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Keyword: interestrates

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  • A Fed Shot Across Trump's Bow?

    12/15/2016 5:16:16 AM PST · by IBD editorial writer · 48 replies
    Investor's Business Daily ^ | 12/14/2016 | Staff
    Monetary Policy: It was a foregone conclusion that the Fed would raise rates by a quarter point this week. No surprise there. What was a surprise was the sudden hawkish tone. Are they trying to tamp down enthusiasm after Donald Trump's election? It sure looks that way. Instead of just two rate hikes next year, which was the Fed's own expectation just last September, its forecasts now look for three rate hikes. Why the change? A sudden surge in inflation? Faster than expected growth? Hardly. The Fed's own forecasts don't see unemployment getting below where it is now, about 4.5%....
  • Trump: The Fed Keeping Interest Rates Artificially Low So The Economy Doesn't Go Down (Video)

    09/09/2016 4:04:26 PM PDT · by Red Steel · 26 replies
    Real Clear Politics ^ | September 6, 2016 | Tim Hains
    "...Donald Trump told reporters Monday that the Federal Reserve is keeping interests rates at record lows to help President Obama and to keep the economy from going down. "They’re keeping the rates artificially low so the economy doesn’t go down," Trump said in response to a question about a potential rate hike by the Federal Reserve this month. "So that Obama can say he did a good job. That's the only reason that the rates are so low. They're keeping the rates artificially low so that Obama can go out and play golf after January and say that he did...
  • The Fed may be preparing for the unthinkable — negative interest rates in America

    09/04/2016 12:30:58 AM PDT · by SaveFerris · 194 replies
    Yahooooo ^ | 12 hours ago | John Mauldin, Yahoo Finance Contributor
    Negative interest rates are spreading like a virus. Central banks in the Eurozone, Switzerland, Sweden, and Japan all have below-zero policy rates. “NIRP,” as economists call a negative interest rate policy, is a desperation move—but the only move those central banks have. The Federal Reserve hasn’t followed—yet. When the next recession strikes, I believe Janet Yellen will choose to break the zero lower bound. The rationale was laid out in Jackson Hole. Look behind the headlines and you’ll see the Fed already preparing for NIRP. In theory, negative rates should encourage consumers and businesses to spend more freely and stimulate...
  • Donald Trump: This is why I'm for low interest rates

    05/05/2016 2:50:37 PM PDT · by RayofHope · 26 replies
    CNBC ^ | 0/05/2016 | Matthew J. Belvedere
    Donald Trump told CNBC on Thursday he's for low interest rates unless inflation perks up, and he would probably replace Janet Yellen when her term is up as Federal Reserve chair. "I have nothing against Janet Yellen whatsoever. I think she's been doing her job," the presumptive GOP presidential nominee said in a wide-ranging phone interview with "Squawk Box."
  • Charting the lowest interest rates in 5,000 years, worst commodity returns in 80 years

    06/17/2016 9:59:42 AM PDT · by Lorianne · 13 replies
    Market Watch ^ | 14 June 2016 | Barbara Kollmeyer
    Looking to dazzle friends and family at the next summer barbecue? Well, drop this little fact on them: global interest rates are at their lowest in 5,000 years. Not only that, you can tell the acquaintance who brags about his gold bars in the bank vault that returns on commodities are the worst since 1933. Sounds crazy you may say, but that’s just the kind of history Bank of America Merrill Lynch rolled out in the third edition of “Longest Pictures” note. The first chart shows the lowest global interest rates going all the way back to 3,000 B.C. Michael...
  • Official: Global Markets Seem Ready for an Interest Rate Hike

    05/30/2016 9:12:34 AM PDT · by BenLurkin · 7 replies
    VOA ^ | 05/30/2016
    A U.S. Federal Reserve Bank president said Monday the global markets seem to be poised for an interest rate hike this summer. James Bullard, president of the Federal Reserve Bank of Saint Louis, said his outlook was not "too surprising" since signs are pointing to a second quarter rebound in the U.S. gross domestic product, the value of all goods and services produced in the U.S. Bullard's remarks, made at an international conference in Seoul, South Korea, follow revised data Friday from the U.S. Commerce Department that the economy expanded faster than previously thought in the first three months of...
  • Janet Yellen says Fed could raise rates in coming months

    05/27/2016 4:16:45 PM PDT · by Olog-hai · 33 replies
    Associated Press ^ | May 27, 2016 4:08 PM EDT
    Federal Reserve Chair Janet Yellen said Friday that an interest rate hike would be appropriate in the coming months if the economy keeps improving. While economic growth was relatively weak at the end of last year and beginning of this year, it appears to be picking up now based on recent data, Yellen said during a discussion at Harvard University. She said she expects the Fed to “gradually and cautiously increase” its key interest rate “and probably in the coming months, such a move would be appropriate.” …
  • Private Pensions Underfunded (82%)

    05/11/2016 7:17:03 PM PDT · by buwaya · 16 replies
    Milliman ^ | 5/11/2016 | Buwaya
    A vanity, I apologize if this is old news or if I am being pedantic. We all know about the public pensions crisis, but the PRIVATE pension problem is under the radar. It probably shouldn't be, and it is also affected by government-corporate chicanery. It seems that, because of the sluggish state of the economy and low interest rates, nearly all private pension funds, just like public ones, are in the red. There are various pension fund surveys; most show that private pension funds are on average only about 80% funded; in 2007 they were on average over 100% funded....
  • The Screamfest Aimed At Trump

    05/10/2016 7:18:01 AM PDT · by SatinDoll · 12 replies
    The Market-Ticker ^ | May 10, 2016 | Karl Denninger
    "Donald Trump's Economic Plans Would Destroy the US Economy!" screams the headline in The Atlantic. Of course to go with the headline they find a very unflattering picture.... I do give The Atlantic one bit of credit: They didn't bury the lede. "I've borrowed knowing that you can pay back with discounts," he told CNBC. "I would borrow knowing that if the economy crashed, you could make a deal.” "This policy would be so disastrous that even its suggestion is dangerous." Oh really? The article goes on to say that suggesting that one might haircut the debt would collapse markets...
  • James Grant: ‘Something Is Going to Go Wrong’

    04/17/2016 3:03:53 PM PDT · by george76 · 8 replies
    Epoch Times ^ | March 9, 2016 | Valentin Schmid
    Chief editor of Grant's Interest Rate Observer debunks negative interest rates, banning cash, and helicopter money. ... Epoch Times spoke to Mr. Grant about the spotty track record of central bankers, deflation, gold and the gold standard, as well as negative interest rates and a ban on cash. A negative interest rate is not only a tax on saving, it is the destruction of saving. ... Negative interest rates are an attempt to tax thrift. The idea of earning dollar bills and putting those dollar bills in a bank and having them accumulate over time, the accumulation of which is...
  • Fed leaves rates unchanged, lowers economic forecasts

    03/16/2016 11:41:27 AM PDT · by John W · 44 replies
    The Washington Post ^ | Match 16, 2016 | Steven Mufson
    The Federal Reserve left its benchmark interest rate unchanged today and lowered its economic forecasts after a turbulent start to the year in financial markets and lackluster U.S. growth persuaded the central bank to reassess the timing and magnitude of its plan to raise rates. The Fed maintained its target for interest rates at a range of 0.25 to 0.50 percent to give the U.S. recovery more time to get on a stable track without making recovery more difficult for the rest of the world, where growth is flagging. Only one member of the Federal Reserve's open market committee dissented...
  • Germany ends audits against Deutsche Bank over price fixing

    02/27/2016 5:49:13 AM PST · by Olog-hai · 2 replies
    Deutsche Welle ^ | 25.02.2016 | [mg/jr (Reuters, dpa)]
    Germany's financial regulator has said it won't take further action against the country's largest bank over alleged interest rate rigging and precious metals price fixing. The moves takes the spotlight off a former boss. The watchdog, known as Bafin, announced on Thursday it had ended several major special audits against Deutsche Bank. [...] Deutsche Bank paid $2.5 billion (2.26 billion euros) in fines in April last year after investigations on manipulating interest rates. The bank was also probed for its role in rigging prices of gold, silver, platinum and palladium. It also recorded a multibillion-euro loss for 2015. Bafin officials...
  • Federal Reserve Chair Yellen Grilled About Negative Interest Rates By Congress

    02/17/2016 9:41:33 AM PST · by SeekAndFind · 37 replies
    International Business Times ^ | 02/17/2016 | Owen Davis
    Federal Reserve Chairwoman Janet Yellen faced what may have seemed like an absurd line of questioning on Capitol Hill this week: Has the Fed considered negative interest rates? It's not a fantasy. At central banks around the world, negative benchmark interest rates have become the new normal, leading to some unusual paradoxes. In Denmark, instead of paying interest on their mortgages, many borrowers have been receiving payments from banks on their home loans. On the flip side, some Swiss bank customers have had to pay banks to keep cash in savings accounts. Yellen told Congress Thursday, following negative moves by central banks in Europe and elsewhere, the Fed has...
  • Fed stress-tests negative interest rate idea

    02/02/2016 8:53:37 PM PST · by Leaning Right · 20 replies
    Reuters via CNBC ^ | Feb. 2, 2016 | Richard Beales
    The Federal Reserve started raising official interest rates in December. But in the stress tests that large U.S. banks have to undergo, the central bank is hypothesizing that short-term Treasury yields could drop below zero. The European Central Bank and, since Friday, the Bank of Japan are trying it with policy benchmarks. Though negative U.S. interest rates are for now only in the Fed's worst-case scenario, they are becoming a plausible downturn assumption.
  • Bank of Japan introduces negative interest rates

    01/28/2016 9:43:05 PM PST · by Olog-hai · 16 replies
    CNN Money ^ | January 28, 2016: 11:29 PM ET | Jethro Mullen
    The Bank of Japan is stepping up its efforts to kick-start the country's struggling economy by taking interest rates into negative territory. The central bank announced Friday that it will introduce an interest rate of minus 0.1% and will go even lower if needed. In theory, negative rates encourage consumers to save less and spend more. They can also weaken a country's currency, helping exporters. ...
  • Canada Set To Unleash Negative Interest Rates As Oil Patch Dies, Depression Deepens

    01/19/2016 3:59:55 PM PST · by SeekAndFind · 35 replies
    Zero Hedge ^ | 01/19/2016 | Tyler Durden
    This Wednesday, the Bank of Canada has a decision to make.Canada's oil "dream" is dying thanks to the inexorable slide in crude prices and as the IEA made clear earlier today, the pain is set to persist for the foreseeable future as the world "drowns in oversupply.""Lower for longer" has hit the country's oil patch hard. We've spent quite a bit of time documenting the plight of Alberta, where job cuts tied to crude's slide have led directly to rising suicide rates, soaring property crime, and increased food bank usage (not to mention booming business for repo men).Adding insult...
  • Fed Hikes Rates, Unleashing First Tightening Cycle In Over 11 Years

    12/16/2015 3:50:54 PM PST · by Nachum · 8 replies
    zero hedge ^ | 1216/15 | tyler durden
    On the 7th anniversary of entering ZIRP, and for the first time since June 29th 2006, The Federal Reserve announced today that it will try and raise interest rates: *FED RAISES INTEREST RATES 0.25 POINT IN UNANIMOUS VOTE Of course, the flowery language and dots are as dovish as possible while maintaining some semblance of credibility with regard growth expectations as The Fed unleashes a tightening cycle for the first time in over 11 years.
  • Fed raises interest rates for first time nearly a decade, citing ongoing U.S. recover

    12/16/2015 1:07:38 PM PST · by SeekAndFind · 29 replies
    Reuters ^ | 12/16/2015 | BY HOWARD SCHNEIDER AND JASON LANGE
    The Federal Reserve hiked interest rates for the first time in nearly a decade on Wednesday, signaling faith that the U.S. economy had largely overcome the wounds of the 2007-2009 financial crisis. The U.S. central bank's policy-setting committee raised the range of its benchmark interest rate by a quarter of a percentage point to between 0.25 percent and 0.50 percent, ending a lengthy debate about whether the economy was strong enough to withstand higher borrowing costs. "With the economy performing well and expected to continue to do so, the committee judges that a modest increase in the federal funds rate...
  • Fed Officials Worry Interest Rates Will Go Up, Only to Come Back Down

    12/13/2015 1:51:46 PM PST · by BenLurkin · 27 replies
    WSJ ^ | Updated Dec. 13, 2015 2:16 pm | Jon Hilsenrath
    Federal Reserve officials are likely to raise their benchmark short-term interest rate from near zero Wednesday, expecting to slowly ratchet it higher to above 3% in three years. But that's if all goes as planned. Their big worry is they'll end up right back at zero. Any number of factors could force the Fed to reverse course and cut rates all over again: a shock to the U.S. economy from abroad, persistently low inflation, some new financial bubble bursting and slamming the economy, or lost momentum in a business cycle which, at 78 months, is already longer than 29 of...
  • Janet Yellen sets jobs report floor at ... 100K?

    12/04/2015 8:18:08 AM PST · by SeekAndFind · 9 replies
    Hotair ^ | 12/04/2015 | Taylor Millard
    Federal Reserve Chair Janet Yellen made an interesting comment yesterday on today’s jobs report, suggesting the economy just needs to add around 100K jobs a month to be okay. Via Reuters: “To simply provide jobs for those who are newly entering the labor force probably requires under 100,000 jobs per month,” with anything above that helping “absorb” those who are unemployed, discouraged or had dropped out of the labor market, Yellen, who was speaking before Congress’ Joint Economic Committee, said in a question and answer session. That 100K number is much, much lower than the current 200K monthly average...