The United Steelworkers Union called for workers to strike at nine refineries mostly in Texas and California early Sunday, saying its negotiations with the Shell Oil Company broke down less than two weeks after they began. (full story)
Hale Stewart - Seeking Alpha - Sun Feb 01, 9:48AM CST
In the rear view mirror, Q4 GDP grew at +2.6% annualized, a deceleration from Q2 and Q3. Monthly December reports reported in the last week included two series showing soaring consumer confidence, improved new home sales, a moderation in the increase... (full story)
Craig Pirrong - Seeking Alpha - Sun Feb 01, 9:04AM CST
On Friday the Central Bank of Russia surprised pretty much everyone by cutting its policy interest rate from 17 percent to 15 percent. Bloomberg lays responsibility at Putin's feet, and no doubt he had to approve. But the evidence the article cites... (full story)
China Stock Research - Seeking Alpha - Sun Feb 01, 8:31AM CST
Official PMI data for January pointed to a contracting manufacturing sector and the non-manufacturing gauge dropping to nearly a 12-month low (official PMI data for manufacturing , non-manufacturing ). Manufacturing PMI slipped beneath 50 to... (full story)
Scott Sumner - Seeking Alpha - Sun Feb 01, 8:30AM CST
A few weeks ago the Swiss National Bank stunned the markets and many economists by letting the SF appreciate by 20% against the euro. On the face of it, this seemed inconsistent with Swiss policy goals (ending deflation.) Switzerland is already in a... (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.