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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: interest rate

interest rate stories: 98 news summaries

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Housing Slump Won't Ease Anytime Soon, Says Study

Tight credit, interest rate worries keep homebuyers on sidelines

Jun 23, 08 7:48 AM CDT
(Newser) - 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... More »

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

Blip or Deeper Trouble? More Economists Grow Gloomy

Analysts speculate if gloomy figures have sparked fundamental change

Jun 7, 08 10:01 PM CDT
(Newser) - 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... More »

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

Surprise Rate Hike Will Soon Rattle US Borrowers

Yardstick London interest rate jumps

Apr 19, 08 5:04 AM CDT
(Newser) - 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... More »

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

 Credit Crunch
 Slows Spending 

Consumers, businesses tighten belts just as economy needs fuel

Mar 18, 08 11:10 AM CDT
(Newser) - 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... More »

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

 Bernanke
 Tosses Out
 His Rule Book 

As Wall Streets meltdown accelerates, the Fed chief adapts on the fly

Mar 16, 08 9:19 AM CDT
(Newser) - 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... More »

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

 Gold Hits Record $1K per Ounce 

Slumping US economy, dollar sends investors to shiny commodity

Mar 13, 08 1:03 PM CDT
(Newser) - 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... More »

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

MARKETS

 Stocks Rally, Flatten, End Down 

Oil hitting $110-a-barrel mark sure doesn't help; hopes of another rate cut rise

Mar 12, 08 3:38 PM CDT
(Newser) - 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... More »

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

Fed Pours $200B Into Global Credit Relief Push

Central banks around the world try to ease liquidity problem

Mar 11, 08 10:15 AM CDT
(Newser) - 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... More »

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Ben Bernanke • Federal Reserve • US economy • European Central Bank • interest rate • liquidity • credit crisis • Bank of England • Royal Bank of Canada • Swiss National Bank • financial crisis

MARKETS

Stocks Tumble on Weak Data

Dow drops 112 points on sluggish growth,  rising jobless claims

Feb 28, 08 3:56 PM CST
(Newser) - Stocks fell more than they had in a week today amid reports of sluggish economic growth, rising jobless claims, and fears of failing banks, Bloomberg reports. The Dow fell 112.10 points to 12,582.18, the Nasdaq fell 22.21 points to 2,331.57, and the S&P... More »

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inflation • Ben Bernanke • Federal Reserve • Dow Jones • unemployment • Nasdaq • GDP • interest rate • S&P 500 • bank failure

Fed Sees Slower Growth, Higher Unemployment

Reserve officials sharply reduce economic forecast

Feb 20, 08 6:58 PM CST
(Newser) - The Federal Reserve issued a bleak assessment of the economy today, predicting weak growth and rising unemployment this year. Fed officials expect the economy to grow between 1.3% and 2% in 2008, the slowest in five years, the New York Times reports. A separate report today showed consumer prices... More »

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inflation • Ben Bernanke • Federal Reserve • recession • unemployment • US economy • interest rate

MARKETS

Market Up After Seesaw Session

Investors shrug off inflation; sluggish growth seen

Feb 20, 08 3:45 PM CST
(Newser) - The Dow rose 90.04 points to 12,427.26 today in roller-coaster trading despite rising fears of inflation, MarketWatch reports. US consumer prices rose 0.4% last month in what one investment officer called “a nagging problem for the Fed.” The Nasdaq climbed 20.90 to 2,... More »

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inflation • Federal Reserve • Dow Jones • Nasdaq • interest rate • crude oil • S&P 500

MARKETS

Stocks Sink on Fed Comments

Bernanke sees weak growth because of credit trouble

Feb 14, 08 3:46 PM CST
(Newser) - The markets fell today after three days of growth as the Fed warned that continuing credit trouble will restrain the economy and several top brokerage firms saw their earnings estimates reduced, MarketWatch reports. The Dow slid 175.26 points to 12,376.98, the Nasdaq dropped 41.39 to 2,... More »

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Ben Bernanke • Federal Reserve • Dow Jones • Nasdaq • US economy • interest rate • S&P 500

Bernanke Suggests Rate Cuts Ahead

Fed chief sees threats from employment, housing, credit

Feb 14, 08 9:20 AM CST
(Newser) - Federal Reserve Chairman Ben Bernanke signaled today that further interest rate cuts might be necessary, citing continuing fallout from the credit and housing market collapses, reports the Wall Street Journal. Bernanke told the Senate Banking Committee he expected "a period of sluggish growth, followed by a somewhat stronger pace... More »

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Ben Bernanke • Federal Reserve • recession • US economy • interest rate • credit crisis • subprime crisis • Senate Banking Committee • interest rate cut

MARKETS

Selloff Drives Dow Down 171

Two-day rally snaps on renewed jitters over mortgage crisis

Jan 25, 08 4:30 PM CST
(Newser) - A 2-day rally sputtered today as the Dow fell 171.44 to 12,207.17 on new jitters about a touchy market. Even strong quarterly reports from Microsoft, Caterpillar, and Honeywell couldn’t keep investors buying this morning; said one economist, “The market is still in a very fragile... More »

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Microsoft • Dow Jones • Nasdaq • Caterpillar • interest rate • Honeywell • S&P 500

Fed Remains Open to More Rate Cuts

Minutes from last meeting display growing concern about markets

Jan 2, 08 7:33 PM CST
(Newser) - Fed officials will consider deeper rate cuts and a "substantial further easing of policy" if the turmoil in the credit and housing markets continues, according to minutes of last month's meeting. Officials displayed surprise at the extent of the housing crisis and acknowledged that market strains "could persist... More »

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inflation • Ben Bernanke • Federal Reserve • US economy • interest rate • discount rate • Federal Open Market Committee • housing crisis • interest rate cut

Fed OKs Quarter-Point Cut

Federal funds figure drops for 3rd month

Dec 11, 07 1:30 PM CST
(Newser) - The Federal Reserve cut two key interest rates at this afternoon's meeting, lopping a quarter-point off both the federal funds rate and the discount rate. The federal funds rate now stands at 4.25%, which represents a drop of 100 basis points over the past 3 months, the Wall Street ... More »

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Federal Reserve • interest rate • discount rate • federal funds rate • interest rate cut

Some Critics of Rate Freeze May Be Angry Investors

FDIC chief speculates that investors are blasting the plan to boost their income

Dec 8, 07 1:34 PM CST
(Newser) - Critics of the government’s new rescue plan for strapped homeowners may be investors who would cash in on a foreclosure-ridden market, one of the plan’s chief architects charges. Sheila Blair, head of the FDIC, speculated that naysayers may have a conflict of interest, the Wall Street Journal reports.... More »

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investors • subprime mortgages • foreclosure • mortgage • interest rate • FDIC • homeowners

MARKETS

Techs Put Damper on Optimism

Dell's struggles narrow Bernanke boost

Nov 30, 07 3:38 PM CST
(Newser) - The markets closed up today on rumors of a coming interest rate cut, but bad news in the tech sector limited gains. The Dow climbed 59.99 points to 13,371.72, but only after a negative forecast from Dell erased a sizable morning rally. The S&P 500 climbed... More »

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Ben Bernanke • Dell • Federal Reserve • Dow Jones • Nasdaq • interest rate • Countrywide • S&P 500

Bernanke Hints at Rate Cut

Fed chief expresses concern about housing, financial markets

Nov 29, 07 7:18 PM CST
(Newser) - Ben Bernanke signaled tonight that the Fed is ready to cut interest rates again to help the struggling economy, the Wall Street Journal reports. The Fed chief said the nation's housing troubles and its offshoots are straining the economy and financial markets and will "create some headwinds for the... More »

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Ben Bernanke • Federal Reserve • interest rate

Arnie Teams With 4 Lenders to Hold Off Foreclosures

Governator brokers deal to keep subprime mortgage at inital rates

Nov 21, 07 6:47 PM CST
(Newser) - Four big lenders in California have agreed to extend low-interest mortgage rates to homeowners on the brink of foreclosure, the San Francisco Chronicle reports. The lenders worked with Gov. Schwarzenegger on the deal, which will apply to subprime borrowers who have made payments on time so far but will be... More »

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California • Arnold Schwarzenegger • subprime mortgages • foreclosure • Countrywide Financial • interest rate

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