuesday, 31 Jul 2007 | 8:52 AM ET

    Stocks are ready to spring higher on the opening as economic data, earnings and some merger news gets investor attention this morning. GM's better-than-expected earnings report is adding a positive tone.