federal reserve
Fed auctions $75 billion to ease credit stresses
Posted June 3rd, 2008 by California Home LoanWASHINGTON -- The Federal Reserve has auctioned another $75 billion in loans to squeezed banks to help them overcome credit problems.
Banks step up Fed loans, investment firms scale back
Posted May 29th, 2008 by California Home LoanWASHINGTON -- The Federal Reserve's emergency loans to banks climbed to the highest level on record even as Wall Street investment companies scaled back their borrowing.
Rates on 30-year mortgages jump to 11-week high
Posted May 29th, 2008 by California Home LoanWASHINGTON -- Rates on 30-year mortgages jumped this week to the highest level since mid-March as investors began to worry about what the Federal Reserve will do to combat growing inflation pressures.
Yellen vows Fed will prevent inflation spiral
Posted May 27th, 2008 by California Home LoanSAN FRANCISCO (Reuters) - The Federal Reserve is intent on not letting inflation spiral out of control, even as the economy teeters on the brink of recession, a top Fed policy-maker said on Tuesday, indicating that more interest rate cuts are not in the offing.
Supervision, market discipline balance needed: Geithner
Posted May 26th, 2008 by California Home LoanNo more Fedspeak on further interest rate cuts
Posted May 25th, 2008 by California Home LoanWASHINGTON -- Sounding a gong couldn't have made it clearer. Federal Reserve officials are putting out the word that further interest rate cuts are unlikely.
Investment companies reduce emergency Fed loans
Posted May 22nd, 2008 by California Home LoanWASHINGTON -- Wall Street investment companies are reducing their borrowing from the Federal Reserve's emergency lending program.
When economy revives, how will we know?
Posted May 22nd, 2008 by California Home LoanWASHINGTON -- With any luck, the second half of this year will be better than the so-far rocky first half. The Federal Reserve chief hopes that is the case. So does President Bush.
Stagflation fears send stocks sharply lower
Posted May 21st, 2008 by California Home LoanNEW YORK (Reuters) - Stocks tumbled on Wednesday, posting their biggest losses in two weeks, amid fears the U.S. economy faces 1980s-style stagflation after the Federal Reserve slashed its economic growth forecasts while raising estimates for inflation.
Fed auctions $75b to ease credit stresses
Posted May 20th, 2008 by California Home LoanWASHINGTON -- Working to relieve stressed credit markets, the Federal Reserve has auctioned another $75 billion in loans to squeezed banks, bringing the total to $510 billion since December.