With the U.S. stock market selling off aggressively on October 11, we now issue a RED ALERT, he writes... READ MORE›
Traders see an 82 percent chance of rate hike next month, according to federal funds futures pricing... READ MORE›
But Mr White said it would be a good start for governments to stop depending on central banks to do their dirty work... READ MORE›
But the pattern is solid, as shown in this chart by Sam Stovall, equity strategist for S&P Global Market Intelligence1... READ MORE›
Pricing in federal funds futures contracts already imply a greater than 95 percent chance of a quarter-point hike... READ MORE›
Those who have lost money in the ongoing stock market crash are especially anxious... READ MORE›
The exodus has driven up Libor rates as banks and other corporate entities compete to replace the lost funding... READ MORE›
Americans are angry because they don't care about the statistical noise -- they care about what they see with their own eyes... READ MORE›
The slump in the stock markets is destroying what remains of investor confidence, and this problem is profoundly serious, the paper said in a front-page commentary... READ MORE›
The targets for inflation and reduction in unemployment were on track, the Fed said in a statement... READ MORE›
Another problem for smaller borrowers There are almost no new banks... READ MORE›
A recent presentation by Peter Praet, the ECB's chief economist, illustrated just how badly the eurozone has performed since the financial crisis... READ MORE›
Neither monetary policy nor the financial sector is doing what it's supposed to do... READ MORE›
Federal Reserve Chair Janet Yellen signaled that the central bank wasn't about to roll over in the face of Donald Trump's surprise election victory last week... READ MORE›
According to Donald Trump Janet Yellen's decision to delay hiking interest rates is motivated by politics... READ MORE›
West Texas Intermediate oil for November delivery declined 0.2 percent to 50.35 a barrel on the New York Mercantile Exchange... READ MORE›
In general, the lower the unemployment rate, the slower the pace of job growth the economy can sustain without pushing up wages and prices too quickly... READ MORE›
Continued economic growth of at least 6.5 percent can be achieved in 2016, and a similar rate is foreseeable until 2020, he said... READ MORE›
Shares of the Shanghai composite index ended up 1.97 percent Friday, capping off the worst week for the Chinese stock market in its short 25-year history... READ MORE›
The authorities have punished 197 people for spreading rumors about the stock market and the explosion Xinhua the state-owned news service reported on Monday... READ MORE›
An opposing group argued that more slack remains for the labor market outside the official measure of unemployment... READ MORE›
And even that growth came mainly from consumer spending Business investment -- the kind of thing that means new jobs down the line -- is dropping... READ MORE›
Kansas City Fed President Esther George, Cleveland's Loretta Mester and Eric Rosengren of Boston dissented at the meeting in favor of higher rates... READ MORE›
Wall Street traders also got confirmation that Wednesday's rally had legs when stock markets in China, Japan and then Europe all rallied earlier today... READ MORE›
Morgan Stanley goes on to draw a parallel with the global response to 2008's crash and subsequent world recession... READ MORE›
Though still a fairly solid pace, it was the lowest reading since late 2008 during the global financial crisis, a similar survey showed... READ MORE›
McBride says this is particularly true for variable-rate debts that have large balances, such as adjustable-rate mortgages, student loans and home equity lines of credit... READ MORE›
However, this is a central bank has been highly attuned to how shifts in financial conditions and the global growth backdrop influence the domestic outlook... READ MORE›
Sean Fieler Interview on Ted Cruz, Gold Standard... READ MORE›
Another survey yesterday also showed investors have cut exposure to emerging markets to record low levels... READ MORE›
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