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THE ECONOMY.(TO THE POINT)
Mortgage rates tumble this week
The 30-year fixed-rate mortgage dived 21 basis points to 5.77%, Freddie Mac said. The 15-year fixed rate fell 20 basis points to 5.10%. Both hit their lowest levels since mid-July. The one-year adjustable fell 5 basis points to 3.72%, the lowest since the end of July. Lower rates could keep housing strong and revive declining refinancing activity.
Fed officials fret over job market
Chicago Fed President Michael Moskow said it will take two strong quarters and the start of a jobs rebound to assure him the economy is out of the woods. Philadelphia Fed President Anthony Santomero said job gains will come slowly because of technological change and globalization. Fed Gov. Ben Bernanke said the timing of a job-market recovery is the toughest question.
EU renews threat over U.S. law
An EU official said the U.S. must move faster to end a system of tax breaks for exporters ruled illegal by the WTO if it wants to avoid $4 bil in sanctions by year-end. The Senate Finance Committee on Wednesday OK'd a bill to end the export breaks over three years. But an EU official said ...
- Richmond Times-Dispatch Bob Rayner column: Richmond Fed president offers...
- News wire article from: Richmond Times-Dispatch (Richmond, VA) January 28, 2007 700+ words
...official. Of course, the Richmond Fed president can equivocate with the best...information from him about the central bank's next move on interest rates...Charlotte and Washington," the Fed president said. Eventually, all that...
- ADVISORY/SF Fed President And High School Seniors Preview New Fed Center...
- Press release article from: Business Wire March 15, 2004 700+ words
...Center: Exploring Our Nation's Central Bank. WHAT: The Fed Center is a...the functions of the U.S. Central bank through a series of hands-on...set up 10:00 AM Remarks by SF Fed President Robert T. Parry followed by...
- REMINDER/SF Fed President And High School Seniors Preview New Fed Center...
- Press release article from: Business Wire March 22, 2004 700+ words
...Center: Exploring Our Nation's Central Bank. WHAT: The Fed Center is a...the functions of the U.S. Central bank through a series of hands-on...set up 10:00 AM Remarks by SF Fed President Robert T. Parry followed by...
- Richmond Fed President to Retire Next Year.
- Press release article from: PR Newswire November 13, 2003 700+ words
...outstanding contributor to the operations of the U.S. central bank. Over this past decade, Al has afforded us all a clear...otherwise. The Bank's directors will appoint the Richmond Fed president, subject to the approval of the Federal Reserve's Board...
- 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...continue," said Parry. However, easing moves by the nation's central bank over the past 18 months are a fundamental factor working to stimulate...
- Fed president: GDP growth slowing.
- News wire article from: Europe Intelligence Wire September 11, 2006 700+ words
...unemployment," she added. Minehan's forecast suggests that the central bank can continue to keep rates unchanged while it surveys the...business spending, she said. Regarding inflation, the Boston Fed President, who isn't a voting member of the Fed's rate-setting...
- UPDATE 2-Dollar gains amid talk of central-bank reserves plans.
- News wire article from: The America's Intelligence Wire January 24, 2005 700+ words
...cannot take foreign central bank purchases for granted...approach. San Francisco Fed President Janet Yellen said last...Wednesday. St. Louis Fed President William Poole said...change. The U.S. central bank is expected to nudge...
- Dallas Fed president says inflation is a concern.
- Newspaper article from: Waco Tribune-Herald (Waco, TX) October 7, 2005 700+ words
...He said he joined eight other members of the nation's central bank in voting to raise interest rates for an 11th straight time...meaning other countries. Second, markets worry that the central bank will simply print more money to pay down the deficit. That...
- Richmond, Va., Fed president says interest rates will stay the same.
- News wire article from: Herald (Rock Hill, SC) October 21, 2005 700+ words
...different from recent Fed policy." Lacker said the U.S. central bank would work to keep prices low and stable, responding to...apparent to the public," he said. But Lacker noted that the central bank could not take its strong credibility for granted. "To...
- St. Louis Fed president addresses rising inflation .(NW Journal: A Look At News...
- Magazine article from: Arkansas Business Stockstill, Katie June 23, 2008 700+ words
...addressed some of the industry's major issues and put the central bank in the position to begin addressing the nation's rising...remainder of the year," he said. Bullard said he believes the central bank will be able to maintain price stability by focusing on the...
