Mon, Jul 21 2008, 7:00 AM
Current Rate: 2.00% Next Rate Decision: Aug. 5 Market
Expectations: The OIS implied rate suggests markets are 16% priced in for
a 25bp hike at t...
Mon, Jul 21 2008, 7:00 AM
According to economists and strategists, the U.S. housing
market is going to be the top news in the U.S. Along with new
and existing home sales, t...
Mon, Jul 21 2008, 7:00 AM
Speaking in multiple interviews over the weekend, U.S. Treasury
Secretary Henry Paulson continued to push for his plan to provide an
unlimited line...
Mon, Jul 21 2008, 7:00 AM
According to Scotiabank's Global Outlook released
Monday, sharp monetary policy easing, a generous fiscal stimulus package
and massive liquidity i...
Mon, Jul 21 2008, 7:00 AM
The Wall Street Journal reported Monday morning that the Federal
Deposit Insurance Corporation ( FDIC ,) rather than being
part of the solution to t...
Fri, Jul 18 2008, 7:00 AM
Two Wall Street giants and their investors are betting that one of the
Streets most baffling rules of thumb will prevail as the stock market
prepare...
Fri, Jul 18 2008, 7:00 AM
Speaking in an interview with Bloomberg on Friday, Minneapolis Federal
Reserve President Gary Stern (voter) said that the Federal Reserve
can't wai...
Thu, Jul 17 2008, 7:00 AM
International securities transactions and the Bank of Canada's
monetary policy report highlight today's Canadian economic releases as
U.S. markets r...
Thu, Jul 17 2008, 7:00 AM
Delivering comments at the FDIC's Minority Depository Institutions
National Conference in Chicago, Fed Governor Randall Kroszner said the
Fed's new...
Thu, Jul 17 2008, 7:00 AM
Initial claims for unemployment benefits in the
United States rose much less than expected to 366k in the week ending
July 12, following a slightly...
Thu, Jul 17 2008, 7:00 AM
Due to a change in the housing code of New York City ,
U.S. housing starts came in above expectations at 1066k in June, a month-
over-month rise of ...
Wed, Jul 16 2008, 7:00 AM
Fed fund futures showed a slightly heightened risk of a rate
hike in 2008 by the Federal Reserve, following a higher-than-
expected CPI print for J...
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...
