Wed, Jul 16 2008, 7:00 AM
The minutes of the Federal Open Market Committee's
(FOMC) June 24-25 meeting show that FOMC Board Members agreed upside
risks to inflation had inc...
Wed, Jul 16 2008, 7:00 AM
According to Freddie Mac's Primary Mortgage Market Survey for the week
ending July 10, there was little change in either short or long term
mortgag...
Wed, Jul 16 2008, 7:00 AM
A report from Wells Fargo and the National Association of Home
Builders (NAHB) suggests that homebuilders were even more
pessimistic in July as th...
Wed, Jul 16 2008, 7:00 AM
Following a lower-than-expected level of housing starts and
permits in the May report, plus a major downward revision in the
month before, economi...
Wed, Jul 16 2008, 7:00 AM
The seasonally adjusted U.S. Consumer Price Index
rose more than expected on both fronts, as the core rate ticked up 0.3%
(0.323%) in June, contri...
Wed, Jul 16 2008, 7:00 AM
Another action-packed day follows Tuesday's
excitement as Fed Chairman Ben Bernanke delivers the second of his two-
day annual testimony, this time...
Tue, Jul 15 2008, 7:00 AM
The Bank of Canada's rate decision and semi-annual testimony from Fed
Chairman Ben Bernanke are the main events of what is
looking to be an action...
Tue, Jul 15 2008, 7:00 AM
The U.S. Labor Department's seasonally-adjusted core measure
of producer price inflation grew at 0.2% month-over-month in
June, the same pace as t...
Tue, Jul 15 2008, 7:00 AM
Economists say the main story in June's producer price index is that
core prices, which exclude food and energy, remain contained
despite soaring c...
Tue, Jul 15 2008, 7:00 AM
Appearing before the Senate Banking Committee at the
semiannual Humphrey-Hawkins testimony on Tuesday,
Federal Reserve Chairman Ben Bernanke said ...
Tue, Jul 15 2008, 7:00 AM
In a press conference on Tuesday, U.S. President George W.
Bush thanked members of Congress for its positive response to
the housing bill but ur...
Tue, Jul 15 2008, 7:00 AM
Speaking to the Senate Banking Committee as part of the Humphrey-
Hawkins testimony, Treasury Secretary Henry Paulson said
government-sponsored ent...
Tue, Jul 15 2008, 7:00 AM
A hawkish testimony and mostly unchanged rhetoric are expected from
Fed Chairman Ben Bernanke on Tuesday, as the head of the
U.S. central bank del...
Tue, Jul 15 2008, 7:00 AM
In a question and answer session with the Senate Banking Committee at
the Humphrey-Hawkins testimony, Federal Reserve Chairman Ben Bernanke
said th...
Mon, Jul 14 2008, 7:00 AM
Speaking at the Federal Reserve open meeting on mortgage
rules , Federal Reserve Chairman Ben Bernanke said the new rules
will be aimed at protecti...
Mon, Jul 14 2008, 7:00 AM
The U.S. government flew to the rescue of GSEs Fannie Mae and
Freddie Mac over the weekend with Treasury Secretary Henry
Paulson announcing that t...
Mon, Jul 14 2008, 7:00 AM
Brian Bethune, chief U.S. financial economist at Global Insight,
said " Bold, creative, aggressive policy action is needed
for the GSEs to survive ...
Mon, Jul 14 2008, 7:00 AM
According to strategists and economists, markets will be looking for
some direction next week with the release of major economic reports. In
the U.S...
Mon, Jul 14 2008, 7:00 AM
Federal regulators and Bush Administration officials spent the weekend
reassuring bank depositors nationwide that their
deposits are secure and, a...
Mon, Jul 14 2008, 7:00 AM
A hawkish testimony and mostly unchanged rhetoric are
expected from Fed Chairman Ben Bernanke on Tuesday, as the head of the
U.S. central bank del...
Fri, Jul 11 2008, 7:00 AM
The Canadian employment report kicks off Friday's events followed by
the release of the new housing price index and international securities
transac...
Fri, Jul 11 2008, 7:00 AM
For the third day this week the stocks of Freddie Mac
and Fannie Mae took a hammerin' on Wall Street and for
the second day major newspapers are...
Fri, Jul 11 2008, 7:00 AM
The preliminary consumer sentiment survey from
Reuters and the University of Michigan rebounded for the first time since
January, reaching a score...
Fri, Jul 11 2008, 7:00 AM
The U.S. monthly trade deficit unexpectedly shrank in
May to -$59.8 billion, with April's deficit figure downwardly revised to -
$60.5 billion from...
Fri, Jul 11 2008, 7:00 AM
Releasing a statement on Friday, U.S. Treasury Secretary Henry Paulson
said that the focus was to back Fannie Mae and Freddie Mac "in their
current ...
Thu, Jul 10 2008, 7:00 AM
Testifying before the House Committee on Financial Service, Federal
Reserve Chairman Ben Bernanke called for the consolidated
supervision of invest...
Thu, Jul 10 2008, 7:00 AM
According to Realtytrac's most recent survey,
foreclosures in the United States are down 3.0% in June
compared to the previous month's levels, but...
Thu, Jul 10 2008, 7:00 AM
The U.S. officials may need to bail out the two government-sponsored
enterprises responsible for insuring mortgages, a former Federal Reserve
presid...
Thu, Jul 10 2008, 7:00 AM
Testifying before the House Committee on Financial Services, Treasury
Secretary Henry Paulson said financial firms must be allowed to
fail .
"I...
Thu, Jul 10 2008, 7:00 AM
Financial news outlet CNBC was reporting early Thursday that
Freddie Mac and Fannie Mae , the two
corporations around which much of housing recov...
Thu, Jul 10 2008, 7:00 AM
Initial claims for unemployment benefits in the
United States fell to 346k in the week ending July 5, following an
unrevised 404k in the previous w...
Thu, Jul 10 2008, 7:00 AM
The release of U.S. jobless claims and comments from Fed's Yellen (non-
voter) will top the North American data releases. Markets will also be
paying...
Wed, Jul 9 2008, 7:00 AM
Weekly mortgage applications in the United States
moved higher in the week ending July 4, according to data released from
the Mortgage Bankers' As...
Wed, Jul 9 2008, 7:00 AM
Following a recent string of soft data, Fed fund futures traders
walked a fine line on Wednesday between preaching long-term patience on
the part of...
Wed, Jul 9 2008, 7:00 AM
Mortgage interest rates dropped slightly during the
week ended July 3 according to results of the Primary Mortgage Market
Survey released by Freddi...
Wed, Jul 9 2008, 7:00 AM
After announcing on Monday that it would shutter its mortgage lending
operations but continue business as a retail bank,
IndyMac was hit on Tuesda...
Wed, Jul 9 2008, 7:00 AM
Elevated food prices are caused by increased global demand that shows
no signs of letting up, and monetary policy should stop excluding
food prices...
Wed, Jul 9 2008, 7:00 AM
U.S. crude oil inventories will top the U.S. economic
data releases of the day along with Canadian building permits for June.
In Europe, markets w...
Tue, Jul 8 2008, 7:00 AM
Inflation has become the number one concern among
small business owners , according to the National
Federation of Independent Business Index of Sm...
Tue, Jul 8 2008, 7:00 AM
U.S. pending home sales resumed their decline in May,
falling 4.7% in the month after an upwardly revised 7.1% bounce in April,
according to the N...
Tue, Jul 8 2008, 7:00 AM
IndyMac has announced that, effective yesterday, it
is closing both its wholesale and retail production channel and will no
longer accept any new m...
Tue, Jul 8 2008, 7:00 AM
Federal Reserve Chairman en Bernanke said the Federal Reserve may
extend Wall Street's access to lending until 2009 .
Speaking at the FDIC's for...
Tue, Jul 8 2008, 7:00 AM
The 4.7% decline in U.S. pending home sales in May shows that the
previous month's gain was not a true sign of
stabilization , economists said afte...
Tue, Jul 8 2008, 7:00 AM
Richmond Fed President Jeffrey Lacker (non-voter)
said economic growth should pick up next year and that withdrawing the
fiscal stimulus as growth...
Tue, Jul 8 2008, 7:00 AM
Shares of Freddie Mac and Fannie Mae
were looking a little better in early trading on Tuesday after investors
fled the two government sponsored ...
Tue, Jul 8 2008, 7:00 AM
U.S. wholesale inventories rose 0.8% month-over-month
in May, marginally above expectations for a 0.7% advance, while the
previous month's figure ...
Tue, Jul 8 2008, 7:00 AM
U.S. Treasury Secretary Henry Paulson said he is
pleased Freddie Mac and Fannie Mae are committed to raising more
capital this spring, calling r...
Mon, Jul 7 2008, 7:00 AM
With the second half of the year just beginning, economists are
questioning if the worst of the U.S. downturn is already over, or whether
uncertaint...
Mon, Jul 7 2008, 7:00 AM
The Securities and Exchange Commission and the
Federal Reserve agreed on an information-sharing pact on
Monday, which aims to better detect pote...
Mon, Jul 7 2008, 7:00 AM
This week will begin with a number of Federal Reserve
speakers and see the release of housing data in both Canada and
the U.S. on Wednesday. The...
