MoneyRates Blog
Economic Releases, the Fed, and Interest Rates
By MoneyRates team | Money-Rates Columnist
Last friday’s release of a large increase in the unemployment rate and a surge in oil prices spooked financial markets with a carry-over effect to Asian and European markets. With the Federal Reserve expected to keep interest rates steady through the June meeting, this week will see a sharp focus on economic releases to clarify [...]
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Recession? Americans, economists, itrade.com say yes! Bush and his Administration say No.
By MoneyRates team | Money-Rates Columnist
The US economy will grow in 2008 and avoid a recession despite a lingering housing slump and a related credit crunch, White House economists said Monday. The annual “Economic Report of the President” is claiming that the US economy will avoid recession and grow in 2008 contrary to what a consensus of economists believe. Citing [...]
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The Bank Rates They Are A-Changin’
By MoneyRates team | Money-Rates Columnist
The Fed has walloped the United States with massive rates cuts of 125 points in a 10-day span on the realization that the U.S. economy is in a recession. The Fed noted the slowdown in the housing market and labor market as contributing to the economic malaise. The prime rate, which banks use as their [...]
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The Fed Cuts Rates a Quarter Point
By MoneyRates team | Money-Rates Columnist
The Fed voted to lower the fed funds rate a quarter point to 4.50% today with one dissenting vote. The rate cut, which follows a 50 point cut in September, will effectively lower the prime lending rate in the United States to 7.50%. Loan payments, mortgages, and credit cards which are indexed to the prime [...]
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Interest Rates Review - October 5, 2007
By MoneyRates team | Money-Rates Columnist
Interest rates had a mixed weeks with mortgage rates decreasing, bank deposit rates decreasing, and The 50 point interest rate cut by the Federal Reserve may be enough to keep the U.S. economy from sinking as a result of the financial markets’ recent turmoil, Donald Kohn, vice chairman of the central bank, said Friday. Kohn [...]
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