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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: interest rate

interest rate stories: 98 news summaries

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New-Home Sales Grow, Spur Wall St.

But new figures don't fully reflect credit market's impact, analysts say

Aug 24, 07 11:21 AM CDT
(Newser) - New-home sales grew 2.8% last month, delivering an unexpected bit of good news to investors still reeling from the credit crunch. But the housing market, which had been rebounding in recent months from a slump, will likely show renewed weakness after he mortgage crisis dust settles, Bloomberg reports. More »

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Ben Bernanke • Wall Street • real estate • Federal Reserve • home sales • credit market • interest rate • Countrywide • Toll Brothers • Department of Commerce • housing crisis

Stocks Stall Amid Continued Anxiety

Traders watch, wait
as Fed weighs
interest  rate cut

Aug 23, 07 4:33 PM CDT
(Newser) - The Dow dipped a quarter-point to close at 13,235.88 today as investors continue to fret over the possibility of a Fed interest rate cut. The S&P 500 dropped 1.57 to 1,462.5, and the Nasdaq fell 11.10 to 2,541.70. Home Depot led... More »

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stock market • Wall Street • Bank of America • investors • Federal Reserve • Dow Jones • Home Depot • interest rate • Countrywide

Consumer Confidence Plummets

Wall Street woes
might be spreading
to Main Street

Aug 17, 07 5:37 PM CDT
(Newser) - Consumer confidence dropped dramatically in August, according to the latest index released by Reuters and the University of Michigan. The metric places consumer sentiment at 83.3, the lowest reading of the year, and well below the predicted 88.0. It may be a sign that chaos on Wall Street... More »

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Wall Street • Federal Reserve • consumer confidence • consumer spending • interest rate • consumer confidence index

Market Opens Sharply Down

Aug 16, 07 10:18 AM CDT
(Newser) - US stocks dipped this morning, following steep declines in Europe and Asia as distress over the expanding credit crisis heightened. The Dow Jones sank over 100 points this morning, and the S&P was off nearly 0.8% after erasing its entire year's gains yesterday. "Everyone is waiting for... More »

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stock market • Federal Reserve • subprime mortgages • Henry Paulson • business • shares • US economy • yen • interest rate • credit crisis

Inflation Eases, Trade Deficit Narrows

New data is mostly positive, and unlikely to influence interest rates

Aug 14, 07 10:55 AM CDT
(Newser) - With the exception of energy and food, inflation at the wholesale level rose less than expected last month, while the US trade deficit got slimmer, thanks to an increase in exports. Still, a rise in energy costs in July led to an unexpected .06% uptick in the producer price index... More »

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inflation • Federal Reserve • exports • trade deficit • deficit • US economy • producer prices • interest rate • short term interest rate • Department of Labor • Producer Price Index

Fed Weighs Risky Biz of Rate Cut

Intervention could encourage more risk and trigger bigger crisis

Aug 13, 07 4:03 AM CDT
(Newser) - The Federal Reserve is facing a dilemma as it decides whether to ride to the rescue of  the market by slashing interest rates—and risk encouraging further recklessness and triggering an even worse crisis, reports the Wall Street Journal. The issue is what economists call moral hazard: protecting someone too... More »

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Federal Reserve • economics • Alan Greenspan • recession • Bill Bernanke • deflation • moral hazard • interest rate

Fed Pumps $19B Into Market

Will add $19B in temporary funds
to bolster credit markets

Aug 10, 07 8:39 AM CDT
(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... More »

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

Fed Stands Pat on Prime Rate

Central bank's top priority remains curbing inflation

Aug 7, 07 2:30 PM CDT
(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... More »

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

Productivity Up, But Inflation Still Looms

Escalating cost of labor helps drag down growing economy

Aug 7, 07 12:54 PM CDT
(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,... More »

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

And He's Not Going to Take It Anymore

'Mad Money' madman Cramer snaps,
beseeches Bernanke to cut rates

Aug 7, 07 10:45 AM CDT
(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 "... More »

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

Jobless Rate Rises While
GDP Rebounds

Economic growth balances looming
threat of inflation

Aug 3, 07 12:44 PM CDT
(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... More »

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

Banks Tighten Credit Squeeze

Lenders 'raising rates like crazy'

Aug 3, 07 4:38 AM CDT
(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... More »

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subprime mortgages • mortgage • loans • Wells Fargo • Alt A loans • IndyMac • National City • interest rate

Inflation-Free Growth Is Too Good to Last

Inflation and higher interest rates
could cool world markets

Jun 6, 07 2:54 PM CDT
(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 »

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inflation • globalization • labor • global economy • US economy • interest rate

Interest Rate Cut Triggers Panic in Iran

President goes over finance minister's head, ignites sell-off

May 25, 07 2:05 PM CDT
(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... More »

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

Fed Holds Interest Rates Steady

Unanimous vote seeks to stave off inflation

May 9, 07 2:26 PM CDT
(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 »

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inflation • Ben Bernanke • housing market • Federal Reserve • US economy • interest rate

Dollar Gets Pounded

As the pound
passes $2, Brits expected to
flock to U.S.

Apr 18, 07 11:53 AM CDT
(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,... More »

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inflation • currency • exchange rate • money • pound • interest rate

Bernanke Keeps Interest Rate Steady

Sees housing crisis as risk, but doesn't see recession

Mar 29, 07 8:15 AM CDT
(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... More »

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

Consumer Financial
Savvy Peaks at 53

Data shows the age of 53 is sweet spot for financial savvy

Mar 22, 07 11:57 AM CDT
(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... More »

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personal finance • baby boomer • consumer • capital • experience • credit card • interest rate

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