Mortgage and Financial News From 2007-11-16
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Talk that Fed is done with the interest cuts for now drives US ...
CNBC - Traders are now inclined, however, to think that the interest rate cuts may be at an end, which has led to a modest strengthening of the U.S. currency, said James Hughes, an analyst at CMC Markets. "There is growing consensus that the Fed will now ...
2007-11-16 03:29:00 -
China shares fall as economic data strengthens rate hike fears, profit ...
CNBC - SHANGHAI, China - Chinese stocks fell Friday as fresh economic data strengthened expectations of an interest rate hike. Overnight losses on Wall Street also prompted investors to sell property developers and other blue chips to lock in profits. The ...
2007-11-16 01:35:00 -
China Factory Spending Quickens, Adds Rate Pressure (Update4)
Bloomberg - Nov. 16 (Bloomberg) -- China's growth in factory and property spending unexpectedly accelerated, stoking speculation the central bank will raise interest rates for a sixth time this year to cool the world's fastest-growing major economy. Fixed-asset ...
2007-11-16 02:18:00 -
Fed Governor Casts Doubt on Rate Cut
CNBC - A top Federal Reserve official said it would take sharper than expected slowdown in growth to change the Fed's monetary policy stance in a Dow Jones interview released on Friday, casting doubt on market expectations for more interest rate cuts. St ...
2007-11-16 06:14:00 -
Standard Life Raises Loan Rate on `Significant' Market Changes
Bloomberg - Nov. 16 (Bloomberg) -- Standard Life Plc, the U.K. life insurer that abandoned a bid for Resolution Plc, raised its variable home-loan interest rate in its first move to accommodate increased costs in money-market lending. The Edinburgh-based insurer ...
2007-11-16 04:12:00 -
Pace of Chinese investment quickens, rate rise seen
Reuters - BEIJING (Reuters) - Chinese capital spending in October rose at the briskest pace in over a year, rounding out a strong batch of monthly economic data and cementing expectations of a fresh rise in interest rates, possibly as early as Friday. Capital ...
2007-11-16 06:07:00 -
Euro falls against US dollar on speculation US interest rate cuts will ...
MSN UK News - The 13-nation euro fell Friday against the U.S. dollar as speculation grew that Washington's interest rate cuts may be at an end for the time being. In late morning trading the euro bought US$1.4594, down from US$1.4612 the night before in New York ...
2007-11-16 03:15:00 -
Fed's Kroszner Says `Rough Patch' Won't Warrant More Rate Cuts
Bloomberg - Nov. 16 (Bloomberg) -- Federal Reserve Governor Randall Kroszner said economic indicators in the coming months will reflect a ``rough patch'' though that wouldn't be enough to warrant additional interest-rate cuts. ``The current stance of monetary ...
2007-11-16 06:07:00 -
Fed's Kroszner says 'rough patch' of data not by itself enough for new ...
CNBC - WASHINGTON (Thomson Financial) - A series of forthcoming "downbeat" data releases will not necessarily lead to another interest rate cut, Federal Reserve Governor Randall Kroszner has warned financial markets. "A sequence of data releases consistent ...
2007-11-16 06:14:00 -
Fed's Kroszner says 'rough patch' of data not by itself enough for new rate cut (The Forex Market)
WASHINGTON (Thomson Financial) - A series of forthcoming "downbeat" data releases will not necessarily lead to another interest rate cut, Federal Reserve Governor Randall Kroszner has warned financial markets.
2007-11-16 06:14:02 -
China shares fall as economic data strengthens rate hike fears, profit-taking (AP via Yahoo! Singapore News)
Chinese stocks fell Friday as fresh economic data strengthened expectations of an interest rate hike.
2007-11-16 01:33:00 -
Fed official: Caution on interest rates (Denver Post)
Federal Reserve Bank of Kansas City president Thomas Hoenig said he is in a "wait-and-see-mode" on interest-rate policy and expects the economy to grow about 2 percent over the long run.
2007-11-16 12:28:56 -
Week ahead: Minutes to point to rate cut (ShareCast via Yahoo! UK & Ireland Finance)
Economic news will be dominated by the minutes from the last Bank of England meeting. Most economists expect an interest rate cut very soon, possibly even in December as weak retail sales, falling house prices and the ongoing credit crunch problems may even convince the Bank's MPC that things in the economy are not going swimmingly.
2007-11-16 05:55:05 -
Fed's Kroszner Says `Rough Patch' Won't Warrant More Rate Cuts (Bloomberg.com)
Nov. 16 (Bloomberg) -- Federal Reserve Governor Randall Kroszner said economic indicators in the coming months will reflect a ``rough patch'' though that wouldn't be enough to warrant additional interest-rate cuts.
2007-11-16 06:12:41 -
China rate hike looking likely as investment rises (AFP via Yahoo! News)
Chinese urban fixed asset investment gained pace in the first 10 months of 2007, official data showed Friday, capping a week of strong data that has raised expectations of an interest rate hike.
2007-11-16 12:49:10