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Investors and consumers are still reeling from the recession, but the nation’s big banks are posting huge, unexpected profits.
On Thursday, JPMorgan Chase announced a $2.7 billion...
On Thursday Treasury bonds experienced a massive selloff, with the yield on the 10-year bond rising to its highest level since last November.
Article suggests this is a sign of things to come:...
Federal Reserve Chief Ben Bernanke appeared on 60 Minutes and said he believed the recession would end later in 2009. He also said he believed that rates would have to rise to forestall inflation.
Fed officials will review the somewhat anecdotal information at their policy meeting on interest rates next week. It is almost certain an interest cut will occur, the only question is whether it...
Over the last two weeks, the Fed has set up programs to purchase mortgage backed assets, student loans, credit card loans, and more to help restart lending. But it might not make a difference...
Federal Reserve Chairman Ben Bernanke said Wednesday he does not believe the United States will experience the out-of-control prices seen with 1970s oil shocks.
Bernanke’s remarks come just...
Stronger than expected GDP figures as well as continued inflation readings have led the market to believe that the Fed will begin raising rates in October. Based on the Federal Funds predictor...
Timothy F. Geithner, president of the Federal Reserve Bank of New York, is Wall Street's banker of last resort - In more ways than one. Geithner is playing an increasingly critical role in setting...
In a move co-ordinated with three European central banks and the Bank of Canada, the Federal Reserve expanded its securities lending to enable bond dealers to brrow upto $200 billion of treasurys...
The benefit of using rate cuts to stem the rot vs. extended rate cuts heralding stagflation.... What we end up with is that the FED's rate cuts devalue the dollar and fuel inflation, with virtually...
The Fed today decided to cut the Federal Funds rate and the Discount rate by .25%. This is less than what many on the Street hoped and wanted but the Fed understands that inflation pressure is...