Mortgage and Financial News From 2008-1-18 Page 29

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  • UPDATE 2-Mexico holds key rate steady, fears US recession

    Reuters - MEXICO CITY, Jan 18 (Reuters) - Mexico's central bank held its key overnight interest rate steady at 7.50 percent on Friday, but warned that a looming U.S. recession could hurt Mexico's economy. Mexico sends more than 80 percent of its exports to the ...
    2008-01-18 11:19:00
  • US RATE FUTURES-Jump as White House plan hits stocks

    Reuters - CHICAGO, Jan 18 (Reuters) - U.S. short-term interest rate rallied sharply on Friday after news of a fiscal stimulus package from the White House failed to cheer the U.S. stock market, which reversed strong early gains. Futures fully price a 50 basis ...
    2008-01-18 12:16:00
  • Fed's Lacker says further rate cuts quite possible

    CNBC - RICHMOND, Virginia - Weaker U.S. growth means more interest rate cuts are "quite possible" but policy-makers cannot ignore inflation, a top Federal Reserve official said on Friday, reinforcing hopes of another easing later this month. "A slowing ...
    2008-01-18 12:23:00
  • Mexico's Central Bank Keeps Benchmark Rate Unchanged (Update2)

    Bloomberg - Jan. 18 (Bloomberg) -- Mexico's central bank kept its benchmark interest rate unchanged as the prospect of a slowing U.S. economy outweighed concerns about quickening energy and food prices. The five-member board voted to keep the overnight lending ...
    2008-01-18 01:42:00
  • GE Profit Rises on Overseas Turbine, Engine Sales (Update8) - Bloomberg

    GE Profit Rises on Overseas Turbine, Engine Sales (Update8)Bloomberg - 22 minutes agoThat helped lower the tax rate in the finance businesses, helping profit by about 2.5 cents a share, Sherin said. The consolidated rate of 16 percent for ...
    2008-01-18 01:37:21
  • A sector hit by a double whammy - Times Online

    A sector hit by a double whammyTimes Online, UK - 22 minutes agoBut in the second half of 2007, the property market was hit by the double whammy of interest rate rises and the credit crunch. The higher cost of borrowing ...
    2008-01-18 01:37:30
  • Our Eroding Dollar - The Nation.

    Our Eroding DollarThe Nation., NY - 21 minutes agoOne of the major reasons for persistent inflation is the Federal Reserve Board's dedication to low interest rates. Low interest rates are achieved by making ...
    2008-01-18 01:38:55
  • Friday’s News Recap: Few Details on Fiscal Aid; US Confidence ... - CEP News

    Friday’s News Recap: Few Details on Fiscal Aid; US Confidence ...CEP News, Canada - 21 minutes agoCarl Lantz, an interest rate strategist at Credit Suisse First Boston, told CEP News, "The problem is that he didn't give any details, he was vague. ...
    2008-01-18 01:39:04
  • Canadian dollar ends down for third straight week - Guardian Unlimited

    Canadian dollar ends down for third straight weekGuardian Unlimited, UK - 20 minutes agoAlso weighing on the Canadian dollar are widespread market expectations for the Bank of Canada to cut its key interest rate by a quarter of a percentage ...
    2008-01-18 01:39:43
  • Stocks End Rough Week With Modest Drop - The Associated Press

    Stocks End Rough Week With Modest DropThe Associated Press - 19 minutes ago... which means a likely big interest rate cut later this month — to help support an economy pummeled by devastation in the housing and credit markets. ...
    2008-01-18 01:40:51
  • McCain: Spending Is Out of Control - The Associated Press

    McCain: Spending Is Out of ControlThe Associated Press - 19 minutes agoThompson said Bush's $150 billion proposal with rebates could work along with a half percentage point interest rate reduction. Interest rate reduction is ...
    2008-01-18 01:40:53
  • Reviving Keynes Won't Revive the Economy - PR Newswire (press release)

    Reviving Keynes Won't Revive the EconomyPR Newswire (press release), NY - 19 minutes ago... income tax rate, reduce the tax rate on capital gains, and index gains for inflation; and -- Avoiding artificially lowering short-term interest rates. ...
    2008-01-18 01:41:02
  • Bush and Bernanke back package to stimulate weakening economy - Amador Ledger-Dispatch

    Bush and Bernanke back package to stimulate weakening economyAmador Ledger-Dispatch, CA - 18 minutes agoIn his testimony, Bernanke again pledged to aggressively slash a key interest rate as needed to bolster an economy that is weakening under the strains of a ...
    2008-01-18 01:41:58
  • Domestic Issues Trump Foreign Policy in Iran - Washington Institute for Near East Policy

    Domestic Issues Trump Foreign Policy in IranWashington Institute for Near East Policy, DC - 17 minutes agoThe government claims the current rate is 19 percent, but most economists suspect it is even higher. The president's recently proposed budget for the new ...
    2008-01-18 01:42:23
  • WRAPUP 2-US consumer sentiment up, recession talk prevails - Reuters

    WRAPUP 2-US consumer sentiment up, recession talk prevailsReuters - 10 minutes agoStill, the promise of fiscal measures and interest rate cuts could counter some of the gloom created by recent stock market losses, countered Cary Leahey, ...
    2008-01-18 01:49:22