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Dennis Lockhart

Mutual Distrust Freezes Lending Among Banks

Washington Post Staff Writer Wednesday, October 1, 2008; Page D01 At the core of the financial crisis is a simple problem: Banks don't fully trust each other. Normally, Libor on dollar loans is not much higher than what it...

Deal on bailout may support stocks

NEW YORK (Reuters) - A deal on the proposed $700 billion financial rescue package could lend Wall Street stocks some support this week, but any gains may be fleeting as investors turn their attention back to the struggling...

US Fed, BOE, ECB: Who Will Hike? Who Will Cut?

Written by Terri Belkas, Currency Strategist The US dollar rally has been relentless, with the most recent push fueled by the minutes from the FOMC’s August meeting. Indeed, the Committee specifically stated that their...

GDP Gives A Ray Of Light

Wall Street was given another boost of confidence on Thursday as American gross domestic product figures took a big upward revision. The economy grew at a 3.3% annualized rate in the second quarter, a sharp upward revision...

No New Rate Drop; Updated Kindle On The Way

In Friday's consumer and money headlines, don't expect interest rates to go down anytime soon, and Amazon about to release a new version of its Kindle e-reader. No Interest Rate Drop Soon Don't expect interest rates to go...

Stocks Higher after Durable-Goods Jump

Durable goods orders jumped 1.3% in July, while Fannie and Freddie shares rose. Oil gained as traders watched the path of Gustav in the Gulf of Mexico U.S. stocks remained higher Wednesday in slow pre-Labor Day holiday...

Durables Rule The Day

The U.S. economy managed to beat Wall Street's dour expectations, but that doesn't mean things are going well. On Wednesday the U.S. Commerce Department reported that durable goods orders rose 1.3%, in July, thanks to...

Financials Lead Stocks to a Higher Finish (CNBC)

Wednesday August 27, 4:42 pm ET Welcome to late-August trading. The S&P 500 added 0.8 percent, while the Nasdaq rose 0.9 percent. "It will be interesting to see how the market reacts going into the election," said Tom...

US executives buck gloomy trend and confound experts with bullish outlook

While all eyes have been on the debt-burdened US consumer and the moribund domestic housing market, many American businesses are continuing to operate in a bullish fashion. Figures released yesterday showed durable goods...

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