Keyword: interestrates

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  • Remember the price spikes for appliances after Trump’s tariffs?

    06/12/2019 9:47:55 AM PDT · by listenhillary · 27 replies
    Marketwatch ^ | 6/12/2019 | Jeffery Bartash
    (Snip) What’s going on? Economists point to a variety of explanations. The global economy has gotten weaker and the U.S. dollar stronger, making imports cheaper for Americans to buy and lessening the impact of tariffs. The cost of imports excluding foreign oil have fallen almost 1% in the past year. “We are importing deflation,” asserted chief U.S. economist Chris Low of FTN Financial.
  • Despite Mainstream Media Claims: No Doom and Gloom Behind Low Interest Rates

    06/11/2019 4:29:48 AM PDT · by Kaslin · 6 replies
    Townhall.com ^ | June 11, 2019 | Ken Blackwell
    The stock market is rebounding on the news that the Federal Reserve is considering an interest rate decrease, but some commentators are spinning this as a sign of economic calamity.“We are closely monitoring the implications of these developments for the U.S. economic outlook and, as always, we will act as appropriate to sustain the expansion, with a strong labor market and inflation near our symmetric 2 percent objective,” Federal Reserve Chairman Jerome Powell said Tuesday.Experts widely interpreted this as an indication that the Fed may soon implement a rate cut after raising rates steadily over the entire course of Donald...
  • AOC and Sanders call for capping credit card interest rates at 15%

    05/09/2019 11:05:26 AM PDT · by Steve1999 · 109 replies
    Washington Examiner ^ | 09-05-19 | Colin Wilhelm
    Bernie Sanders and Alexandria Ocasio-Cortez will introduce legislation to create a national cap on interest rates for credit cards. The Sanders-Ocasio-Cortez legislation would limit credit card annual percentage rates to 15%. Current credit card annual percentage interest rates typically range from the mid-teens to high 20s, depending on a person’s credit score. “Every major religion on Earth ... has condemned usury because it is really disgusting,” said Sanders, a Vermont independent senator who is also a leading candidate in the Democratic presidential primary. “What Alexandria and I are proposing in this legislation is not complicated ... Bringing back the concept...
  • White House economic advisor Larry Kudlow says Fed should still cut rates despite 3.2% GDP growth

    04/26/2019 8:25:49 AM PDT · by SeekAndFind · 34 replies
    CNBC ^ | 04/26/2019 | Michael Sheetz
    The U.S. economy is off to its best start to a year since 2015 and White House economic adviser Larry Kudlow says Federal Reserve should still add stimulus by cutting interest rates. GDP grew by 3.2% in the first quarter, which Kudlow called “a blow out number.” He said the current economy is in a “prosperity cycle” that “is gaining momentum, not losing momentum” “The inflation rate continues to slip lower and lower,” Kudlow told CNBC’s “Squawk on the Street” on Friday. “Even according to the Fed’s own spokespeople, from the chairman on down, that could open the door to...
  • Inverted yield curve puts Federal Reserve interest rate policy in jail

    03/22/2019 7:13:29 AM PDT · by SeekAndFind · 29 replies
    American Thinker ^ | 03/22/2019 | Chriss Street
    The Federal Reserve, facing an inverted yield curve crushing Main Street’s small banks, panicked on March 20 and pledged no more interest rate increases this year. The U.S. central bank’s Open Market Committee voted unanimously to maintain its lending benchmark interest rate in a range of 2.25% and 2.5%. Fed officials stressed to the financial press that they would be “patient and flexible” in the future before making adjustments to the closely followed bank borrowing rate. When President Obama almost created a depression by raising taxes and increasing regulations during a bad recession, the Federal Reserve flooded the U.S. economy...
  • Cashing In: How to Make Negative Interest Rates Work (Central banks plan to steal your savings)

    02/11/2019 8:53:40 AM PST · by bkopto · 25 replies
    International Monetary Fund ^ | 2/5/2019 | Ruchir Agarwal and Signe Krogstrup
    Many central banks reduced policy interest rates to zero during the global financial crisis to boost growth. Ten years later, interest rates remain low in most countries. While the global economy has been recovering, future downturns are inevitable. Severe recessions have historically required 3–6 percentage points cut in policy rates. If another crisis happens, few countries would have that kind of room for monetary policy to respond. To get around this problem, a recent IMF staff study shows how central banks can set up a system that would make deeply negative interest rates a feasible option. In a cashless world,...
  • U.S. Existing Home Sales Are Rapidly Slowing. Nobody Is Quite Sure Why

    01/22/2019 9:05:41 PM PST · by dila813 · 97 replies
    Fortune ^ | Today 7:34 PM EST | KEVIN KELLEHER
    U.S. housing sales, a key pillar of economic growth in recent years, are looking weaker again. Existing home sales declined for much of 2018. In December, according to the National Association of Realtors, sales of single-family homes, condos, and co-ops fell a larger-than-expected 6.4% from the previous month. A Reuters survey of economists projected home sales to decline by a modest 1% in December.
  • Fed Raises Interest Rates Amid Fierce Pushback From Trump, Signals Fewer Hikes In 2019

    12/19/2018 11:35:31 AM PST · by Enlightened1 · 58 replies
    Business Insider ^ | 12/19/18 | Akin Oyedele
    The Federal Reserve on Wednesday raised its key interest rate for the fourth time this year, but signaled fewer rate hikes in 2019 than it had forecast. Americans with credit cards and other short-term loans will soon notice the increase, although banks typically take longer to raise interest rates for savers. The hike came amid criticism from President Donald Trump, signs of an economic slowdown, and stock-market volatility. The Federal Reserve on Wednesday raised its benchmark interest rate as had been widely anticipated and signaled fewer rate hikes in 2019 than it had forecast. The Fed's statement was expected to...
  • Time for a Fed Pause

    12/18/2018 5:56:33 AM PST · by Moonman62 · 7 replies
    WSJ ^ | 12/18/18 | The Editorial Board
    Inflation and other economic signals justify interest-rate caution. If you think your job is tough, consider Federal Reserve Chairman Jerome Powell. He’s signaled for months that the Fed will raise interest rates again this week, but economic and financial signals suggest he should pause. Meanwhile, Donald J. Trump is beating him up almost daily not to raise rates. What to do? The right answer is to ignore the politics, inside and outside the Fed, and follow the signals that suggest a prudent pause in raising rates...
  • I hope the people over at the Fed will read today’s WSJ Editorial before they make another mistake.

    12/18/2018 5:38:26 AM PST · by Moonman62 · 45 replies
    Twitter ^ | 12/18/18 | President Trump
    I hope the people over at the Fed will read today’s Wall Street Journal Editorial before they make yet another mistake. Also, don’t let the market become any more illiquid than it already is. Stop with the 50 B’s. Feel the market, don’t just go by meaningless numbers. Good luck!
  • It is incredible that with a very strong dollar and virtually no inflation... [Trump Tweet]

    12/17/2018 10:37:46 AM PST · by Moonman62 · 97 replies
    Twitter ^ | 12/17/18 | President Trump
    It is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike. Take the Victory!
  • Trump Flunks Fed Politics: Bashing Jay Powell makes it harder to keep interest rates low.

    10/25/2018 8:03:13 AM PDT · by reaganaut1 · 15 replies
    Wall Street Journal ^ | October 24, 2018
    ... [N]o Fed Chairman can afford to be seen by markets to be taking interest-rate dictation from the White House, and when they do it typically ends in tears. See Arthur Burns under Richard Nixon and G. William Miller under Jimmy Carter. Alan Greenspan and Ben Bernanke were also too cozy politically with administrations in power, but that influence was mostly behind the scenes. Poor Mr. Powell has the harrowing task of managing the transition from the largest experiment in monetary-policy history. Mr. Bernanke and later Janet Yellen enjoyed the ride down to near-zero short-term rates and unprecedented bond-buying to...
  • Trump Steps Up Attacks on Fed Chairman Jerome Powell

    10/24/2018 5:31:51 AM PDT · by reaganaut1 · 53 replies
    Wall Street Journal ^ | October 23, 2018 | Michael C. Bender, Rebecca Ballhaus, Peter Nicholas and Alex Leary
    WASHINGTON—President Trump escalated his attacks on Federal Reserve Chairman Jerome Powell, saying the head of the nation’s central bank threatened U.S. economic growth and appeared to enjoy raising interest rates. In an interview Tuesday with The Wall Street Journal, Mr. Trump acknowledged the independence the Fed has long enjoyed in setting economic policy, while also making clear he was intentionally sending a direct message to Mr. Powell that he wanted lower interest rates. “Every time we do something great, he raises the interest rates,” Mr. Trump said, adding that Mr. Powell “almost looks like he’s happy raising interest rates.” The...
  • Ex-Fed chief Greenspan: This is the tightest labor market I've ever seen

    10/18/2018 3:32:07 PM PDT · by DannyTN · 17 replies
    cnbc.com ^ | 10/18/2018 | Berkeley Lovelace Jr
    ... "This is the tightest market, labor market, I've ever seen, he said in an interview with "Squawk Box." "But concurrently, we have a very slow productivity increase." ...
  • What and Who the Federal Reserve Really Is

    The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP Amoco and Chevron Texaco); in tandem with Deutsche Bank, BNP, Barclays and other European old money behemoths. But their monopoly over the global economy does not end at the edge of the oil patch. According to company 10K filings to the SEC, the Four Horsemen of Banking are among the top ten stock holders of virtually every Fortune 500 corporation. .......long, detailed report at link
  • Dow tumbles 650 points to new low on day, bringing 2-day losses to more than 1,400 points

    10/11/2018 11:57:57 AM PDT · by BradtotheBone · 98 replies
    CNBC ^ | 10/11/2018 | Fred Imbert
    Stocks fell in volatile trading Thursday, a day after the major indexes suffered steep losses sparked by higher rates and a sell-off in tech shares. The Dow Jones Industrial Average traded 650 points lower, bringing its two-day losses to more than 1,400 points. The S&P 500 dropped 2.1 percent and was on pace for a six-day losing streak. The broad index also broke below its 200-day moving average for the first time since May. The Nasdaq Composite pulled back 1.5 percent and entered correction territory. The major indexes fell after some of the major tech names failed to recover from...
  • Inflation Target Regrets

    10/10/2018 12:28:58 PM PDT · by george76 · 4 replies
    Townhall ^ | Oct 09, 2018 | Michael Pento
    For years central banks had been keeping rates near 0%, or below, and at the same time printing over a hundred billion dollars’ worth of fiat currencies each and every month to purchase bonds and stocks. That is all changing now. ... fourteen major global central banks are either in the process right now, or have indicated that they be will next year, in the process of raising interest rates. At the same time, QE on a global net basis will plunge from $180 billion per month at its peak during 2017, to $0 by December…and will then go negative...
  • Dow plummets 600 points in worst drop since March

    10/10/2018 12:37:22 PM PDT · by BradtotheBone · 118 replies
    CNBC ^ | 10/10/2018 | Fred Imbert
    Stocks sank on Wednesday as a steep decline in tech shares and worries of rapidly rising rates sent Wall Street on pace for its worst day in six months. The Dow Jones Industrial Average traded more than 600 points lower as Intel and Microsoft fell more than 2.5 percent each. The Nasdaq Composite plummeted 3 percent. The S&P 500 dropped 2.5 percent, with the tech sector underperforming. The broad index was also headed for a five-day losing streak — which would be its longest since late 2016 — and fell below its 50-day moving average, a widely followed technical level....
  • Fed hikes rates, points to two more increases by year's end

    06/14/2018 7:33:31 AM PDT · by Red Badger · 18 replies
    CNBC ^ | 06/14/2018 | Jeff Cox
    The Federal Reserve hikes its benchmark short-term interest rate a quarter percentage point. The Fed says in a statement that economic growth has been "rising at a solid rate," an upgrade from "moderate" in May. The central bank points to two more hikes, which would bring the 2018 total to four increases. The Federal Reserve hiked its benchmark short-term interest rate a quarter percentage point Wednesday and indicated that two more increases are likely this year. The move pushes the funds rate target to 1.75 percent to 2 percent. The rate is closely tied to consumer debt, particularly credit cards,...
  • Fed hikes rates, points to two more increases by year's end

    06/13/2018 11:03:02 AM PDT · by DCBryan1 · 53 replies
    CNBC ^ | 13 JUN 18 | Jeff Cox
    The Federal Reserve hiked its benchmark short-term interest rate a quarter percentage point Wednesday and indicated that two more increases are likely in store ahead. The move pushes the funds rate target to 1.75 percent to 2 percent. The rate is closely tied to consumer debt, particularly credit cards, home equity lines of credit and other adjustable-rate instruments. In an unusually terse statement that ran just 320 words, the Federal Open Market Committee changed multiple phrases from its previous missives, pointing to a more optimistic view on economic growth and higher inflation expectations.