Mon, Aug 4 2008, 7:00 AM
The Federal Open Market Committee (FOMC) is once
again expected to leave rates where they are as it continues to assess
the extent of recent signs...
Fri, Aug 1 2008, 7:00 AM
The U.S. Employment Report for July's nonfarm payrolls was a
"marginal surprise" and weakness in the labour market
could keep the Fed on hold for ...
Fri, Aug 1 2008, 7:00 AM
The Housing Assistance Act of 2008 , finally passed by
both houses of Congress and signed into law by President Bush this week,
contains some not-to...
Fri, Aug 1 2008, 7:00 AM
U.S. nonfarm payrolls declined for the seventh
straight month, falling less than expectations by a total of 51k jobs in
July, according to the Bur...
Thu, Jul 31 2008, 7:00 AM
The advance U.S. GDP report came in lower than
expected for the second quarter of 2008, rising by 1.9% against
expectations of 2.3% growth, accord...
Thu, Jul 31 2008, 7:00 AM
Speaking before the Exchequer Club of Washington, U.S. Treasury
Secretary Henry Paulson said the stimulus package has
supported the economy in the...
Thu, Jul 31 2008, 7:00 AM
Zimbabwe is the latest example of what happens when inflation spirals
out of control to the point of hyperinflation. With the highest rate of
inflat...
Thu, Jul 31 2008, 7:00 AM
In an interview on CNBC, Former Federal Chairman Alan
Greenspan warned that if the Federal Reserve is given a role to
oversee the financial system...
Thu, Jul 31 2008, 7:00 AM
The ISM-Chicago business barometer bounced into
growth mode in July following five months of slowdown. The growth was led
by advances in productio...
Thu, Jul 31 2008, 7:00 AM
Economists say the reported 1.9% GDP growth for the second quarter of
2008 was boosted by a 1.5% increase in consumption and a 2.4% gain in net
expo...
Thu, Jul 31 2008, 7:00 AM
Freddie Mac today told mortgage servicers it was
doubling the amount of money it pays for each workout
that keeps a delinquent borrower with a Fr...
Wed, Jul 30 2008, 7:00 AM
Headline inflation in the United States could be
headed as high as 6% before the end of the year, CIBC chief economist
Jeff Rubin warns in a foreca...
Wed, Jul 30 2008, 7:00 AM
The consensus forecast expects U.S. GDP growth to
come in quite a bit better than the two previous quarters, as exports
have surged on the weak do...
Wed, Jul 30 2008, 7:00 AM
On Tuesday evening, the Securities and Exchange Commission
extended its emergency rule limiting short selling of
Fannie Mae, Freddie Mac and 17 br...
Wed, Jul 30 2008, 7:00 AM
Mortgage service providers have staved off the foreclosure of
1.9 million homes in the past year in what has been the
largest bailout the housing ...
Wed, Jul 30 2008, 7:00 AM
Whatever else is going on in the housing market, it appears that
Americans are no longer using their homes as gigantic credit
cards to finance new...
Wed, Jul 30 2008, 7:00 AM
Following the release of the ADP private employment
report on Wednesday, which posted a gain of 9k jobs in July,
economists dismissed the figures ...
Wed, Jul 30 2008, 7:00 AM
In addition to the $75 billion 28-day Term Auction Facility (TAF), the
Fed will also be conducting a $25 billion 84-day TAF to address the
ongoing ...
Wed, Jul 30 2008, 7:00 AM
The ADP employment report will be the most closely looked at economic
event of the day ahead of Friday's U.S. nonfarm payrolls. In Canada,
markets w...
Wed, Jul 30 2008, 7:00 AM
Weekly mortgage applications declined in the week
ending July 25, according to data released from the Mortgage Bankers'
Association (MBA) on Wednes...
Wed, Jul 30 2008, 7:00 AM
Fixed-rate mortgages (FRMs) hit the highest levels of
2008 during the week ended July 24 according to Freddie Mac's
Primary Mortgage Market Survey...
Tue, Jul 29 2008, 7:00 AM
Is it possible that some of the collapses and near misses in the
financial markets over the last six months will ultimately be tied to a
few sick an...
Tue, Jul 29 2008, 7:00 AM
The S&P Case-Shiller U.S. home price index continued
to deteriorate in May as the 20-city composite index posted a record
annual decline of 15.8%....
Tue, Jul 29 2008, 7:00 AM
The Conference Board's consumer confidence index for
July improved to 51.9 in Tuesday's report, against expectations
of a slight decline to 50.0. ...
Tue, Jul 29 2008, 7:00 AM
Consumer confidence for July and the S&P/Case-
Shiller's home price index for May will be the main focus of
Tuesday's economic events with no majo...
Mon, Jul 28 2008, 7:00 AM
The U.S. government plans to issue more debt in the
current quarter than any time in history , the Department
of Treasury said on Monday.
Mon, Jul 28 2008, 7:00 AM
The White House revised its 2008 budget deficit
forecast to $389 billion from $410 billion earlier in February
and its 2009 forecast to $482 billi...
Mon, Jul 28 2008, 7:00 AM
Treasury Secretary Henry Paulson said Monday that
covered bonds are an answer to financial market's request for clarity. He
said covered bonds, a ...
Mon, Jul 28 2008, 7:00 AM
In an interview with the Financial Times over the weekend, Minneapolis
Fed President Gary Stern (voter) said the credit
crunch in the U.S. would...
Mon, Jul 28 2008, 7:00 AM
In a rare weekend meeting, the U.S. Senate passed the housing
bill by 72-13 votes. The legislation now awaits the signature of
U.S. President Geor...
Mon, Jul 28 2008, 7:00 AM
The U.S. dollar was mixed on a quiet day on Monday,
making gains solely against the underperforming Canadian dollar and
British pound.
"The...
Mon, Jul 28 2008, 7:00 AM
Credit risk remains elevated and appetite for risk remains subdued,
though the systemic risk to financial markets is not as elevated as it
was in th...
Fri, Jul 25 2008, 7:00 AM
In May, the New Home Sales Index fell 2.5% to its
second-lowest pace in 17 years, and economists expect another decline in
the June report to be r...
Fri, Jul 25 2008, 7:00 AM
New home sales fell for the seventh of the past eight
months in June, falling by 0.6% to an annual pace of 530k sales. This
rate is much higher tha...
Fri, Jul 25 2008, 7:00 AM
The final consumer sentiment survey from Reuters and
the University of Michigan received a large upward revision from
preliminary estimates in Jul...
Fri, Jul 25 2008, 7:00 AM
Friday's highlights include the release of U.S. durable goods and
new home sales for June along with a final look at
consumer sentiment for the Un...
Fri, Jul 25 2008, 7:00 AM
U.S. new home sales fell marginally in June but the pace was much
higher than expected due to +50k of revisions over the past three months.
Economi...
Fri, Jul 25 2008, 7:00 AM
U.S. home foreclosures soared by 121% in second-
quarter year-over-year results, according to a report issued by
RealtyTrac.
There were 739,714 ...
Thu, Jul 24 2008, 7:00 AM
Initial claims for unemployment benefits in the
United States soared to 406k in the week ending July 19, the highest
level since March, according ...
Thu, Jul 24 2008, 7:00 AM
The U.S National homeowner housing vacancy rate
slipped to 2.8% in the second quarter, a 0.1% decline from the previous
quarter's 2.9% rate, accor...
Thu, Jul 24 2008, 7:00 AM
New York Attorney General Andrew Cuomo said he is
suing UBS AG for misleading investors into buying auction-rate securities
just five months befor...
Thu, Jul 24 2008, 7:00 AM
The Miami Herald's investigative team reported on Sunday that the
state has approved over 10,000 mortgage broker licenses for
convicted felons sin...
Thu, Jul 24 2008, 7:00 AM
U.S. jobless claims and existing home
sales will dominate the scheduled events of the day, along with
testimony from New York Fed President Timo...
Thu, Jul 24 2008, 7:00 AM
U.S. existing home sales fell 2.6% to 4.86 million
units in June following May's unrevised sales figure of 4.99 million.
This is the fourth month ...
Thu, Jul 24 2008, 7:00 AM
"The U.S. housing market continues to be very weak, and with the
inventory of unsold homes continuing to rise we are
unlikely to see any meaningfu...
Thu, Jul 24 2008, 7:00 AM
Testifying before the House Financial Services Committee, SEC
Chairman Christopher Cox said he needs more
authority to have mandatory supervisio...
Thu, Jul 24 2008, 7:00 AM
After the U.S. House of Representatives passed a housing
bill including provisions for the creation of a new GSE
regulator and a liquidity backsto...
Thu, Jul 24 2008, 7:00 AM
"The U.S. and global financial systems are going through a very
challenging period of adjustment. The critical imperative today is to
help facilitat...
Wed, Jul 23 2008, 7:00 AM
Weekly mortgage applications in the United States
declined in the week ending July 18, according to data released from the
Mortgage Bankers' Assoc...
Wed, Jul 23 2008, 7:00 AM
Economists largely agree that the Beige Book document
to be released Wednesday by the Federal Reserve won't receive extended
attention from market...
