Topic: Central Banking
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Five signs Americans are forgetting recession's lessons
Declining savings is one of five signs that American households are forgetting the lessons of the Great Recession:
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When dictators fall, so do their banknotes
The following now defunct or possibly soon-to-be defunct banknotes are imbued with the symbols and iconography of their leaders, past and present.
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Debt-ceiling showdown: 4 reasons it's not a replay of 2011
In 2011, Congress and President Obama went to the brink of government default when congressional Republicans balked at raising the nation's debt ceiling. The spring of 2013 appears to have another debt ceiling fight in store. Here are the top four things that have changed.
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Credit card offers: five mysteries explained
Credit-card companies often say you are "pre-approved," "pre-screened," "pre-qualified," or "pre-selected" to receive their credit card. Here is a guide to sorting through credit-card offers:
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Six points where Mitt Romney and his economic advisers are mostly wrong
Mitt Romney’s economic plan is largely based on a whitepaper written by several “heavyweight” economists. The problem is, it's riddled with fundamental flaws. Here are six points where Mitt Romney and his economic advisers are mostly wrong about what ails the American economy and how to fix it.
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Asian markets cheer Spain's plans for reform (+video)
Asian stocks edge up as debt-laden Spain unveils budget plans with sharp cuts in government spending. Euro and Japanese yen climb while dollar falls.
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Stocks snap losing streak
Thursday was the best day for US stocks since Sept. 13, when Federal Reserve Chairman Ben Bernanke announced further steps by the central bank to speed the economic recovery. Stocks were also helped by speculation that the central bank of China will act soon to help the world's No. 2 economy.
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Energy Voices Is the world economy suffering from 'high-priced fuel syndrome'?
The major issue for many countries is that oil is becoming too expensive for the economy to afford, Tverberg writes.
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Latin America Monitor Nicaragua: Central Bank says economy up 30 percent under Sandinistas
Though growth for Central America's smallest economy is good news, some economists say it is still insufficient to reduce poverty in Nicaragua.
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GDP growth revised down to 1.3 percent
GDP growth in the second quarter was even more sluggish than previously reported. Effects of drought on farms was the biggest factor for the GDP revision.
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World markets recover as Spain, Greece brace for austerity
Th mood in the financial markets improved slightly Thursday, though investors remained concerned about violent protests in Greece and Spain over planned austerity measures. Worries that the Spanish government is losing control continued to hurt that country's markets.
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Time to refinance your mortgage? Rates hit historic lows.
Mortgage interest rates are at their lowest point since records have been kept. Last week, some 81 percent of the loans made were refinancings, according to the Mortgage Bankers Association.
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Europe unrest reverberates on Wall Street
A dip in home sales and unrest in Europe sent stocks sliding Wednesday, extending the longest losing streak for the S&P 500 since mid-July. European stocks had their worst day in months as unrest threatened to boil over in Greece.
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Spain's troubles worsen, sparking new phase for euro crisis
Spanish stock prices fall 3 percent Wednesday as Spain's bond rates rise above 6 percent and demonstrators take to the streets to protest anticipated cuts in government spending.
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Oil prices fall as gloomy economic outlook persists
Oil prices fell below $91 per barrel Wednesday amid pessimism about the outlook for economic growth. Oil prices failed to get any lasting boost from high US consumer confidence.
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Will the Occupy movement dissolve Spain's parliament? (+video)
Some 6,000 of protesters gathered outside Spain's parliament in Madrid to protest austerity measures and to call for the ouster of Spain's current government .
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Dow plummets 100 points in stock sell-off
Stocks dropped after Charles Plosser, president of the Fed's Philadelphia branch, told an audience Tuesday that the Fed's effort to support the economy would likely fall short of its goals.
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Stocks waver as confidence falls in Europe
Stocks closed down modestly after opening low and recovering in the afternoon. Stocks had risen strongly in recent weeks as traders anticipated, then received, help from the Federal Reserve.
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Asian stocks, boosted by stimulus, fall on economic outlook
Asian stock markets drift lower as concerns rise about global economic weakness. Stock market optimism over stimulus from Fed and other central banks seems to be fading.
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Gold prices hit high for the year
Gold prices hit $1,790 an ounce in Friday trading, before falling back to $1,778. Gold prices rose on hopes of economic stimulus from a Spanish bailout.
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After Fed rally stocks slip late in day
Most of Friday seemed like another day in the Fed rally until stocks slipped in the late afternoon. Stocks are still much higher than might be expected for such a morose economy.
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Stock markets, US futures steady on hopes Spain asks for aid
As global economy worsens, investors expect Spain to negotiate a bailout, easing fears about a eurozone breakup. Major Asian, European market indexes showed little change, while S&P futures were up modestly.
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Oil prices drop back to reality
Oil prices fall 7 percent since Friday. The drop in oil prices was overdue, analysts say.
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Mortgage rates fall to record low 3.49 percent
Mortgage rates for 15-year agreements fell to a new record low this week, and the average 30-year rate touched its record low. Mortgage rates matched their lowest level since long-term mortgages began in the 1950s.
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China manufacturing slows. Asian stocks fall.
Chinese manufacturing is still contracting, but HSBC flash PMI suggests that the sector is starting to stabilize. Shanghai, Hong Kong, Tokyo, and Australian exchanges all fall after weak Chinese manufacturing data.
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Japan easing boosts Asia's stock, but not Europe's
Japan's central bank boosts bond-buying in an effort to lower interest rates. Japan's Nikkei index jump to a four-month high, but European stocks are unmoved.
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Does uncertainty cost the economy jobs? Fed researchers call it a big problem.
Economists at the Federal Reserve Bank of San Francisco say uncertainty over future taxes and other policies has raised unemployment by one to two percentage points. That's lots of jobs.
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FedEx's weak outlook leaves stocks mixed
Stock prices were mixed Tuesday after FedEx sharply reduced its fiscal-year profit forecast. FedEx's stock fell $2.73, or 3.1 percent, to close at $86.55.
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Spain dithers: Stocks fall, borrowing costs rise
Stock markets fall as investors grow nervous about Spain's delay in asking for a bailout. Spain's bond yields rise, but bond auctions generate strong response.
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Oil prices plunge after last week's bump
Oil prices bobbed above $97 per barrel and then retreated on Tuesday, a day after prices unexpectedly took a plunge. The drop in oil prices erased the gains made last week when the Federal Reserve unveiled new steps to boost the US economy.
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