Mortgage and Financial News From 2008-6-16 Page 5
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Interest rates at weekly Treasury auction rise - San Francisco Gate
Interest rates on short-term Treasury bills rose in Monday's auction with yields on six-month bills climbing to the highest level in nearly five months. The Treasury Department auctioned $23 billion in three-month bills at a discount rate of 2.050 ...
2008-06-16 01:24:00 -
Bernanke: entitlement spending may hit rates, growth - Reuters
WASHINGTON (Reuters) - Rising spending on U.S. Social Security and Medicare programs, if unchecked, will inflate national debt and the budget defect, ultimately affecting interest rates and economic growth, Federal Reserve Chairman Ben Bernanke said ...
2008-06-16 12:48:00 -
Officials say market expects too many rate rises - Financial Times
Financial markets are in danger of getting carried away with their expectations for Federal Reserve interest rate increases, some senior Fed officials believe. They do not dispute that the next move in US interest rates is very likely to be up. But ...
2008-06-16 03:40:00 -
Sterling up; expected CPI rate impact trumps CBI - Reuters UK
LONDON, June 16 (Reuters) - Sterling strengthened against the dollar and euro on Monday, drawing support from the prospect that UK inflation figures later in the week will bolster the case for higher interest rates. May consumer price inflation on ...
2008-06-16 12:53:00 -
Policy-makers call inflation top threat - Reuters
BRUSSELS/JEJU, South Korea (Reuters) - Policy-makers around the globe declared soaring inflation a top threat on Monday, with pressure rising for central banks to raise interest rates amid protests against higher costs of living. The European ...
2008-06-16 01:46:00 -
Columnist Novak says Bernanke will not raise rates - Forbes
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke does not intend to raise interest rates because he is more worried about soaring oil prices slowing global growth than he is about their firing inflation, a column in The Washington Post ...
2008-06-16 06:36:00 -
La-Z-Boy Reports Fiscal 2008 Fourth-Quarter and Full-Year Results (PR Newswire via Yahoo! Finance)
La-Z-Boy Incorporated today reported its operating results for the fiscal fourth quarter and full year ended April 26, 2008.
2008-06-16 04:02:00 -
Brewers Mailbag (Milwaukee Journal Sentinel)
2008-06-16 04:04:48 -
Expenses for fighting inflation must be divided equally: CIEM (Vietnam Net)
VietNamNet Bridge – Nguyen Dinh Cung, Head of the Macroeconomic Policies Department under the Central Institute of Economic Management (CIEM), said that the state should keep fiscal and monetary policies in harmony.
2008-06-16 04:11:31 -
Credit ratings agencies face EU clampdown, says McCreevy (Guardian Unlimited)
Commissioner says self-regulation is insufficient and describes voluntary code of conduct as 'a toothless wonder'
2008-06-16 04:11:34 -
Economic downturn rocks foundations as housebuilding slides to lowest since 1945 (Guardian Unlimited)
Mortgage market upheaval blamed for sudden slump as Brown's target of 3m new homes by 2020 threatened
2008-06-16 04:12:28 -
Inflation fears leave Bank in a quandary (Guardian Unlimited)
City expects price pressures to trigger rise in interest rates instead of cuts
2008-06-16 04:15:59 -
Fed divided on when to raise rates (Financial Times)
Federal Reserve officials and financial market investors agree on one thing: that the US central bank will probably have to start raising interest rates again in the not too distant future. Where they disagree, however, is how soon? And how fast?
2008-06-16 04:16:35 -
Dominic Lawson: The sheer hypocrisy of this debate on oil (Independent)
Oil makes hypocrites of us all. Ban Ki-moon, the UN secretary general who last year took office declaring that his main goal was to fight "man-made climate change", has spent most of his weekend in Jeddah attempting to persuade King Abdullah of Saudi Arabia to ramp up the kingdom's oil production.
2008-06-16 04:17:37 -
PSC should kill Iberdrola deal, law judge says (Press & Sun-Bulletin)
The state Public Service Commission should reject the proposed takeover of Energy East Corp. by a big Spanish utility, an administrative law judge said Monday in a much-awaited recommendation.
2008-06-16 04:18:44