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IBD'S TOP 10.(A)
Chicago, Retail Data Trip Stocks
1The Chicago purchasing and new orders indexes missed views, shoving markets down over 3% early. A brief rally cut losses to 2.3% for the Nasdaq and 1.4% for the Dow. Volume rose. Wal-Mart and department stores warned of weak sales. Ten-year Treasury yields fell to 40-year lows, boosting bonds. More on this page, A15, B2
Factories Turn Down In Midwest
2Chicago-area factory activity slipped in Sept. for the first time since Feb., a sign the sector may be headed toward a double-dip recession. Chicago's purchasing managers' index fell to a surprising 48.1 from 54.9 in Aug. Over 50 signals growth, under it, contraction. The production index also fell -- by 4.3 to 52.8. More on this page
Bonds Hint Cut; Fed Is Still Iffy
3The two year T-note, at 1.68%, undercut the fed funds rate, a sign traders expect a rate cut soon. N.Y. Fed President William McDonough said it's likely the economy "will do just fine," but added "we know what to do" if growth doesn't pick up. Dallas Fed President Robert McTeer, who voted for a rate cut, noted, "Demand is weak, growth is below potential." More on this page, A15
Retailers Cut Sept. Sales Views
- Fed president: Economy OK despite housing slide.
- Newspaper article from: Atlanta Journal-Constitution (Atlanta, GA) September 6, 2007 700+ words
...Many economists -- and hopeful bankers -- expect the Federal Reserve to give jittery markets a boost through an interest rate cut when it meets Sept. 18. But Lockhart side-stepped questions about what the Fed might do, saying he has to evaluate what...
- Zacks Analyst Blog Highlights: Countrywide Financial, Citigroup, KB Home and...
- Press release article from: Business Wire December 12, 2007 700+ words
...dissenting vote, Boston Fed President Eric Rosengren, but the dissension was for a larger rate cut. We have not seen this...In October, Kansas City Fed President Thomas Hoenig voted against any rate cut). The softer language...
- Atlanta Fed president discusses costs of unethical behavior.
- Magazine article from: Financial Update April 1, 2005 700+ words
...of compliance carried by the vast majority of businesses that have always played by the rules, said Jack Guynn, Atlanta Fed president and chief executive officer. Speaking in April to the Scott Symposium on Business Ethics at Bridgewater College in Bridgewater...
- Fed: President Horta says he hopes film inspires policy changes
- Newspaper article from: AAP General News (Australia) July 24, 2009 700+ words
AAP General News (Australia) 07-24-2009 Fed: President Horta says he hopes film inspires policy changes East Timor President JOSE RAMOS HORTA says the the new movie .. Balibo .. about...
- Fed president expects economic upturn later in 1991. (Federal Reserve Bank of...
- Press release article from: PR Newswire January 3, 1991 700+ words
FED PRESIDENT EXPECTS ECONOMIC UPTURN LATER IN 1991 SALT LAKE CITY, Jan. 3 /PRNewswire/ -- In his 1991 outlook for the U.S. economy...
- Richmond Fed President to Retire Next Year.
- Press release article from: PR Newswire November 13, 2003 700+ words
...assist in identifying candidates to succeed Mr. Broaddus and otherwise. The Bank's directors will appoint the Richmond Fed president, subject to the approval of the Federal Reserve's Board of Governors in Washington, D.C. Mr. Broaddus, a native...
- Philadelphia Fed President Sees More Life in Economic Expansion.(Originated...
- Newspaper article from: Knight Ridder/Tribune Business News Davies, Paul April 17, 1997 700+ words
...Bank expects two more years of growth. "I think the expansion has a lot more life," Edward G. Boehne, Philadelphia Fed president, said in an interview yesterday. "I think 1997 will be a good year and 1998 will be a good year." Boehne may be right...
- FED PRESIDENT EXPECTS MODERATE GROWTH, LOWER INFLATION IN 1992
- Press release article from: PR Newswire December 4, 1991 700+ words
FED PRESIDENT EXPECTS MODERATE GROWTH, LOWER INFLATION IN 1992 SEATTLE, Dec. 4 /PRNewswire/ -- Stating that the economy has moved "basically...