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TUESDAY, NOVEMBER 24, 2009
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NEWS ABOUT: interest rate

interest rate stories: 98 news summaries

21 - 40 of 98 Stories | << Prev 1 2 3 4 5 Next >>

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MARKETS

 Dow Falls 427 to Below 8,000 

Bad news in housing and predictions of recession sour stocks

Nov 19, 08 3:21 PM CST
(Newser) - Stocks plunged today on a spread of bad economic news, including signs that the housing market is not improving and dire predictions by the Federal Reserve’s interest-rate committee, the Wall Street Journal reports. The Dow fell 427.47 to close at 7,997.28. The Nasdaq lost 96.85,... More »

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housing market • Dow Jones • Consumer Price Index • Nasdaq • interest rate • consumer prices • Federal Open Market Committee • S&P 500 • FOMC • financial crisis

ANALYSIS

 Crisis Looms for Credit Cards 

Soaring defaults could fell normally resilient industry

Nov 14, 08 3:10 PM CST
(Newser) - Credit cards may be the next industry to be pummeled by the financial crisis, Time reports. The charge-off rate—money that lenders don't think they'll collect—is set to hit 10% in 2009. That's double the rate of the last decade and amounts to $96 billion in unpaid debt. Typically... More »

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credit card • interest rate • credit • credit crisis • revenue • default • savings • financial crisis

Banks Boost Interest Rates to Lure Deposits

'Price war' increases pressure on profit margins, loan funds

Nov 14, 08 11:03 AM CST
(Newser) - Banks are boosting interest rates on deposits in an effort to increase the supply of cash available for lending, resulting in what one consultant calls a "national price war," the Wall Street Journal reports. Many banks are pinched between the desire to build up deposits and the shrinking... More »

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Ben Bernanke • Citigroup • CDs • interest rate • certificates of deposit • federal funds rate • commercial banks

 Think 1% Is Low? 
 He Could Go to Zero 

Analysts predict Japan-style cuts in interest rates

Oct 30, 08 9:45 AM CDT
(Newser) - Yesterday Ben Bernanke cut the federal funds rate to an ectomorphic 1%—but the Fed might not be done yet. More and more analysts are predicting that the central bank will have to cut rates all the way to zero if it wants to get the economy moving again. But... More »

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Ben Bernanke • Federal Reserve • interest rate • interest rate cut • monetary policy • financial crisis

Your money

Time Is
Ripe to Pass
Cash to Heirs 

Struggling market
can help you avoid
paying estate tax

Oct 18, 08 12:05 PM CDT
(Newser) - Sinking stocks offer a window of opportunity when it comes to passing your money on to heirs without incurring huge taxes, Anne Tergesen writes in the Wall Street Journal. Transferring struggling assets to the next generation can mean a big payoff for the heirs when conditions improve—without the estate... More »

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stock market • taxes • trust fund • investments • charity • inheritance • interest rate • estate tax • financial crisis

MARKETS

 Dow Off 500; 
 Fed Can't Calm 
 Investors 

Recession fears weigh more heavily amid ugly data

Oct 15, 08 12:59 PM CDT
(Newser) - Poor data and continued pessimism over the state of the US economy had the Dow down around 500 points as today’s session entered the final hours, MarketWatch reports, with hints of further interest-rate cuts from Fed chief Ben Bernanke doing nothing to boost confidence. The Dow dipped below the... More »

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Ben Bernanke • interest rate • financial crisis

MARKETS

Stocks Sink as Bernanke Hints at Rate Cut

After early optimistic surge, Dow falls 300 points

Oct 7, 08 1:28 PM CDT
(AP) - Federal Reserve Chairman Ben Bernanke warned today that the financial crisis has not only darkened the country's current economic performance but also could prolong the pain. The Fed chief's gloomy assessment appeared to hint of an interest rate cut on or before the Fed’s next meeting later this month.... More »

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Ben Bernanke • stock market • Federal Reserve • Dow Jones • interest rate • interest rate cut • economy • financial crisis

Small Businesses Feel Credit Crunch Trickle Down

High rates, worry about economy keep many from expanding

Oct 2, 08 8:42 AM CDT
(Newser) - Small businesses, which employ 40% of the workforce and account for half the nation’s output, are starting to be squeezed by the credit crisis, reports the New York Times. Many find themselves denied credit, offered loans at exorbitant rates, or too worried about the economy to borrow. “... More »

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interest rate • credit crisis • small business • National Federation of Independent Business

OPINION

What Killed Bear, Lehman Is What the World Needs

Subprime loans bring relief to millions worldwide

Sep 21, 08 12:44 PM CDT
(Newser) - Sure, subprime loans toppled two pillars of American investment banking, gutted the world’s largest insurer, and plunged the entire US financial system into a tailspin. But they are exactly what the world needs today, Daniel Gross argues in Slate. “Far from the madding, depressed crowds of Wall Street,... More »

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subprime mortgages • interest rate • loan • microfinance • consumer credit • banks

UPDATED

 Fed Holds Line on Interest 
 Rates; Markets Bounce 

Committee leaves rate at 2%, confounding investors' expectations

Sep 16, 08 1:38 PM CDT
(Newser) - In its first unanimous interest rate decision in a year, the Federal Reserve voted today to leave its key interest rate unchanged at 2%. The decision reflects regulators' unwillingness to get even more involved in the developments roiling the financial markets, the Wall Street Journal reports. Stocks fell triple-digits on... More »

MORE ABOUT:
Ben Bernanke • Federal Reserve • recession • Lehman Brothers • interest rate • discount rate • Fed funds rate

MARKETS

Speculation on New Fed
Rate Cut Tempers Losses

Stocks dip early, then tick closer to even ahead of mid-afternoon announcement

Sep 16, 08 10:44 AM CDT
(Newser) - Stocks swung upward after big opening losses today, the Wall Street Journal reports, helped by speculation that the Federal Reserve might step in to help AIG and cut interest rates. The Dow, down 155 early, was just barely negative before noon, with a similar pattern from other indices. “We're... More »

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stock market • Federal Reserve • Dow Jones • markets • AIG • interest rate • financial crisis

OPINION

Wait on Rate Hikes Until
Crisis Eases

Fed should ignore critics, hold its ground until markets rebound

Sep 3, 08 5:55 PM CDT
(Newser) - Critics claim the Federal Reserve has been too eager to cut interest rates, and that lax policy has exacerbated inflation. But the Fed should hold its ground, Desmond Lachman argues in the American, until the housing and credit markets are clearly on the rebound. The credit crunch has prompted banks... More »

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inflation • housing market • Federal Reserve • foreclosure • US economy • interest rate • credit crisis • lending practices • interest rate cut • monetary policy

Banks Bracing as Their Own Debts Come Due

Billions in shorter-term, floating rate notes likely to prolong credit woes

Aug 27, 08 9:24 AM CDT
(Newser) - Billions of dollars worth of floating rate notes—vehicles used by banks to borrow money—taken out in 2006 are coming due in the next few months, and the industry is bracing for a wave of bank failures and asset sales as institutions struggle to pay off obligations, the Wall ... More »

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Goldman Sachs • Morgan Stanley • Merrill Lynch • debt • central bank • interest rate • credit crisis • floating rate notes

OPINION

Feel Good Again About
Your Pricey House

In 10 years, you'll be back in the black

Aug 17, 08 7:59 PM CDT
(Newser) - Bought an expensive house right before the subprime crash? Fret not, writes Chris Ayres in the Los Angeles Times. With 5% inflation, lower interest rates, and a mortgage tax deduction, buyers of pricey houses will be smiling in 10 years. "If you're a boom-time buyer who can still pay... More »

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homes • interest rate • housing crisis • housing bubble • economy • adjustable-rate mortgages

MARKETS

 Dow Skyrockets as Oil Retreats 

Deep-seated concerns about economy remain

Aug 5, 08 3:23 PM CDT
(Newser) - Stocks rallied today after the Fed said it would keep money cheap for the time being and crude prices fell to below $120 a barrel, a 3-month low. The Dow gained 330.80 to close at 11,614.95, the Nasdaq rose 64.27 to 2,349.83, and the... More »

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Ben Bernanke • Chevron • Federal Reserve • Dow Jones • Nasdaq • interest rate • S&P 500 • oil prices • Institute for Supply Management

Europe Hikes Interest Rates
to Curb Inflation

Central bank's quarter- point increase to 4.25% is first move in a year

Jul 3, 08 8:29 AM CDT
(Newser) - 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... More »

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

 Oil Gushes Past $145 

Experts say a further weakening of the dollar will push prices higher still

Jul 3, 08 7:07 AM CDT
(Newser) - 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... More »

MORE ABOUT:
Iran • interest rate • oil price • weak dollar • oil supply

MARKETS

 Big Rally Ends in Modest Gains  

Oil drop, Fed's confidence in growth not enough to preserve rise

Jun 25, 08 3:36 PM CDT
(Newser) - 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... More »

MORE ABOUT:
Ben Bernanke • Federal Reserve • Dow Jones • Nasdaq • interest rate • oil price • S&P 500

 As Expected, 
 Fed Holds Steady 

Federal funds rate stays at 2% as bank ends 10-month run of cuts

Jun 25, 08 1:40 PM CDT
(AP) - 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... More »

MORE ABOUT:
Ben Bernanke • Federal Reserve • interest rate • federal funds rate

Fed Likely to Hold Rates—
for Now

Bernanke hopes the 2% interbank rate will help economy rebound

Jun 25, 08 6:17 AM CDT
(Newser) - 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 »

MORE ABOUT:
inflation • Ben Bernanke • Federal Reserve • interest rate • interest rate cut

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