interest rate

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Banks Tighten Credit Squeeze
Banks Tighten Credit Squeeze
Aug 3, 2007 4:38 AM CDT

Banks Tighten Credit Squeeze

Lenders 'raising rates like crazy'

(Newser) - Lenders are cutting credit, tightening standards or raising interest rates to a broader range of borrowers beyond those with weak credit records who qualify for subprime loans, the Wall Street Journal reports. Panic is spreading to a category of mortgages between subprime and prime that often involves borrowers who don't...

Inflation-Free Growth Is Too Good to Last

Inflation and higher interest rates could cool world markets

(Newser) - Globalization and access to low-cost labor has allowed the world economy to grow without high inflation, but this economist's dream may soon end, the Wall Street Journal predicts in a cautionary report. Demand for everything from workers to lumber is increasing, raising prices—and the prospect of higher inflation.

Interest Rate Cut Triggers Panic in Iran

President goes over finance minister's head, ignites sell-off

(Newser) - Iran's erratic president has set off a stock market scare by ordering banks to slash interest rates, despite high inflation and lots of expert advice to the contrary. The move sparked panicked selling and fears of a full-blown financial crisis, the Guardian reports. The new decreed rate is 12%, down...

Fed Holds Interest Rates Steady
Fed Holds Interest Rates Steady
May 9, 2007 2:26 PM CDT

Fed Holds Interest Rates Steady

Unanimous vote seeks to stave off inflation

(Newser) - The Fed held the benchmark interest rate steady at 5.25% today in an unsurprising statement that prompted little reaction from the market. The unanimous vote reflects concerns about a faltering housing market, slowed growth, and persistent fears about core inflation, which the Fed continues to consider "somewhat elevated....

Dollar Gets Pounded
Dollar Gets Pounded
Apr 18, 2007 11:53 AM CDT

Dollar Gets Pounded

As the pound passes $2, Brits expected to flock to U.S.

(Newser) - The British pound hit a 26-year-high against the dollar this morning, triggering inflationary fears there as it pushed past $2 for the first time since Margaret Thatcher's early reign. As  inflation figures spiked to 3.1% in March—the highest  in 10 years—the middle class got hit the hardest,...

Bernanke Keeps Interest Rate Steady
Bernanke Keeps Interest Rate Steady
Mar 29, 2007 8:15 AM CDT

Bernanke Keeps Interest Rate Steady

Sees housing crisis as risk, but doesn't see recession

(Newser) - With inflation creeping up, Fed chairman Ben Bernanke will keep interest rates steady—at least for now, reports the Wall Street Journal. Soft business investment and weakening housing are becoming serious risks, but the long-term outlook is good, Bernanke told Congress yesterday. "The current stance of monetary policy is...

Consumer Financial Savvy Peaks at 53
Consumer Financial
Savvy Peaks at 53
Mar 22, 2007 11:57 AM CDT

Consumer Financial Savvy Peaks at 53

Data shows the age of 53 is sweet spot for financial savvy

(Newser) - Middle aged consumers make better decisions—and fewer mistakes—than their younger and older counterparts.  A study of  thousands of credit card and home and car loan documents shows that they are the most  likely to get the lowest interest rate available  and the least likely to pay unnecessary...

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