04/24/14 11:15 AM
WASHINGTON (AP) — Average U.S. rates on fixed mortgages rose this week as the spring home-buying season has gotten off to a slow start. Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year loan rose to 4.33 percent from 4.27 percent last week. The average for the...
04/23/14 05:45 PM
WELLINGTON, New Zealand (AP) — With its economy continuing to improve, New Zealand on Thursday raised its benchmark interest rate for the second time in six weeks, to 3 percent. New Zealand is forging its own path on rates after most developed nations continue to try and stimulate their...
By Joseph Lawler | 04/16/14 02:29 PM
In a speech at the Economic Club of New York on Wednesday, Yellen noted that the Fed's monetary policy committee's latest projections were for the unemployment rate to fall within the range of what officials think is full employment for the U.S. by the end of 2016, and for inflation to rise to...
04/03/14 03:15 PM
Average U.S. rates on fixed mortgages rose slightly this week but remained near historically low levels.
By Joseph Lawler | 04/03/14 10:00 AM
In the face of 12-percent unemployment and 0.5-percent inflation, the European Central Bank took no action Thursday following the meeting of its monetary policy council. Mario Draghi, the Italian president of the ECB, said that the "moderate recovery of the euro area economy is proceeding in...
03/27/14 11:30 AM
WASHINGTON (AP) — Average U.S. rates on fixed mortgages rose this week in the wake of comments by Federal Reserve Chairman Janet Yellen suggesting that the Fed could start raising short-term interest rates by mid-2015. Mortgage buyer Freddie Mac said Thursday the average rate for the 30-year...
By Joseph Lawler | 03/19/14 03:40 PM
The Federal Reserve revamped its stimulus program Wednesday in the first meeting run by new Chairwoman Janet Yellen, continuing the “taper” of its bond-buying program while abandoning a benchmark for its policy of zero-percent interest rates that had become obsolete. As expected, the...
By Joseph Lawler | 03/17/14 07:09 AM
The key question regarding the first monetary policy meeting of the Federal Reserve System in the Janet Yellen era on Tuesday and Wednesday is whether the central bank will change its guidance about zero interest rates, and how.
By Byron York | 04/23/14
By Byron York | 04/22/14
By Washington Examiner | 04/23/14
By Joel Gehrke | 04/22/14
By Cal Thomas | 04/23/14