Friday, May 24, 2013
As we approach the summer, unemployment is falling, stocks are rising and housing is looking better than ever. Yet in the past few years, the economy has looked better at the start of the year, only to take a turn for the worse. Will the same happen in 2013?
Wednesday, July 11, 2012
By Ilya Marritz
Officials in one of New York's wealthiest and most populous suburban counties say they are preparing to sue major banks for manipulating a key interest rate, which allegedly cost the county millions of dollars.
Wednesday, July 04, 2012
The Royal Bank of Scotland has become the latest bank to get hit with a fine for their role in an interest rate rigging scandal. William Cohan, a former employee at JP Morgan, says this sort of rate fixing undermines the public's faith in capitalism.
Monday, September 19, 2011
This week, Ben Bernanke and the Federal Reserve will hold a rare two-day meeting to decide on interest rates, which are currently close to zero. Meanwhile, President Obama will release details of his deficit reduction plan this morning, and one key component is taxing the wealthy, which has many Republicans screaming "class warfare." The Clinton Global Initiative annual meeting begins tomorrow, and the primary topic of discussion will be jobs, as unemployment and poverty prove to be an ever-increasing global problem. Later in the week, the Palestinian Authority will ask the United Nations Security Council for full membership, which the U.S. has already said they will veto.
Tuesday, August 16, 2011
The Federal Reserve has pledged to keep interest rates low for the foreseeable future. Does it change your behavior? Daniel Gross, columnist and economics editor at Yahoo! Finance, discusses the possible effects of this decision on the financial habits of individuals.
Wednesday, August 10, 2011
In the wake of Standard and Poor's decision to downgrade the U.S. credit rating, and an economy still struggling to keep its head above water, the Federal Reserve decided yesterday to keep the nation's interest rate close to zero through 2013. The rate has been static for the past two years. The response on Wall Street seemed mixed. At first stocks took a bit of a dive, but they recovered. The Dow closed up 429 points yesterday after a late rally.
Tuesday, August 09, 2011
The United States Federal Reserve's policy board announced today it will extend its period of extremely low interest rates through 2013 if not longer.
But don't expect that to solve the nation's financial woes.
A macroeconomic look at the U.S. economic slump makes it clear that the Fed is limited in what tools they have to fix the economy, and they have already used most of the tools at their disposal, without much success.
Tuesday, July 26, 2011
— Beth Kobliner, financial journalist, author of Get a Financial Life: Personal Finance in Your Twenties and Thirties, and member of the President’s Advisory Council on Financial Capability, on The Brian Lehrer Show.
Monday, June 20, 2011
All the jawing and insult throwing has ceased for the time being as negotiations heat up on Capitol Hill over the debt ceiling. Vice President Joe Biden said there are four meetings scheduled, and "now we're getting down to the really hard stuff." Todd Zwillich, The Takeaway's Washington Correspondent, says Congress would love to get an agreement by the 4th of July—way ahead of the deadline in August.
As Washington tries to get the debt ceiling squared away, the Federal Reserve will meet on Wednesday to discuss interest rates. Housing numbers have been consistently awful for some time now, with no sense of relief in sight. Charlie Herman, economics editor for The Takeaway and WNYC, looks at what we can expect from Wednesday's meeting, and whether or not it's likely that the Fed will decide to leave interest rates close to zero.
Wednesday, April 13, 2011
David Min, associate director for financial markets policy at the Center for American Progress, and Michael Lea, director of the Corky McMillin Center for Real Estate College of Business Administration San Diego State University and the former chief economist at Freddie Mac, debate whether the 30-year fixed rate mortgage should be preserved or become a thing of the past.