The PCE inflation data was released Monday, and I have been seeing commentary on the relative strength of the core-inflation numbers. This, for example, from the Wall Street Journal : A key gauge of U.S. consumer prices sank in January due partly... (full story)
NEW YORK (AP) — New York City lawmakers are taking a hard look at the quality of health care inmates receive at the Rikers Island jail complex and whether the city should renew a $126.6 million contract with a private health provider. (full story)
In two recent posts, Martin Feldstein and Andrew Sentance (former member of the Bank of England monetary policy committee) criticize the recent actions of central banks to bring inflation back to its 2% target. Andrew Sentance clearly misses the... (full story)
By SCOTT BAUER and DANA FERGUSON - AP - Mon Mar 02, 10:03PM CST
MADISON, Wis. (AP) — Electricians, pipe fitters, carpenters and other union members opposed to making Wisconsin the 25th right-to-work state dominated more than 11 hours of testimony Monday on a fast-tracked proposal expected to pass the Legislature later in the week and be signed into law by Gov. Scott Walker. (full story)
(1) Treasury Yields - The interest rate that the U.S. Treasury pays to borrow money.
(2) Bank Rates - The federal funds rate is the rate that banks pay to borrow reserves from each other in the interbank market. The prime rate is the rate that banks charge for loans to their best customers.
(3) The interest rate swap rate represents the fixed rate paid on a rate swap to receive payments based on a floating rate. Our Dollar Interest Rate Swaps page shows 1-, 5-, 10-, and 30-year rate swap charts, as well as historical rate swap data tables.
(4) Mortgage Rates - Mortgage rates are the rates that banks charge for loans to homeowners with the home used as collateral for the loan. Fixed-rate mortgage rates are fixed over the term of the loan whereas adjustable-rate mortgages (ARMs) vary over the term of the loan.