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Bankrate: Mortgage Rates, Like Fed, Hold Steady

added: 27-06-2008

Fixed mortgage rates took a breather, with the average conforming 30-year fixed mortgage rate holding at 6.62 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.4 discount and origination points.

US Federal Reserve Left Rates Alone

added: 26-06-2008

The US Federal Reserve left rates alone but continued to push its concern about inflation. In the usual statement issued after the two day meeting in Washington which left the Federal Funds rate at 2%, the Fed stopped short of saying that it now sees inflation as the dominant risk.

US Fed Meets As Markets Go Quiet

added: 25-06-2008

The US Federal Reserve started its two day meeting overnight with the market not expecting a move, especially upwards, in interest rates, but with growing scepticism about the outlook for corporate earnings and share prices.

Americans Give Government Economic Policies and Job Market a Bad Rating

added: 25-06-2008

As gas prices and food prices continue their climb, the American public perceives overall economic policies of the federal government in a negative light. But, there is a sense of optimism about where things will be going in the next six months.

The Conference Board Consumer Confidence Index Declines in May 2008

added: 25-06-2008

The Conference Board Consumer Confidence Index, which had declined in May, declined even further in June. The Index now stands at 50.4 (1985=100), down from 58.1 in May. The Present Situation Index decreased to 64.5 from 74.2. The Expectations Index declined to 41.0 from 47.3 in May.

Little Effect on Gas Prices, Significant Pressure on Food

added: 24-06-2008

Two studies released today show that federal ethanol mandates have placed significant pressure on food prices, while any effect on gasoline prices has been "almost too small to measure."

New Climate Change Study Promotes Progressive Strategy to Reduce CO2 Emissions While Reducing Payroll Taxes on Average Americans

added: 24-06-2008

The U.S. can reduce CO2 emissions and create a path to limit their atmospheric concentrations to levels considered safe for the global climate, by introducing carbon-based taxes and offsetting their costs for most households, according to a study authored by Dr. Robert Shapiro, former Under Secretary of Commerce for Economic Affairs.

US Weak Economic Growth And Rising Inflation

added: 24-06-2008

The domestic economy remains weak heading into summer, with consumers bracing to pay even more for gas to drive to the beach or the mountain lakes. And they are likely to be as shocked at how much it costs to run the air conditioner. Meanwhile, the cost of filling up the grocery cart continues to rise. Midwest flooding could send prices for wheat, corn, and some other products up by 10 percent.

Americans Are Concerned About Their Retirement Prospects

added: 24-06-2008

A new study released by Bankrate, Inc. shows that more and more Americans are concerned about their retirement prospects. The poll, conducted by GfK Roper as part of Bankrate's Financial Literacy series on retirement, reveals that retirement is a growing concern amid tumultuous financial times for Americans.

US: Mass Layoffs in May 2008

added: 23-06-2008

In May, employers took 1,626 mass layoff actions, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month, the Bureau of Labor Statistics of the U.S. Department of Labor reported. Each action involved at least 50 persons from a single employer; the number of workers involved totaled 171,387, on a seasonally adjusted basis.

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