Federal Reserve

Guess How Many Americans Now Have Auto Loans

A growing number of consumers are financing vehicles. But are they putting their credit at risk?<p>Americans certainly aren't strangers to debt. From …

Retirement Planning

Global Economy Week Ahead: U.S., Eurozone Unemployment and Inflation

This week, both the U.S. and Europe will see key readings on their labor markets and inflation, while India will release its first-quarter gross-domestic-product figure.<p>TUESDAY: Though employment numbers have been strong this year, some inflation measures showed softness in March and April. Federal …

United States

U.S. Bond Market Week In Review

<i>By Hale Stewart</i><p>Last week, I discussed the views of 4 Federal Reserve presidents to discern their current interest rate policy. This week's column …

United States

Stocks Point to Mixed Start; Rand Pares Gains: Markets Wrap - Bloomberg

Stocks headed for a mixed start in Asian trading and the yen strengthened, with trading at the start of this week likely to be subdued as many of the …

Markets

Five things to look out for in the global economy this week

This will be a quiet week for finance, if a noisy one for politics. It is a short week for the markets, with Monday a holiday in both the US and UK, …

World Economy

ASX gears up for data-heavy week

A barrage of local economic data releases should provide local shares with plenty of momentum in the next five trading days.<p>While Monday is expected …

Business (Australia)

Homeowners Are Again Pocketing Cash as They Refinance Properties

Americans refinancing their mortgages are taking cash out in the process at levels not seen since the financial crisis.<p>Nearly half of borrowers who refinanced their homes in the first quarter chose the cash-out option, according to data released this week by Freddie Mac. That is the highest level …

Mortgages

When Should You Retire?

The answer depends on a lot of factors, but it boils down to four main things that affect your financial, social, and emotional well-being.<p>Ask …

Retirement

Full Employment: Are We There Yet?

There’s no economic consensus on whether or not the labor market has reached its full potential—or how to judge when it has.<p>The Bureau of Labor Statistics’ April jobs report showed that for just about a year straight, unemployment has remained under 5 percent. That’s laudable, considering the fact …

Sociology

Do You Believe in the Inflation Boogeyman?

By Kevin Flanigan via Iris.xyz One of the lynchpins behind the Federal Reserve’s (Fed) decision-making process thus far in 2017 has apparently been the altered inflation landscape. The policy makers seem to be more comfortable that deflationary conditions have passed and that inflation will be …

Markets

Fed Minutes And Trump Policy Stumbles Keep Treasury And Other Interest Yields Low

The minutes of the recent Federal Reserve meeting have been released and a combination of those and the experience of the policy stumbles of the Trump Administration have kept interest rates on debt generally and Treasuries specifically low. As the Fed notes, umm, note core inflation is still …

Opinion

5 Factors That Could Have a Major Impact on Gold Prices in the Second Half of 2017

Here's what could make gold shine or lose its luster in the months to come.<p>Physical gold investors have been taken for quite the ride over the past …

gold

Is The Dollar Going To Turn?

Market consensus has shifted to a negative dollar outlook.<p>I am not convinced we have seen peak divergence.<p>Fundamental news next week may see solid US …

Trading

After Last Week's Gold Drop, Speculative Traders Jump Back On Board This Week

Speculative gold longs rose and gold shorts covered by a large amount this week.<p>In silver, the action was different as we saw major short-covering …

gold

Gold books highest settlement in a month, 3rd straight weekly rise

Gold on Friday closed at its highest level of the month, lifting prices for a third week in a row as a fresh round of geopolitical jitters offset expectations for higher U.S. interest rates, which would otherwise be bearish for gold prices.<p>Investors were watching North Korea, this weekend’s Group …

Business

June Rate Hike? Not Likely - Here's How You Should Be Invested

The Fed's May minutes speak to a healthy economy.<p>Yet nearly every piece of consumer data tells a different story.<p>Raise interest rates and the Fed …

Business

What Economic Policies Do Americans Need? Just Ask Them

It's not complicated. The poor want more money. The middle class worries about health care. The rich fret over retirement.<p>Usually, when economists think about how to improve the lives of people, they rely on introspection and theoretical assumptions. Many an econ paper buries itself in abstract …

Social Justice

Car owners are holding their vehicles for longer, which is both good and bad

There are a lot of old "road warriors" travelling this Memorial Day weekend. That's because the average age of vehicles in the U.S. is a record 11.6 …

Autos

Federal Reserve June hike hopes reach fever pitch as US GDP slowdown less severe than previously thought

The American economy performed far better than economists previously thought at the start of 2017, as revised data supported the Federal Reserve’s …

Business (UK)

What a week! Stocks near records as Trump fears fade

Stocks were not doing much on Friday. Not much was happening on Wall Street. I guess that traders, like most Americans, are too busy getting ready for a long Memorial Day weekend of barbecues, baseball and beer to worry about the market.<p>But what a week it has been! The S&P 500 and Nasdaq each hit …

Markets

U.S. GDP Growth Revised Up to 1.2% Rate in First Quarter--Update

U.S. economic growth in early 2017 was modest but stronger than initially thought, and the pace is picking up in the current quarter.<p>Gross domestic product, a broad measure of the goods and services produced in the U.S. economy, expanded at an inflation- and seasonally adjusted annual rate of 1.2% …

United States

Here's What It Would Take for Gold to Hit $2,000

Up more than 10% year to date, the price of gold could soar much higher based on these three factors.<p>Scour the rows of greetings cards, and one can …

Stocks

BOND REPORT: Treasury Yields Slip On The Day, But Halt Weekly Streak Of Declines

10-year Treasury yield continues to linger below 2.30%<p>Treasury yields retreated on Friday as a batch of economic reports came in mixed ahead of the Memorial Day holiday, but a slight yield gain on the week was enough to halt a weekly string of declines for government bonds at two.<p>The yield for the …

United States

Goldman and Morgan Stanley split on Fed rate rises

Economists at the US banks have differing opinions on what the central bank might do after an expected June rate hike<p>Wall Street has coalesced around …

Morgan Stanley

Looking for a Big Economic Bump? It’s Looking Less Likely

The big economic bounce that some experts have confidently predicted for later in the year may turn out to be only a small bump.<p>It is not that the economy is weakening, or that a recession is in the offing. Rather it appears as if the pace of growth in 2017 will not be much faster than it was last …

Business

Just A Few Hikes Away From -7.5%

I don't like bonds and I especially don't like intermediate term government bonds.<p>You don't need a crystal ball to come to the conclusion these …

Business

Q1 US GDP Growth Revised Up To A Still Weak 1.2%

The gross domestic product of the United States is an important number, it’s a measure of the economic wealth of the polity. Thus the news that the estimate of how fast that GDP grew in the first quarter has been revised up to 1.2% is good news. However, it’s only marginally good news for that’s …

Opinion

Finally, an Answer! 4 Reasons Millennials Are Waiting to Buy a Home

Fewer millennials are buying homes today than in years past. Here are the factors influencing this trend.<p>Say what you will about millennials and …

Mortgages

GDP beats on stronger business and consumer spending

The US economy grew by 1.2% in the first quarter, better than initially reported, according to the Commerce Department's second estimate of gross domestic product.<p>Economists had estimated that gross domestic product rose by 0.9%, improved from the advance estimate of 0.7% that was based on …

Business

Dollar Recovers as GDP Revised Up, Paring Transitory Weakness - Bloomberg

The dollar was on track to end the week with a marginal gain after rising Friday as U.S. first-quarter economic growth was revised higher, …

United States