Steve Goldman, Managing Director of Kapstream Capital, says it's clear that the Fed's goal is to end quantitative easing in October and start raising interest rates next year.» Read More
I'm on day two of my shoot for "Business Nation," focussing on just what caused the Miami condo market to rise and fall so fast. Today, I met Mark Zilbert, founder of condoflip.com, which he has of course renamed condosupercenter.com.
The dollar rose to a 1-month high against the yen on Wednesday, after a report on the U.S. services sector in September reflected growth in employment, boding well for Friday's non-farm payrolls data.
The U.S. private sector increased hiring at a moderate pace for a third straigth month in September, according to the ADP employment report released Wednesday.
Australia's central bank held interest rates steady as expected on Wednesday, likely waiting for global credit turmoil to calm and for a critical update on domestic inflation before deciding whether to hike again.
Pending sales of previously owned homes fell by a larger-than-expected 6.5% in August as more borrowers seeking home loans were turned away by cautious lenders, a real estate trade group said on Tuesday.
The dollar rose Tuesday from record lows hit during the prior session as investors trimmed overstretched bets against the U.S. currency ahead of key economic data later this week.
Swiss consumer price inflation picked up in September, driven by higher oil prices, but the price rise was smaller than expected.
October's normally the month to fear on Wall Street, but it'll be hard to top the scary volatility of the summer. A hefty economic calendar, the start of corporate earnings season, news from the mired housing market, and the continuing unwinding of the credit crunch will keep market volatility high this coming month.
The dollar rose slightly from record lows against the euro Monday as investors cashed out bets against the U.S. currency ahead of a fresh batch of economic data and central bank meetings this week.
So I just received a press announcement from Washington Mutual, “unveiling a new, industry-leading standard for mortgage brokers” with whom they do business. Ok, great I say! Good for you guys, implementing new groundbreaking standards to clean up the mortgage business once and for all. I read on.
The fate of the world economy hinges on what happens to house prices in America and that may not be a good thing, former Federal Reserve chairman Alan Greenspan said on Monday.
Britain will raise depositors' protection on their savings to 35,000 pounds, finance minister Alistair Darling will say on Monday after the country suffered its first bank run in more than a century last month.
If you want to know what former Fed Chairman Alan Greenspan thinks are the current chances of a recession, try this: When I sat down with him to do a “fireside chat” in Washington D.C., he said that he thought the odds of a recession were higher but still below 50 percent.”
Bouts of economic and financial market turbulence over the past 25 years have shown policymakers that transparency is the best protection against contagion from such events, European Central Bank president Jean-Claude Trichet said on Saturday.
The dollar hit another new low Friday, as U.S. inflation data reinforced expectations that the Federal Reserve may cut interest rates again.
St. Louis Federal Reserve Bank President William Poole said on Friday he would keep an open mind on policy decisions going forward but that markets should not factor in more interest rate cuts.
Recession talk is heating up as the slumping U.S. housing market threatens to shackle free-spending consumers, yet stocks remain near record highs, indicating that many investors see little cause for alarm.
U.S. consumers spent more freely in August, soothing immediate concerns that the housing bust would stall the economy, and inflation eased, helping clear the way for lower interest rates.
European stocks closed the week mixed as euphoria over lower-than-expected U.S. inflation data waned, and investors began looking ahead to next week's interest rate decisions from the European Central Bank and Bank of England.
Atlanta Federal Reserve Bank President Dennis Lockhart said on Friday that market turmoil could hit the U.S. economy and that a moderation in inflation gave the Fed room to cut interest rates last week.