BANGKOK, March 12- Thailand's central bank cut its benchmark interest rate by 25 basis points on Wednesday in a bid to spark growth in an sluggish economy hurt by months of political unrest. The Bank of Thailand's Monetary Policy Committee voted 4-3 to cut the one-day repurchase rate to 2.0 percent, a level last seen in late 2010..» Read More
The dollar stayed near a four-year high against the yen after reports showed U.S. housing starts unexpectedly strengthened and consumer prices jumped at the sharpest rate in eight months, bolstering views U.S. interest rates are not headed lower any time soon.
Federal Reserve Chairman Ben Bernanke warned the U.S. Congress that failure to take action soon to deal with the budgetary strains posed by an aging U.S. population could lead to serious economic harm.
The dollar slipped against European currencies after a batch of solid U.S. economic data did little to shake expectations the Federal Reserve would keep interest rates steady for some time.
The new Democratically controlled U.S. Congress is in the middle of its 100-hour agenda, and one hot item up for legislation today is a proposal to cut student loan interest rates in half – to 3.4%. The proposal is likely to pass easily but some critics say the plan does nothing to make college more affordable to low and middle-income students.
Did you do better than 14.8% last year? I ask because that is what Bob Mckee at Independent Strategy claims for the clients that followed his advice in 2006. The brave part of the advice was to underweight equities.
The yen fell to a 13-month low against the dollar and slipped against the euro after Japanese media reports suggested the Bank of Japan may not raise interest rates at its policy meeting this week.
The euro continued its slow creep upward against the U.S. dollar Monday as traders awaited a raft of economic reports from Washington later this week, including with testimony by U.S. Federal Reserve Bank chairman Ben Bernanke.
Financials and techs, two groups that pulled in the money last week, will be out in front of the news this week when earnings season is in full swing. Markets will also be watching key economic data, a parade of Fed speakers and whatever side show goes on when oil markets reopen, after last week's near six percent slide in crude.
The dollar retreated from 1-1/2-month highs against the euro on Friday as traders sold the currency amid speculation that gains from a three-day rally were overdone.
A sobering assessment of growth prospects in the developed world from Carl Weinberg, High Frequency Economics.
The dollar rose to its highest since late November against the euro as demand for the European currency fell after the European Central Bank suggested it may not raise rates again next month as some had anticipated.
The Bank of England raised short-term interest rates to 5.25% from 5% Thursday, surprising the market, while the European Central Bank met expectations and kept rates steady at 3.5%
The dollar gained broadly on Wednesday as news that the U.S. trade gap narrowed for the third month in a row in November made a rate cut by the Federal Reserve seem even less likely in the first months of 2007.
The dollar rose near two month-highs against the yen amid investors' expectations a possible rate hike by the Bank of Japan will fail to boost demand for the Japanese currency.
The dollar fell from six-week peaks against major European currencies on Monday as profit-taking set in following last week's rally on the back of robust U.S. employment data.
Despite another intraday high on the Dow on Jan. 3, the markets overall ended last week on the downside. Even declining oil prices aren’t helping stocks get back to record levels today. Michelle Caruso-Cabrera spoke with two analysts on “Morning Call” to find out what’s going on. Owen Fitzpatrick of Deutsche Bank Private Wealth Management and Quincy Krosby of The Hartford appeared on the show. Both agree that the market is overconcerned with the Federal Reserve right now.
The dollar rallied for a third day after a surprisingly strong report on jobs growth in December led investors to scale back expectations for a Federal Reserve interest rates cut in the next six months.
Pimco's Bill Gross is calling for four rate cuts this year with the benchmark 30-year bond going down to 4.25%. But will that really happen in light of today's stronger-than-expected payrolls report? On CNBC’s "Closing Bell," Maria Bartiromo asked the bond maven what he thought.
A stronger-than-expected employment report failed to dent expectations the next Fed policy move would be an interest rate cut this year, a Reuters poll of Wall Street economists showed on Friday.
Educated Guesses & Wild Stabs: It occurs to me that, as much as I’ve tried to fill this space with amusing anecdotes, I’ve let a dose of negativity creep in recently as I’ve detailed my dislikes of auto sales and presidential news conferences. So today, I’ll reverse that by telling you how much I love the monthly jobs report.