Wall Street awaits decision on interest ratesMadlen Read
TheWall Street Journalreports: A sudden drop-off in investor demand for U.S. Treasury notes is raising questions about whether interest rates will finally begin a march higher– a climb that would jack up the government’s borrowing costs and spell trouble for the fragile housing market. This ...
Michael Boskin is another smart guy. He was chairman of George Bush’s Council of Economic Advisors. In March 2009, he penned an article in theWall Street Journaltitled “Obama’s Radicalism Is Killing the Dow.” The piece was published on almost the exact low. The market soared for years...
ice Index report]]>Tim Paradis
In case you were just yesterday wondering if interest rates could get any lower, the answer was "yes": "The Treasury sold $44 billion of two-year notes at a yield of 0.802 percent, the lowest on record, as demand for the safety of U.S. government securit
U.S. stocks finished mixed after the head of the Federal Reserve said the cuts to interest rates that Wall Street craves so much are still likely, even if they’re delayed because of stubbornly high inflation
NEW YORK, New York - U.S. investors fretted Tuesday while the U.S. central bank deliberated on whether to hike interest rates another time. The decision will not be known until the Federal Reserve's regular two-day monthly meeting wraps up on Wednesday. ...
the Federal Reserve is more likely to cut rates than to hike them, the minutes said “various participants” were willing to raise rates if inflation worsens. That complicated the rekindled hopes on Wall Street that the Fed will be able to cut its main inte...
Prime rate, federal funds rate, COFIUpdated: 2024-11-05 This WeekMonth AgoYear Ago WSJ Prime Rate888.5 What it means:The initials stand for The Wall Street Journal, which surveys large banks and publishes the consensus prime rate. The Journal surveys the 30 largest banks, and when three-qua...
The Wall Street Journal Prime Rate is an average of 10 large American banks' prime rates, which is published in WSJ on a regular basis.1 The prime rate is the best interest rate charged to a bank's most financially sound customers. ...