Topic: U.S. Federal Reserve
Greenspan says Fed did not fuel the housing bubble
Reuters US Online Report Business News
NEW YORK (Reuters) - Former Federal Reserve Chairman Alan Greenspan, whose legacy has been tarnished by the global financial crisis, on Thursday laid out a scholarly defense of why Fed policy did not fuel the housing bubble. Greenspan did offer somewhat of a mea culpa, though, noting that the regulatory system ...
European equities stumble on profit-taking
AFP Global Edition
Europe's main stock markets stumbled on Thursday as investors took profits and digested economic data including a larger-than-expected eurozone trade deficit, dealers said. In late morning European trade, London's benchmark FTSE 100 index gained just 0.08 percent to 5,649.25 points, while the Paris CAC 40 ...
Mortgage rates still below 5 percent
AP News
Rates on 30-year mortgages edge up, but remain below 5 percent as Fed prepares exitMortgage rates held below the 5 percent threshold for the third straight week as the Federal Reserve prepares to end a program that has kept rates at or near record lows. The average rate on a ...
February consumer prices flat on lower energy costs
Reuters US Online Report Business News
WASHINGTON (Reuters) - Consumer prices were unexpectedly unchanged in February as a drop in energy costs was offset by higher food and medical care costs, a government report showed on Thursday, backing up the Federal Reserve's commitment to ultra low interest rates. The Labor Department said its seasonally adjusted Consumer ...
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