Wed, May 21 2008, 7:00 AM
In unusually explicit language, the minutes of the Federal
Open Market Committee's (FOMC) April 29-30 meeting said the
decision to cut rates at th...
Wed, May 21 2008, 7:00 AM
Kevin Warsh, a voting member of the Federal Reserve Board, signalled
concerns about inflation and said fellow Fed members need to be
cautious in cu...
Wed, May 21 2008, 7:00 AM
The mortgage crisis has created yet another concern that could
directly impact homeowners and, strangely enough, it is Mother Nature.
A.M. Best Co...
Wed, May 21 2008, 7:00 AM
Mortgage rates continued to move within a tight range
during the week ended May 15 according to results from Freddie Mac�s
Primary Mortgage Market ...
Wed, May 21 2008, 7:00 AM
Canadian CPI and the FOMC minutes are the highlights
of the North American economic events, but with crude oil surging to new
record highs on Wedn...
Wed, May 21 2008, 7:00 AM
Weekly mortgage applications in the United States
fell in the week ending May 16, according to data from the Mortgage
Bankers' Association (MBA) o...
Tue, May 20 2008, 7:00 AM
Speaking at a National conference on Public Retirement in Louisiana,
Federal Reserve Vice Chairman Donald L. Kohn reiterated his position that
while...
Tue, May 20 2008, 7:00 AM
After the FOMC cut rates 25 bps to 2.00% on April 30 and signalled a
pause in monetary policy loosening, economists will be attentive to any
comment...
Tue, May 20 2008, 7:00 AM
Might there be a housing rescue bill after all?
Monday night Senator Chris Dodd (D-CT and Senator Richard Shelby (R-
AL), Chairman and Ranking Me...
Tue, May 20 2008, 7:00 AM
U.S. producer prices, IBD/TIPP Economic Optimism and comments from Fed
Vice-Chairman Donald Kohn will highlight the U.S. economic data front,
while ...
Tue, May 20 2008, 7:00 AM
Inflation is not yet out of control in the United States, according to
former Fed Chairman Alan Greenspan , speaking via
satellite link to a confer...
Mon, May 19 2008, 7:00 AM
Economists are expecting a quiet week despite a handful of
market-moving reports . Markets will receive FOMC minutes
from the April monetary policy...
Mon, May 19 2008, 7:00 AM
Speaking at a conference on Saturday, Dennis Lockhart, Atlanta Fed
President (non-voter) said inflation levels were 'elevated' and that a
slowing U....
Mon, May 19 2008, 7:00 AM
We can all breathe a sign of relief.
The housing crisis is over .
At least that was the headline on the editorial page of the Wall
Street Jour...
Mon, May 19 2008, 7:00 AM
According to the Conference Board, the index of U.S. leading
indicators improved 0.1% month-over-month in April, matching the 0.1%
rise in March.
...
Fri, May 16 2008, 7:00 AM
The first monthly reading for consumer confidence in May failed to
show any improvement despite the beginning of the fiscal stimulus
tax rebates ...
Fri, May 16 2008, 7:00 AM
Brian Bethune, chief U.S. financial economist at Global Insight, said
the decline in single-family starts "certainly makes sense given the
level of...
Fri, May 16 2008, 7:00 AM
The rate of housing starts during April was 8.2
percent higher than in March. April�s rate was 1,032,000 and the revised
March estimate was 954,00...
Thu, May 15 2008, 7:00 AM
Speaking at the Chicago Fed's Conference on Bank Structure and
Competition , Fed Chairman Ben Bernanke said he would strongly
urge firms to continu...
Thu, May 15 2008, 7:00 AM
Weakness in U.S. industrial production is consistent with
recessionary levels , economists said following the 0.7%
decline in Thursday's report f...
Wed, May 14 2008, 7:00 AM
There is a need for investment banks to be regulated
like commercial banks, according to former Fed Chairman Paul Volcker
testifying before the Co...
Wed, May 14 2008, 7:00 AM
The lower-than-expected core CPI report released
Wednesday should allow the Fed to cut rates once again
rather than worry about rising inflation...
Wed, May 14 2008, 7:00 AM
Weekly mortgage applications in the United States
rose in the week ending May 9, according to data from the Mortgage
Bankers' Association (MBA) on...
Wed, May 14 2008, 7:00 AM
There is an elevated amount of reluctance from banks
to lend, according to Boston Fed President Eric Rosengren, speaking
Wednesday at the Boston F...
Tue, May 13 2008, 7:00 AM
Speaking at the Atlanta Fed's Financial Markets Conference, Federal
Reserve Chairman Ben Bernanke addressed the current
state of the U.S. economy,...
Tue, May 13 2008, 7:00 AM
Delivering opening remarks at the Atlanta Fed's Financial Markets
Conference, Dennis Lockhart , head of the Atlanta Federal
Reserve (non-voter) sai...
Tue, May 13 2008, 7:00 AM
Dallas Federal Reserve President Richard Fisher (voter) speaking at
the Hilton Midland Plaza in Texas said that the current economic
slowdown will...
Tue, May 13 2008, 7:00 AM
Even as the House of Representatives passed two housing rescue
bills and the Senate wrestles over a bill of its own,
criticism is raining down o...
Mon, May 12 2008, 7:00 AM
It is going to be a blockbuster week for data in the
U.S. with the release of tier one data. Markets will receive April's CPI
report, retail sales...
Mon, May 12 2008, 7:00 AM
Another program to aid in the subprime mortgage crisis has been
announced by Fannie Mae .
Under the new rules Fannie will refinance mortgages at ...
Fri, May 9 2008, 7:00 AM
The latest bill would allow lenders to reduce their
exposure to foreclosures if they agree to cut the outstanding balance of
an existing loan, thu...
Fri, May 9 2008, 7:00 AM
The House late Thursday approved a narrowly focused bill that would
provide $15 billion to the states to buy and spruce up foreclosed
properties . ...
Thu, May 8 2008, 7:00 AM
The Federal Reserve and Federal Trade Commission proposed new rules on
Thursday which would require lenders to inform consumers
of unfavourable de...
Thu, May 8 2008, 7:00 AM
The current pace of jobless claims is relatively low
compared to the previous recession, some economists say. However, others
note that the rise i...
Wed, May 7 2008, 7:00 AM
Weekly mortgage applications in the United States
rose in the week ending May 2 following two weeks of declines, according
to data from the Mortga...
Wed, May 7 2008, 7:00 AM
Economists say the March report for pending home
sales confirms what has been known for many months now: the U.S.
housing market is still several ...
Wed, May 7 2008, 7:00 AM
Fed Governor Randall Kroszner said rising mortgage
foreclosures are an " urgent problem " and called
on Congress to pass a Fannie Mae and Freddie ...
Wed, May 7 2008, 7:00 AM
Surprising to the upside, seasonally adjusted consumer
debt rose $15.3 billion in March, according to data released
Wednesday from the U.S. Federa...
Wed, May 7 2008, 7:00 AM
Kansas City Fed President Thomas Hoenig (non-voter) says that
inflation is becoming embedded in the economy and that
may compel a significant int...
Wed, May 7 2008, 7:00 AM
Continued tight credit and worries about inflation worked to keep
mortgage rates essentially locked into place during the
week ended May 1 accordi...
Tue, May 6 2008, 7:00 AM
With Washington increasingly relying on Fannie and
Freddie to pick up the slack in buying mortgages and mortgage-
backed securities - the two betw...
Tue, May 6 2008, 7:00 AM
Deteriorating conditions in the U.S. housing market contributed to a
larger-than-expected first quarterly loss from U.S. mortgage giant FNMA
( Fanni...
Tue, May 6 2008, 7:00 AM
Lending standards at U.S. banks are increasingly
stringent, according to the Federal Reserve's April 2008 Senior Loan
Officer Opinion Survey on Ba...
Tue, May 6 2008, 7:00 AM
Fed Chairman Ben Bernanke said accelerating rates of
foreclosures and delinquencies can have a significant impact on
the economy and called for mo...
Mon, May 5 2008, 7:00 AM
Investigations into events surrounding the
virtual collapse of the mortgage lending industry are
expanding on a number of levels.
In addition ...
Mon, May 5 2008, 7:00 AM
Speaking in an interview with Diane Rehm on WAMU radio, Assistant
Secretary for Economic Policy at the U.S. Department of
Treasury Philip Swagel s...
Fri, May 2 2008, 7:00 AM
A key committee in the House of Representatives late Thursday passed
legislation that would make up to $300 billion in federally
insured mortgages ...
Thu, May 1 2008, 7:00 AM
Speaking to the Securities Industry and Financial Markets Association
in Chicago on Thursday, U.S. Assistant Secretary for Financial Markets
Anthony...
Thu, May 1 2008, 7:00 AM
In a letter to U.S. Senator Chris Dodd, Fed Chairman Ben
Bernanke said it is impossible to tell when markets will
normalize and that the Fed is co...
Thu, May 1 2008, 7:00 AM
According to a report from the U.S. Commerce Department,
construction spending in the United Sates declined 1.1%
month-over-month in March.
Nev...
