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24 Jul 2004 04:12 AM
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Fed ready to step up pace:
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Inflation has picked up in the U.S. economy, but because it remains historically low the Federal Reserve can likely stick with its pledged "measured" pace for interest-rate hikes, the head of the bank’s Chicago branch,
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23 Jul 2004 03:02 AM
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Mortgage rates slip in latest week:
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According to Freddie Mac, key U.S. mortgage rates fell in the week ending Thursday. The national average interest rate on the benchmark 30-year loan fell to 5.98 percent from 6.00 percent a week earlier. The 15-year
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22 Jul 2004 10:28 AM
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MPC freezes rates:
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According to the Bank of England's Monetary Policy Committee's July minutes, MPC’s members voted unanimously against a third successive rate rise. The nine-member MPC voted to keep the Bank of England's main rate at 4.5 per cent.
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22 Jul 2004 04:48 AM
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U.K. online bank Egg posts loss:
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U.K. online bank Egg posted a 4 million pound loss for the six months of the year amid operating losses for its French business and a restructuring charge, according to CBSMarketWatch). Egg this month announced
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21 Jul 2004 08:10 AM
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Fannie Mae’s Q2 profit beats expectations:
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Fannie Mae (FNM) posted second-quarter net earnings of $1.112 billion, or $1.10 per share, up from $1.102 billion, or $1.09, earned
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21 Jul 2004 07:38 AM
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Weekly mortgages down 4%:
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The Mortgage Bankers Association said its benchmark measuring mortgage applications activity declined 4% in the week ended July 16, according to CBSMarketWatch. Also on a seasonally adjusted basis, mortgage
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21 Jul 2004 07:24 AM
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J.P. Morgan Has $548 Mln 2nd-Qtr Loss:
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In the second quarter J.P. Morgan Chase had net loss of $548 million, or 27 cents a share, compares to net income
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21 Jul 2004 06:46 AM
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BONY Q2 tops estimates:
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The Bank of New York (BK) said it earned $371 million, or 48 cents a share, in the second quarter, up from
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21 Jul 2004 05:42 AM
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Period of low rates must end: Greenspan persuaded lawmakers:
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Yesterday, Federal Reserve Chairman Alan Greenspan in his semi-annual report on monetary policy assured the Senate Banking Committee that the period of low interest rates must end. He said that the U.S. economy has entered a sustainable expansion that should eliminate a June slowdown and is under no serious threat from inflation.
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20 Jul 2004 09:45 AM
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US Bancorp Q2 results top Wall St. estimates:
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US Bancorp Del (USB) reported second-quarter earnings of $1.04 billion, or 54 cents per share, up from $919.9 million, or 48
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20 Jul 2004 09:18 AM
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Economic relief from Greenspan. Part 2.:
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On Tuesday, U.S. lawmakers are to hear out Alan Greenspan on the significance of a June slowdown, but economists expect the Federal Reserve chief to put all the blame on a summer lull and stress that the economy is practically well.
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20 Jul 2004 09:06 AM
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BOC holds interest rates:
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The Bank of Canada as expected left its key interest rate unchanged at 2 percent Tuesday, according to CBSMarketwatch
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20 Jul 2004 07:44 AM
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Wells Fargo 2Q net income rose 12%:
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Wells Fargo said today second-quarter profit rose 12% as it boosted consumer lending and earned more fees from services
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19 Jul 2004 09:33 AM
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Economic relief from Greenspan:
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Unstable situation with corporate profits will keep markets nervous this week as the earnings season moves into full swing, but Federal Reserve Chairman Alan Greenspan could provide some relief with reassuring words on the economy
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17 Jul 2004 08:10 AM
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Fed members on same monetary policy page:
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Federal Reserve Gov. Susan Bies on Friday termed as "good" June CPI data, but added that she tends to focus on multiple-month trends instead of more volatile short-term indicators. "I like the PCE inflation index rather than
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