Written by The dollar and the yen rose against their major counterparts as concern that Europe’s debt crisis is expanding and the U.S. economic recovery may be growing more slowly pushed investors to the safest currencies. READ MORE »
Posts tagged interest rates
Producer Prices in U.S. Decreased 0.3% in May on Fuel
Wholesale prices in the U.S. fell in May for the third time in the past four months, pulled down by lower costs for energy and food as European default concerns threatened to slow the global expansion. READ MORE »
Cost of Seizing Fannie and Freddie Surges for Taxpayers
Fannie Mae and Freddie Mac took over a foreclosed home roughly every 90 seconds during the first three months of the year. They owned 163,828 houses at the end of March, a virtual city with more houses than Seattle. The mortgage finance companies, created by Congress to help Americans buy homes, have become two of the nation’s largest landlords. READ MORE »
Federal Reserve weighs steps to offset slowdown in economic recovery
Federal Reserve officials, increasingly concerned over signs the economic recovery is faltering, are considering new steps to bolster growth. READ MORE »
WORLD FOREX: Dollar Falls Vs. Euro, Yen On Disappointing US Payrolls
The dollar dropped against the euro and yen Friday after disappointing U.S. jobs data sparked fresh worry over the pace of the economic recovery. READ MORE »