Rates on 30-year fixed mortgages fell for the first time in three weeks after the Federal Reserve said last week that it expects inflation to level off, according to mortgage backer Freddie Mac.
It's appropriate, as we head into a long holiday weekend to celebrate America's independence, that the dollar rallied a bit Thursday.
The fireworks may come a day early for the financial markets if the European Central Bank, as expected, raises interest rates on Thursday.
The Federal Reserve has auctioned another $75 billion in loans to squeezed banks to help them overcome credit problems and announced it will provide a fresh batch of the loans this month.
The weakened dollar isn't just wreaking havoc for Americans traveling overseas - it is hitting consumers right at home.
The weakened dollar isn't just wreaking havoc for Americans traveling overseas - it is hitting consumers right at home.
The Federal Reserve decided to hold steady on short-term interest rates. We're no longer in a falling-rate environment. Here are some top tips on what you need to do now.
The Federal Reserve scrambled to avert an "expected contagion" that risked infecting the nation's financial system when its took unprecedented actions in mid-March to provide financial backing to a Bear Stearns rescue package and provide emergency loans to big Wall Street firms.
Thursday's stock market selloff reflects a sobering truth: Nine months of strong medicine have failed to cure the credit crisis and left the economy in a weakened state.
Treasury prices rose and yields nose dived Thursday as the equity market sold off furiously, sending investors flocking to the perceived safety of the bond market.
Rates on 30-year fixed mortgages fell for the first time in three weeks after the Federal Reserve said last week that it expects inflation to level off, according to mortgage backer Freddie Mac.
It's appropriate, as we head into a long holiday weekend to celebrate America's independence, that the dollar rallied a bit Thursday.
The fireworks may come a day early for the financial markets if the European Central Bank, as expected, raises interest rates on Thursday.
The Federal Reserve has auctioned another $75 billion in loans to squeezed banks to help them overcome credit problems and announced it will provide a fresh batch of the loans this month.
The weakened dollar isn't just wreaking havoc for Americans traveling overseas - it is hitting consumers right at home.
The weakened dollar isn't just wreaking havoc for Americans traveling overseas - it is hitting consumers right at home.
The Federal Reserve decided to hold steady on short-term interest rates. We're no longer in a falling-rate environment. Here are some top tips on what you need to do now.
The Federal Reserve scrambled to avert an "expected contagion" that risked infecting the nation's financial system when its took unprecedented actions in mid-March to provide financial backing to a Bear Stearns rescue package and provide emergency loans to big Wall Street firms.
Thursday's stock market selloff reflects a sobering truth: Nine months of strong medicine have failed to cure the credit crisis and left the economy in a weakened state.
Treasury prices rose and yields nose dived Thursday as the equity market sold off furiously, sending investors flocking to the perceived safety of the bond market.
Oil reached $140 a barrel for the first time ever Thursday following reports that Libya may cut production and an OPEC official said crude could hit $170 a barrel this summer.
Rates on 30-year mortgages rose again this week, climbing to the highest level in more than nine months, reflecting more concerns about how the Federal Reserve will respond to higher inflation pressures.
The economy turned in a better - but still subpar - performance in the first three months of this year, mostly spurred by stronger sales of U.S. products overseas.
Even Warren Buffett is wrong some of the time. Federal Reserve chairman Ben Bernanke is hoping this is one of them.
If the outlook for the banking industry worsens in the months ahead, the Federal Reserve may have something to do with it.
Oil prices moved higher Thursday after falling sharply in the previous day's session on a report that showed U.S. stockpiles of oil and fuel were larger than expected.
If you have a mortgage, carry credit cards and are considering a home equity loan to cope with soaring food and energy prices, you should be paying attention to what the Fed has to say.
Treasury prices recovered some of their loses from earlier in the day after the Federal Reserve announced its decision to hold the key federal funds interest rate at 2%.
The Fed's words will speak louder than its actions this afternoon.
Stocks gave up bigger gains by the close Wednesday, as investors welcomed the Fed's decision to hold rates steady, as expected, but remained wary about the economy.
The Federal Reserve left its key short-term interest rate unchanged Wednesday at 2%, marking the first time in the nine months that it did not cut rates.
Oil prices settled more than $2 lower Wednesday after a government report showed an unexpected rise in crude stockpiles.
The dollar was down against the euro and yen Wednesday afternoon, after the Federal Reserve decided to hold interest rates steady.
This statement was posted on the Federal Reserve Web site on June 25, 2008.
Stocks sustained gains Wednesday afternoon after the Federal Reserve held a key short-term interest rate steady, as expected.
Wall Street thinks the Federal Reserve is almost certainly done cutting interest rates for the time being.
Orders to factories for big-ticket manufactured goods were basically flat in May as strength in demand for aircraft and computers was offset by widespread weakness elsewhere.
Stock futures moved higher early Wednesday, ahead of a slew of economic reports and the Federal Reserve's policy statement on interest rates.
When the Fed concludes a two-day meeting, it is expected that the central bank will express more concerns about inflation and in that way signal that rate increases could be on the way
Treasury prices rallied Tuesday, lifted by a strong 2-year note auction and a report showing consumer confidence dropped more than expected in June. All this as investors wait for the Federal Reserve's interest-rate announcement Wednesday afternoon.
Stocks ended lower Tuesday after a volatile session in which reports showing further erosion in consumer confidence and home prices rattled investors ahead of the latest interest-rate decision from the Federal Reserve.
Hey, is it just me or does it seem like there have been approximately 350 "retirements" in this year's Wimbledon over the first two days? It's looking like Del Boca Vista at Wimby with all the retirees.
Borrowing costs are likely to hold steady as the Federal Reserve tries to avoid both stirring inflation and stifling a fragile economy
The dollar lost ground against the 15-nation euro Tuesday as a key economic report showed a large drop in consumer confidence.
Stock futures tumbled early Tuesday, as high oil prices and worries about corporate profits hung over investors ahead of a Federal Reserve meeting on interest rates.
Government bond prices were mixed on Monday as investors look toward the Federal Reserve meeting on Wednesday.
The Federal Reserve and the Securities and Exchange Commission have nearly completed an information-sharing agreement on investment banks meant to detect potential risks to the broader financial system, a government official said Monday.
The dollar gained strength against major currencies Monday after two reports indicated weakness in Europe's two biggest economies.
After the Federal Reserve's meeting this week, the Fed policymakers are expected to voice a tough stance on inflation. Talk about poor timing.
The dollar fell against major currencies on Friday amid renewed concerns about the financial sector and speculation that the Federal Reserve won't raise interest rates at its two-day meeting next week.
An economic and housing rebound may be a ways off but Wall Street is already in recovery mode. And that should translate into happier times for investors during the second half of the year.
The dollar edged higher against both the dollar and the yen on Thursday, as oil prices fell and investors expect the Federal Reserve to hold rates steady next week.
Wall Street companies and commercial banks borrowed slightly more from the Federal Reserve's emergency lending program over the past week.
Federal regulators told lawmakers Thursday they have stepped up their supervision of large investment banks in a bid to contain risk following the near-collapse of Bear Stearns Coos and turmoil in the financial markets.
Government bond prices gained steam throughout the day Wednesday as stocks sold off for the second session in a row, amid weak earnings reports, dour housing-market news and soaring oil prices.
The dollar edged lower against the euro and the yen Wednesday, extending a decline that was sparked by a poor inflation report the previous day.
Wholesale prices barreled ahead while housing activity faltered, but Fed chair Ben Bernanke has made it clear he is not inclined to cut interest rates further
The dollar fell against most major foreign currencies Tuesday as a key inflation measure rose by its highest amount in 7 months, and whispers circulated that the Federal Reserve will not raise rates to combat rising prices.
Bond prices edged higher Tuesday as mounting speculation that the Federal Reserve could raise interest rates sometime this summer countered a government report showing inflation rose in May.
Inflation fears have taken center stage as the weak dollar and surging prices for oil, corn and other commodities have clearly spooked bond investors.
Wholesale prices bolted ahead in May at the fastest pace in six months as energy and food costs marched higher
The Federal Reserve has auctioned another $75 billion in loans to squeezed banks to help them overcome credit problems.
Wholesale prices bolted ahead in May at the fastest pace in six months as energy and food costs marched higher.
Bolstering the performance of the U.S. health care system is one of the biggest challenges facing the country, Federal Reserve Chairman Ben Bernanke said Monday.
The inflation rate shot up in May at the fastest pace in six months, pushed higher by soaring costs for gasoline and other types of energy
Crude oil is trading at $135 a barrel. Global food prices are so high that they've triggered riots in some poor countries. No wonder many sharp-eyed market observers worry that the two-decade stretch of low inflation is coming to an end.
Inflation shot up in May at the fastest pace in six months, pushed higher by soaring costs for gasoline and other types of energy
For those struggling to deal with record gasoline and soaring food prices, there's bad news and more bad news.
Treasury prices fell sharply Thursday, after a jump in retail sales last month bolstered a notion that an inflation-wary Federal Reserve might have more leeway to begin raising interest rates.
Wall Street companies borrowed from the Federal Reserve's emergency lending program at a fairly steady pace, while banks scaled back.
Federal Reserve Chairman Ben Bernanke says the central bank must remain a "dynamic institution" to deal with economic and financial challenges.
Note to investors: Ben Bernanke isn't your best friend anymore.
The economy remained "generally weak" heading into summer as rising costs for energy and food pounded consumers and forced some companies to push their own prices higher.
Treasury prices traded mixed Wednesday, as a sharp pullback in the stock market gave investors reason to halt this week's bond sell-off.
Another Fed official is talking tough about inflation, hinting that the Fed is now more concerned with keeping prices from soaring out of control than an economic slowdown.
Federal Reserve Chairman Ben Bernanke is hinting that inflation concerns will keep the Fed from cutting rates again. Here are our top tips on how to cope with inflation.
The dollar sank against major currencies Wednesday before the release of the U.S. Federal Reserve's survey on regional economic conditions and a report on U.S. oil stocks.
Stocks looked set to open slightly higher Wednesday, ahead of the release of a government report on fuel inventories and Federal Reserve report on economic conditions.
Stocks were mixed Tuesday as investors welcomed a retreat in oil prices, but remained concerned about the outlook for inflation following cautious comments from the Federal Reserve Chairman.
The Federal Reserve is starting to talk tough about inflation. But is there any substance backing up these words?
Despite a recent spike in the nation's unemployment rate, the danger that the economy has fallen into a "substantial downturn" appears to have waned, Federal Reserve Chairman Ben Bernanke said Monday.
Despite a recent spike in the nation's unemployment rate, the danger that the economy has fallen into a "substantial downturn" appears to have waned, Federal Reserve Chairman Ben Bernanke said Monday.
The Dow gained and the Nasdaq declined in a choppy session Monday, as investors eyed Lehman Brothers' big loss, Apple's new iPhone announcement and some cautious talk from a pair of Fed officials.
Short-term Treasury prices fell sharply Monday as investors grappled with concerns about inflation following the surging price of oil last week. Prices also declined as Wall Street had a partial recovery from Friday's huge sell-off.
Americans' personal debt jumped to a more-than-expected $2.6 trillion in April, according to a report from the Federal Reserve released Friday.
Ben Bernanke better hope the market doesn't call his bluff.
A growing number of policy makers are questioning the wisdom of the Federal Reserve's emergency actions to rescue Bear Stearns
Wall Street companies are scaling back their borrowing from the Federal Reserve's emergency lending program.
Federal Reserve Chairman Ben Bernanke has moved inflation up on his list of worries, suggesting more pointedly than ever that the time for cutting interest rates is over in view of soaring oil and commodity prices
The Federal Reserve has auctioned another $75 billion in loans to squeezed banks to help them overcome credit problems
Federal Reserve chairman Ben Bernanke all but closed the door on the chances of any more rate cuts during the next few months.
Interest rates on 30 year mortgages are above 6% - their highest levels since March. Is the end of low interest rates on the horizon? Here are some top tips on what you need to know if you want to refinance.
Oil's relentless rise has been a major concern for investors and consumers. But is the worst over regarding the spike in energy prices?
The next president is likely to have an unprecedented opportunity to name a majority of the Federal Reserve's Board of Governors immediately after being sworn into office.
The magic number for the bond market is 4, as in the yield on the U.S. 10-year Treasury note. And for the first time since January, the 10-year yield is above 4%
he economy plodded ahead at a 0.9 % pace in the first quarter -- slightly better than first estimated
Bear Stearns is gone, but the brokerage firm's near collapse will live on as the moment it became impossible to ignore the mortgage mess.
It's getting harder and harder to deny that the economy is in recession.
The number of newly laid off workers filing for unemployment benefits unexpectedly fell last week to the lowest level in a month
While consumers, air carriers and lawmakers have been struggling with the burden of surging oil prices, the stock market has remained curiously nonchalant. Until this week.
For a guy who supposedly has lost his credibility, Fed chief Ben Bernanke has been surprisingly effective in soothing stressed-out financial markets - maybe a little too effective.
Stocks tumbled Wednesday, falling for a second session, after oil prices topped $133 a barrel and the Federal Reserve gave a gloomy economic outlook.
The Federal Reserve on Wednesday sharply lowered its projection for economic growth this year, citing blows from the housing and credit debacles along with zooming energy prices
The Federal Reserve sees worse economic problems ahead, according to new forecasts from the central bank released Wednesday.
The following minutes from the Federal Reserve's Federal Open Market Committee on April 29-30, 2008 were published on the Federal Reserve web site on May 21, 2008.
Stocks looked set for a lower open Wednesday as crude prices shot to a new record above $130 a barrel.
U.S. stocks looked set to rebound Wednesday from the previous session's selloff, even as crude prices soared to a new record.
Commercial banks and other financial institutions need to beef up their ability to detect and protect themselves against risks like the credit and mortgage debacles
Long-term bond yields are edging close to 4%, a level they haven't touched since the end of last year. And some experts believe yields will only head higher in the coming months.
Industrial production fell in April, matching the largest decline since the one following Hurricane Katrina, according to a report released by the Federal Reserve on Thursday.
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