Mortgage and Financial News From 2008-2-26 Page 3

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  • Soaring costs, slow growth could lead to 'stagflation'

    AZCentral.com - If that trend continues, the Fed would need to show the economy some tough love, meaning higher interest rates to keep inflation ... stagflation episode in the 1970s and early 1980s, inflation sometimes hit double digits, much higher than the current rate
    2008-02-26 08:12:00
  • JGBs slide as stocks jump on easing US credit fears

    Forbes - JGBs have been range-bound in the past month with investors hesitant to buy actively ahead of the March fiscal year-end, while expectations that the BOJ will not raise interest rates from the current 0.5 percent this year have limited bond selling.
    2008-02-23 03:58:00
  • World faces biggest economic test for years, says Darling

    Guardian Unlimited - James Knightley, at ING, and Howard Archer, at Global Insight, said they expected interest rates to be cut to 4.5% by the end of ... And that means it will have less scope to respond to slowing demand - the risk posed by the current turmoil in financial ...
    2008-02-26 05:35:00
  • Euro breaches 1.50-dollar mark for first time on US recession fears ...

    CNBC - ... under pressure as traders believe sluggish economic reports could pressure the Federal Reserve to keep cutting US interest rates ... An index of how managers assess the current business climate compiled by Germany's Ifo institute rose in February for the ...
    2008-02-26 03:19:00
  • Kohn Says Slower Growth `Greater Threat' Than Prices (Update4)

    Bloomberg - ... delivers semiannual testimony on the economy before Congress, indicate officials are prepared to keep lowering interest rates. ... The single greatest cause of the current economic crisis'' is regulatory failure, Frank said at a hearing today with ...
    2008-02-26 02:57:00
  • Domestic demand fuels Brazil’s growth

    Financial Times - Rising employment and wages, cheaper credit and higher rates of investment have made the domestic economy Brazil’s new engine of growth. Indeed, while the current account – which adds up the value of imports, exports, services, interest on foreign ...
    2008-02-26 03:19:00
  • Dollar near 3-wk low vs euro on US recession fears

    Forbes - In a Reuters poll last week, the median forecast of economists who took part in the survey was for the ECB to lower interest rates to 3.5 percent by year-end, down from the current 4.0 percent. (Editing by Chris Gallagher)
    2008-02-23 03:58:00
  • CBN lifts lending rate restriction

    Punch - The CBN, which disclosed this in a circular to banks, posted on its website on Monday, had in 2002, issued a circular on the moderation of interest rates based on the developments in the economy at that time. The apex bank, in the current circular ...
    2008-02-26 02:57:00
  • Dollar Falls to Record Low of $1.50 per Euro on Rate Outlook

    Bloomberg - Bernanke today will indicate the U.S. central bank is prepared to keep lowering interest rates. ... After the report, traders pared bets the European Central Bank will lower its target from the current 4 percent level.
    2008-02-26 03:33:00
  • Fed's Kohn says weighing need for more rate cuts

    MSN MoneyCentral - ... that a weakened U.S. economy was a bigger worry than higher inflation, suggesting a willingness to lower interest rates ... Retail sales and manufacturing data have been weak, and surveys of consumers and businesses in the current quarter ...
    2008-02-26 02:57:00
  • Bricks and mortified (Moneymanager)

    It's the question on everyone's lips. Is it time to take your profits (what's left of them) out of the gloomy sharemarket and put them into investment property? To transfer money from an investment class that has passed its peak to one that appears to be experiencing an upturn?
    2008-02-26 07:53:08
  • Range Announces Record 2007 Results (Finanzen.net)

    RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its 2007 results. Production, total revenues, oil and gas sales revenues, cash flow and earnings all reached record high levels for the year. Reported total revenues were $862 ...
    2008-02-26 07:58:12
  • Return of 'Stagflation'? (Winston-Salem Journal)

    WASHINGTON
    2008-02-26 08:02:47
  • THE ECONOMY: Consumer confidence plunges in February on worries about business conditions, jobs (The Journal-Standard)

    NEW YORK (AP) - Consumer confidence plunged in February as Americans worried about less-favorable business conditions and job prospects, a business-backed research group said Tuesday.
    2008-02-26 08:10:33
  • Worries grow for twin evils of 'stagflation' (Abilene Reporter-News)

    It's worrisome math: Slowing economic growth plus soaring prices could eventually equal "stagflation."
    2008-02-26 08:18:00