Fed on Track to Hike Rates in December
The U.S. Federal Reserve (The Fed) appears firmly on track for a December hike after leaving the federal funds rate unchanged today at ¼ to ½ percent.
Today’s Federal Reserve’s Open Market […]
With share prices having recovered from the subprime-related slump
With share prices having recovered from the subprime-related slump and in many cases making new highs, there are doubts as to whether the major central banks still have an incentive to drop rates. However, valid reasons remain for the G7 central banks in general and the Fed in particular to deliver more rate cuts:
- Inflation is […]
The subprime tsunami has swallowed sixty-seven (67) US mortgage lenders
Shutdown, bankrupt or no longer operating independently, the subprime tsunami has swallowed sixty-seven (67) US mortgage lenders since late 2006. The tempest has hit home builders too; Toll-Brothers, Lennar, and Shea are stepping up promotions and discounts in the face of lower sales and a high numbers of customers walking away from their commitments. Banks […]