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July 25, 2008 8:47:43 AM CDT

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Stories related to: interest rate

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  • July 2008

    • Europe Hikes Interest Rates to Curb Inflation

      newser  |  MarketWatch  |  Jul 3, 08 8:29 AM CDT

      Europe Hikes Interest Rates to Curb Inflation

      The European Central Bank today adjusted interest rates for the first time in more than a year, reports MarketWatch, raising the main rate by a quarter-point to 4.25%. The increase comes just after a report that inflation in the eurozone has reached 4%, the highest rate since the introduction of the euro in 1999. The move was expected, and the euro remained strong, hovering at around $1.58. More »

      Tags

      inflation  • interest rate  • euro  • European Central Bank  • ECB  • eurozone

    • Oil Gushes Past $145

      newser  |  Associated Press  |  Jul 3, 08 7:07 AM CDT

      Oil Gushes Past $145

      The specter of conflict in Iran and a surprisingly large decline in US stockpiles pushed European oil prices above $145 today for the first time, reports the AP . A further weakening of the dollar, if the European Central Bank raises interest rates as expected later today, could push prices even higher. Crude has risen more than 50% since the end of 2007. More »

      Tags

      Iran  • oil price  • interest rate  • weak dollar  • oil supply

  • June 2008

    • Big Rally Ends in Modest Gains

      newser  |  Wall Street Journal  |  Jun 25, 08 3:36 PM CDT

      Big Rally Ends in Modest Gains

      The markets rallied for much of the day on news of ebbing oil prices and the Fed's decision to hold rates steady, but it fell mostly flat by the finish on nagging worries about long-term growth, the Wall Street Journal reports. The Dow—at one point up more than 100 points—added 4.40 points to 11,811.83. The Nasdaq climbed 32.98 points to 2,401.26, while the S&P 500 rose 7.68 points to 1,321.97. More »

      Tags

      Federal Reserve  • S&P 500  • Nasdaq  • oil price  • Dow Jones Industrial Average  • Ben Bernanke  • interest rate

    • As Expected, Fed Holds Steady

      newser  |  Associated Press  |  Jun 25, 08 1:40 PM CDT

      As Expected, Fed Holds Steady

      The Federal Reserve decided today leave a key interest rate unchanged, bringing an end to a string of consecutive rate cuts aimed at keeping the country out of a deep recession. The federal funds rate will remain at 2%—the first time in 10 months the Fed has failed to reduce interest rates at one of its regular meetings. More »

      Tags

      Federal Reserve  • Ben Bernanke  • interest rate  • federal funds rate

    • Fed Likely to Hold Rates— for Now

      newser  |  Reuters  |  Jun 25, 08 6:17 AM CDT

      Fed Likely to Hold Rates&mdash; for Now

      Despite fears that inflationary forces are revving, the Federal Reserve will probably hold the interbank federal funds rate at 2% today, hoping the bargain basement rate can help kick-start a stalled economy that’s been hamstrung by a tenacious housing slump and a credit crunch hangover, Reuters reports. More »

      Tags

      Federal Reserve  • Ben Bernanke  • inflation  • interest rate  • interest rate cut

    • Housing Slump Won't Ease Anytime Soon, Says Study

      newser  |  Reuters  |  Jun 23, 08 7:48 AM CDT

      Housing Slump Won't Ease Anytime Soon, Says Study

      Rising mortgage rates and a tenacious slump in sales and home values will continue to depress the worst housing market in decades, reports Reuters. Don't expect potential saviors—new home buyers—to make a dent any time soon, says a Harvard study. With mortgage rates at a 9-month high, credit tight, and foreclosures on the rise, they will likely wait until the market hits bottom, and it appears to have a ways to go.  More »

      Tags

      Federal Reserve  • housing market  • foreclosure  • interest rate  • home prices

    • Blip or Deeper Trouble? More Economists Grow Gloomy

      newser  |  BusinessWeek  |  Jun 7, 08 10:01 PM CDT

      Blip or Deeper Trouble? More Economists Grow Gloomy

      Optimists can easily chalk up Friday's disastrous day on Wall Street to a skittish market overreacting to lousy news about oil prices and unemployment. The problem, writes Ben Steverman in BusinessWeek , is that many analysts are lining up in the pessimists' camp, which holds that something more "fundamental" is awry. The credit crunch is easing, but rising inflation and an increasingly "fragile" economy could spell long-term trouble. More »

      Tags

      gas prices  • oil  • inflation  • economy  • interest rate  • crude oil

  • April 2008

    • Surprise Rate Hike Will Soon Rattle US Borrowers

      newser  |  Wall Street Journal  |  Apr 19, 08 5:04 AM CDT

      Surprise Rate Hike Will Soon Rattle US Borrowers

      A surprise hike in a widely used interest rate is expected to soon send many US borrowers reeling, the Wall Street Journal warns. The London interbank offered rate, a yardstick for financial instruments including resettable mortgages, jumped sharply yesterday. The increase, a signal that banks are becoming more cautious about lending, could affect $9 trillion in debt. More »

      Tags

      interest rate  • banking  • debt  • mortgage rates  • British Bankers Association

  • March 2008

    • Credit Crunch Slows Spending

      newser  |  Washington Post  |  Mar 18, 08 11:10 AM CDT

      Credit Crunch Slows Spending

      Fewer credit card offers, tougher mortgage requirements, and a slowdown in business expansion all are likely because of the worsening credit crisis, reports the Washington Post. Banks are looking to limit exposure to high-risk customers and restore their own bottom lines. And that’s tough medicine for an economy that’s grown on the back of cheap money. More »

      Tags

      Federal Reserve  • credit crisis  • interest rate  • consumer spending  • banking  • credit card

    • Bernanke Tosses Out His Rule Book

      newser  |  New York Times  |  Mar 16, 08 9:19 AM CDT

      Bernanke Tosses Out His Rule Book

      With a recession and worsening meltdown on Wall Street looming, Fed chief Ben Bernanke has dumped textbook central bank economic policy, reports the New York Times. Last week's bailout of Bear Stearns, for example, seemed to fly in the face of his previous reluctance to rescue big institutions. And it came in the same week the Fed made $200 billion available to investment banks and another $100 billion for banks and thrifts. More »

      Tags

      Federal Reserve  • recession  • Wall Street  • Ben Bernanke  • Bear Stearns  • interest rate  • credit market

    • Gold Hits Record $1K per Ounce

      newser  |  BBC  |  Mar 13, 08 1:03 PM CDT

      Gold Hits Record $1K per Ounce

      Gold hit $1,000 per ounce for the first time today, the BBC reports, as investors flock to commodities. The precious metal is already up 20% on the year. “Every bit of bad US economic data boosts gold in two ways,” said Fortis Bank, both because gold is a “safe haven” asset and because the dollar drops on expectations of US interest-rate cuts. More »

      Tags

      Federal Reserve  • inflation  • US dollar  • interest rate  • interest rate cut  • commodities  • gold

    • Stocks Rally, Flatten, End Down

      newser  |  Wall Street Journal  |  Mar 12, 08 3:38 PM CDT

      Stocks Rally, Flatten, End Down

      Markets shot up early today, then flattened out and ended down as record oil and gas prices put a damper on things. Per-barrel oil prices hit $110.20 before landing at $109.92, the Wall Street Journal reports. The Dow ended down 46.57 to 12,110.24, the Nasdaq 11.89 to 2,243.87 and the S&P 11.88 to 1,308.77. More »

      Tags

      stock market  • Federal Reserve  • interest rate  • crude oil  • commodities

    • Fed Pours $200B Into Global Credit Relief Push

      newser  |  Associated Press  |  Mar 11, 08 10:15 AM CDT

      Fed Pours $200B Into Global Credit Relief Push

      The Fed will inject huge quantities of cash into financial markets as part of a coordinated global attack on the credit crisis, Ben Bernanke announced today. The central bank will loan out another $200 billion, this time on a 28-day basis rather than overnight, the AP reports. The effort will coordinate with the European Central Bank and the central banks of Canada, England, and Switzerland. More »

  • February 2008
  • January 2008

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