September 2008 - Fed and Economy Watch

Recent Video

Realty Check: USDA Home Loans

Join Now for Email Alerts

Posts | Comments

Sort by: Most Recent | Most Viewed | Most Commented

Receive Free Email Alerts
Stay up to date on breaking news and blog posts with our free News Alert Service.

Notice: 'Top News' and 'Fed and Economy Watch', have been combined into a new channel called 'MND Newswire'. Check back daily for the latest housing and economic news.

The new url for MND Newswire is http://www.mortgagenewsdaily.com/news/

Consumer Confidence Improves to 59.8 in September

Comments (0)

September 30 2008, 10:06 AM

The Conference Board's U.S. consumer confidence index for September improved to 59.8 in Tuesday's report, higher than the consensus expectations that confidence would drop to 55.0. The advance was led solely by the expectations component. One

Filed under: consumer confidence

Read More
Fed Funds Price in 100% Chance of a Cut as Congress Battles Over Bailout Plan

Comments (0)

September 26 2008, 1:45 PM

As Republicans and Democrats battle over details of the bailout package, Fed funds futures are pricing in a 68% chance of a 25 bps cut and a 32% chance of a 50 bps cut for the next Federal Reserve meeting scheduled for October 29. Led by Roy Blunt, House

Filed under: interest rates, fed funds futures, congress, bailout

Read More
ECB, Fed, BOE, SNB to Provide Further U.S. Liquidity In One-Week Refi Operation

Comments (0)

September 26 2008, 2:40 AM

The European Central Bank, the Bank of England, the U.S. Federal Reserve and the Swiss National Bank have, through their reciprocal currency agreements, have decided to provide further U.S. liquidity in a one week refi operation . The purpose of this

Filed under: federal reserve, european central bank, liquidity

Read More
Final Q2 GDP and Personal Consumption Unexpectedly Revised Down

Comments (0)

September 26 2008, 8:36 AM

A final look at second-quarter GDP has the U.S. economy growing at an annualized rate of 2.8% despite expectations for no change to the preliminary report's 3.3% growth rate. Nevertheless the result was above the 0.9% growth rate reported in the first

Filed under: personal consumption, gdp

Read More
Kansas City Fed Manufacturing Survey Drops in September

Comments (0)

September 25 2008, 11:09 AM

Manufacturing in the Tenth region - Colorado, Kansas, Nebraska, Oklahoma, Wyoming, northern New Mexico, and western Missouri - plummeted in September, falling sharply to a -9 reading from the prior month's +6 level, according to the Kansas City Fed's

Filed under: fed manufacturing

Read More
August Durable Goods Index Posts Big Losses

Comments (0)

September 25 2008, 8:35 AM

Durable goods excluding transportation posted another weak result in August, falling 3.0% despite forecasts for a 0.5% decline, according to the Department of Commerce. Total new orders were even more disappointing, falling by 4.5% against expectations

Filed under: durable goods

Read More
U.S. Treasury $34 Billion Two-Year bond Auction Draws High Yield of 2.115%

Comments (0)

September 24 2008, 1:03 PM

A record high auction of $34 billion two-year Treasury bonds drew a high yield of 2.115% allotted to 15.68% of bidders. The high yield was below the 'when issued' yield of 2.133% prior to the announcement. The median discount rate was 2.050% and

Filed under: treasury bonds, treasury auction

Read More
Fed Sets Up $30B Worth of Swap Accounts with Other Central Banks

Comments (0)

September 24 2008, 6:57 AM

The Federal Reserve announced last night that it had set up currency swap agreements with the Danish, Australian, Norwegian and Swedish central banks, worth up to $30 billion. "These facilities, like those already in place with other central banks

Filed under: federal reserve, currency swaps

Read More
Mass Layoffs in August Reaches New High

Comments (0)

September 23 2008, 10:11 AM

Mass layoff actions , involving 50 or more employees from a single firm, came in at a seasonally adjusted 1,772 in August, a higher pace of layoffs than the previous month's 1,512 actions, the U.S. Bureau of Labor Statistics reported Tuesday. Layoff

Filed under: mass layoffs

Read More
Weekly Retail Sales Post Third Weekly Drop in ICSC-UBS Survey

Comments (0)

September 23 2008, 9:02 AM

Retail sales advanced 1.3% on an annual basis in the week ending Sept. 20, according to a weekly survey from the International Council of Shopping Centers (ICSC) and UBS Securities. But on a week-over-week basis, sales slipped by 1.9%, the third consecutive

Filed under: retail sales, International Council of Shopping Centers

Read More
Chicago Fed's National Activity Index at 7-Year Low

Comments (0)

September 22 2008, 8:40 AM

The Chicago Fed National Activity Index fell to its lowest level since 2001 in August, falling to -1.59 in the month, down from July's downwardly revised reading of -0.93. All four broad categories made negative contributions to the index this month

Filed under: chicago fed

Read More
Fed Funds Price in 100% Chance of Rate Cut as Markets Rally

Comments (0)

September 18 2008, 4:44 PM

Fed funds futures have priced in a 100% chance of a rate cut for the next FOMC meeting scheduled for October 29, as markets rallied today on a CNBC report that the U.S. government has come up with a plan to deal with the financial crisis in the U.S. Markets

Filed under: federal reserve, interest rates, fed funds futures

Read More
U.S. M1 and M2 Money Supply Falls in Week Ending Sept. 8

Comments (0)

September 18 2008, 4:39 PM

M1 Money Supply dropped $5.2 billion in the week ending Sept. 8, while M2 fell $1.9 billion, according to figures released by the Federal Reserve on Thursday. The Fed's Treasury holdings rose $56 million to $479.8 billion in the week. The Fed also

Filed under: federal reserve, m1 money supply, m2 money supply

Read More
Philly Fed's Sept Manufacturing at +3.8, Halts 9 Months of Slowdown

Comments (0)

September 18 2008, 10:34 AM

Manufacturing in the region covering eastern Pennsylvania, southern New Jersey and Delaware surprisingly rebounded into growth mode in September, according to the Philadelphia Fed's Manufacturing survey on Thursday. The rebound follows nine months

Filed under: philly fed manufacturing

Read More
Leading Economic Index Declines in August

Comments (0)

September 18 2008, 10:33 AM

According to the Conference Board, the index of U.S. leading indicators deteriorated more than expected by 0.5% in August, following the previous month's 0.7% loss. Economists had expected a decline of 0.2%. Over the past six months, the leading index

Filed under: leading economic index

Read More

1 2 3 Next >

30 Yr FRM	4.83%	-0.08%
15 Yr FRM	4.32%	-0.04%
1 Yr ARM	4.35%	-0.11%
5/1 Yr ARM	4.25%	-0.04%
30 YR Tres	4.30%	0.01%
Fed Prime	3.25%	0.00%
View: Rates \| Charts Blogs: MBS Commentary \| Rate Watch

September 2008 - Fed and Economy Watch

Site Tools

Recent Video