MoneyRates Blog
Broad Measures of Unemployment Rate Close to 18%
By Clark Schultz | Money-Rates Columnist
The unemployment rate in the United States was reported at 7.6% in the most recent release by the Bureau of Labor Statistics (BLS). As has been widely reported the staggering loss of jobs accelerated in the fourth quarter of 2008 pushing the total lost jobs to over 2.6 million for the year. The reports from [...]
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The Fed Goes to the Mat
By MoneyRates team | Money-Rates Columnist
The Federal Reserve delivered another strong shot of adrenaline to the sagging U.S. economy by reducing the federal funds rate to an all-time low of 0.25%. The benchmark rate used by banks for lending is likely to stay low for quite a while according to the language in the released statement from the policy-making committee. [...]
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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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