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October 10, 2008 6:23:17 PM CDT


Stories related to: interest rate

Stories

Stories 61 - 72 of 72

  • August 2007
    • Fed Pumps $19B Into Market

      Fed Pumps $19B Into Market

      (Newser) - The Federal Reserve pumped $19 billion in temporary funds into the banking system today by buying up mortgage-backed securities. The move is aimed to insure that there is enough cash available in the credit markets and keep the interest rate close to the Fed's target of 5.25%. It also makes it clear that the Fed does not yet plan to cut that interest rate, Bloomberg reports. More »

      Tags

      Federal Reserve   Ben Bernanke   credit market   interest rate   finance   bank   mortgage backed securities   market

    • Fed Stands Pat on Prime Rate

      Fed Stands Pat on Prime Rate

      (Newser) - The Fed today kept its benchmark interest rate steady at 5.25%, despite concerns that tightening credit will lead to an economic downturn. It's the ninth consecutive time the Fed has left the prime rate unchanged, the Times reports, and a sign that Ben Bernanke's top priority is curbing inflation rather than accommodating apprehensive investors. More »

      Tags

      Federal Reserve   US economy   Wall Street   Ben Bernanke   housing market   inflation   interest rate   investors   central bank

    • Productivity Up, But Inflation Still Looms

      Productivity Up, But Inflation Still Looms

      (Newser) - US productivity increased last quarter, but analysts are still worried about the economy’s ability to grow while keeping inflation at bay. Nonfarm business productivity rose by 1.8%, beating the first quarter’s rate of 0.7%, but the government was forced to lower productivity estimates for previous years, the Wall Street Journal reports. More »

      Tags

      Federal Reserve   Ben Bernanke   inflation   interest rate   labor   economic growth   labor costs   US productivity

    • And He's Not Going to Take It Anymore

      And He's Not Going to Take It Anymore

      (Newser) - In YouTube's most watched video today, CNBC's Jim Cramer blasts Fed chairman Ben Bernanke for signaling that he won't cut interest rates, calling the present stay-the-course market situation "Armageddon." As his dumbfounded interlocutor looks on, the "Mad Money" host pounds the table and thunders that the "Fed is asleep!" More »

      Tags

      Federal Reserve   US economy   Ben Bernanke   money   interest rate   news   reporter   Jim Cramer   anger

    • Jobless Rate Rises While GDP Rebounds

      Jobless Rate Rises While GDP Rebounds

      (Newser) - The unemployment rate increased slightly in the second quarter, but the GDP recovered after a lackluster first quarter, providing Wall Street with a mixed report card of the nation’s economy as the Fed meets to determine interest rates. Unemployment ticked up 0.1% to 4.6%, hastened by losses in manufacturing, construction, and government, the WSJ reports. More »

      Tags

      Federal Reserve   US economy   Wall Street   inflation   interest rate   unemployment   consumer spending   manufacturing   construction   GDP   economic growth

    • Banks Tighten Credit Squeeze

      Banks Tighten Credit Squeeze

      (Newser) - Lenders are cutting credit, tightening standards or raising interest rates to a broader range of borrowers beyond those with weak credit records who qualify for subprime loans, the Wall Street Journal reports. Panic is spreading to a category of mortgages between subprime and prime that often involves borrowers who don't fully document income, or those buying for investment—about 13% of the market. More »

      Tags

      subprime mortgages   mortgage   interest rate   Wells Fargo   loans   IndyMac   National City

  • June 2007
    • Inflation-Free Growth Is Too Good to Last

      Inflation-Free Growth Is Too Good to Last

      (Newser) - Globalization and access to low-cost labor has allowed the world economy to grow without high inflation, but this economist's dream may soon end, the Wall Street Journal predicts in a cautionary report. Demand for everything from workers to lumber is increasing, raising prices—and the prospect of higher inflation. More »

      Tags

      US economy   inflation   interest rate   globalization   labor   global economy

  • May 2007
    • Interest Rate Cut Triggers Panic in Iran

      Interest Rate Cut Triggers Panic in Iran

      (Newser) - Iran's erratic president has set off a stock market scare by ordering banks to slash interest rates, despite high inflation and lots of expert advice to the contrary. The move sparked panicked selling and fears of a full-blown financial crisis, the Guardian reports. The new decreed rate is 12%, down from 14% at state banks and 17% to 28% at private ones. More »

      Tags

      Iran   stock market   US economy   Mahmoud Ahmadinejad   interest rate   finance   bank   interest rate cut

    • Fed Holds Interest Rates Steady

      Fed Holds Interest Rates Steady

      (Newser) - The Fed held the benchmark interest rate steady at 5.25% today in an unsurprising statement that prompted little reaction from the market. The unanimous vote reflects concerns about a faltering housing market, slowed growth, and persistent fears about core inflation, which the Fed continues to consider "somewhat elevated." More »

      Tags

      Federal Reserve   US economy   Ben Bernanke   housing market   inflation   interest rate

  • April 2007
    • Dollar Gets Pounded

      Dollar Gets Pounded

      (Newser) - The British pound hit a 26-year-high against the dollar this morning, triggering inflationary fears there as it pushed past $2 for the first time since Margaret Thatcher's early reign. As  inflation figures spiked to 3.1% in March—the highest  in 10 years—the middle class got hit the hardest, the Daily Telegraph reports. More »

      Tags

      inflation   money   interest rate   currency   exchange rate   pound

  • March 2007
    • Bernanke Keeps Interest Rate Steady

      Bernanke Keeps Interest Rate Steady

      (Newser) - With inflation creeping up, Fed chairman Ben Bernanke will keep interest rates steady—at least for now, reports the Wall Street Journal. Soft business investment and weakening housing are becoming serious risks, but the long-term outlook is good, Bernanke told Congress yesterday. "The current stance of monetary policy is likely to foster sustainable economic growth and a gradual ebbing in core inflation." More »

      Tags

      subprime mortgages   recession   Ben Bernanke   inflation   interest rate   housing   economics   Alan Greenspan   investments

    • Consumer Financial Savvy Peaks at 53

      Consumer Financial Savvy Peaks at 53

      (Newser) - Middle aged consumers make better decisions—and fewer mistakes—than their younger and older counterparts.  A study of  thousands of credit card and home and car loan documents shows that they are the most  likely to get the lowest interest rate available  and the least likely to pay unnecessary fees, David Wessel reports. t More »

      Tags

      interest rate   consumer   credit card   personal finance   baby boomer   capital   experience

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