As the Great Depression set in, countries around the world raced to put in trade protection measures in order to safeguard their own economies. With this downturn, we see countries racing to do...
The Federal Reserve on Thursday will vote on sweeping reform of the credit card industry that would ban practices such as retroactively increasing interest rates at will and charging late fees when...
This is a discussion on the future direction of the Federal Funds rate, using the Fed Funds Rate Predictor (produced by the Cleveland Fed as a starter.
As expected, the Fed dropped rates by 50 basis points (half a percent) to 1%. The idea is to make it cheaper for banks and borrowers to get money. The problem is that banks still don't want to...
Nouriel Roubini, an economist who predicted the credit crisis said in a speech yesterday that the world is teetering on the brink of a financial meltdown. He offered several steps that he think...
The Fed stood pat on rates today, keeping the Fed Funds Rate at 2%, despite widespread turmoil on Wall Street. Weak growth is fighting inflation to a standstill within the Fed.
Savings and...
As late as Friday, it looked like a virtual lock that the Fed would keep rates at 2%. But the activity of the last couple of days has dramatically increased the odds the Fed will lower rates. If...
Here's an example of an investment expert getting way ahead of himself. Mark Mobius, who oversees about $40 billion in emerging- market stocks as executive chairman at Templeton Asset Management...
It's clear the Fed isn't going to change rates tomorrow, but some analysts believe that the Fed will raise rates before the end of the year. I don't particularly agree since I think dropping oil...
With recessionary forces fighting against inflationary forces, central bankers in the US and Europe don't know what to do, so they aren't doing anything.
Markets were gearing up for some type of interest rate hike later in the year in response to inflation pressure. The latest financial sector problems may have put those hikes on hold.
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