Archive for 'Senate Banking Committe' Category

Rates Down Again, Reports Show Weak Economy

28 February 2008

Rates were down over half a point today on more weak economic reports.
The 4th Quarter GDP came in at a growth rate annualized  of .6%, which was weaker than analysts had forecasted.
Unemployment claims came in higher than expected for last week.
The bond market reacted favorably to both reports.  It was unaffected by Bernanke’s testimony today, [...]

Bernanke Testifies More Rate Cuts Likely

27 February 2008

Rates were down today after Fed Chair Ben Bernanke testified to Congress that the Fed may continue to lower rates, despite strong inflationary pressure.   Rates will improve by at least .375 to the points.
Durable Goods Orders for January were reported today, showing a much steeper decline than had been expected.   New Home Sales for [...]