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Update: Fed official calls for summer rate hike
Deficit hawk Tom Hoenig says the time to raise short-term interest rates is now. Hoenig (right), president of the Federal Reserve Bank of Kansas City, said in a speech Thursday that the Fed should be...
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Fed official swears off 'shock and awe'
Don't expect any fireworks from the Fed, a top central bank official said Thursday. James Bullard (right), the president of the Federal Reserve Bank of St. Louis and a voting member this year of the...
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Australia raises interest rates
All eyes may be on the Fed, but not all central bankers are on the same page. The Reserve Bank of Australia raised its key interest rate, known as the cash rate, to 4.75% from 4.5% on Tuesday, warning...
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How the bond rout shows Bernanke is right
Falling bond prices aren't mocking Ben Bernanke. They are embracing him. Bonds have sold off steadily over the past two months, taking the yield on the 10-year Treasury note to its highest levels since...
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Housing fixes could hit house prices
Mending the broken U.S. housing finance system won't be painless. Costs on some mortgages will rise this fall as part of the Obama administration's proposal to reform housing finance, including the...
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Don't sweat rising mortgage rates
Will rising interest rates slam the door on a fragile housing recovery? No -- though that only underscores just how grim the housing picture is. The rate on the 30-year conforming mortgage has risen to...
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Fool's silver?
The price of the poor man's gold has doubled over the past year, putting it at a 30-year high. How long can it keep going? The rally puts silver up 21% this year at a recent $37 and change — a level it...
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Why the Fed isn't going hiking this year
Don't get carried away by Friday's upbeat jobs report. The recovery has hit a "soft patch," Goldman Sachs economists said in cutting their first-quarter gross domestic product growth forecast to 2.5%...
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Euro traders ignore warning signs
Europe may be lurching toward another crisis, but you'd never know to look at the foreign exchange markets. The euro held firm against the dollar Thursday after an eventful 24 hours on the Continent....
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Prepare for a Fed hike -- in 2018
Will the Fed ever raise rates again? At first the question seems far-fetched. Criticizing the Federal Reserve's zero-interest-rate policy is the new national pastime, thanks to a surge in commodity...
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Why your credit card rates could be going up soon
If you’ve got an American Express card, you may see an uptick on your bill pretty soon. The credit card company is raising rates on more than 1 million cards, Bloomberg reports. Annual rates for some...
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Go, dollar, go! 5 places where a vacation may now be more attractive
The dollar is on its biggest tear in decades as the economy finally leaves the Great Recession behind it. Money is flooding into the greenback in anticipation of the Federal Reserve’s first interest...
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Fed says the economy is strong enough to handle rate hike
The U.S. economy is growing moderately after a winter swoon and likely strong enough to support an interest rate increase by the end of the year, U.S. Federal Reserve officials indicated on Wednesday....
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CNN boosts ad rates for debate — Trump claims credit
CNN is jacking up its rates for advertising slots during the GOP debate that will air on the network September 16, according to Advertising Age. Donald Trump sent out a tweet on Saturday crediting...
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Has the Fed lost control of the economy?
Thursday’s meeting of the Federal Open Market Committee (FOMC), the body within the Federal Reserve that sets monetary policy, is the most anticipated in at least seven years. For months now, Fed...
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Janet Yellen: The Fed chair who cried wolf?
The Fed’s September meeting has come and gone, and interest rates remain at zero. The reasoning behind the Fed’s decision is sound. With emerging market economies in various states of disarray, global...
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Trump: Zero interest rates are Yellen’s political gift to Obama
Donald Trump has been an outspoken critic of the Federal Reserve for years now. When the Fed announced its third round of quantitative easing back in 2012, he accused the central bank of “creating...
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Your Time Warner Cable Bill is Going Up
Time Warner Cable customers will start to see their bills go up in mid-January, the company has confirmed. Broadcast TV fees, which offset the cable provider’s costs to access local affiliate channels,...
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‘A La Carte’ TV Is Slowly Making Inroads
Americans hoping to pick and choose the television programming they want may need to wait a bit longer. In international markets, several studios and television producers are providing a wide range of...
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