Interest Rates
UPDATE 1-U.S. money market assets highest since December -iMoneyNet
Wed, 23 Aug 2017 18:58 GMT
NEW YORK, Aug 23- U.S. money market fund assets grew by $25.44 billion to $2.698 trillion in the week ended Aug. 22 to their highest level in more than eight months, while interest rates offered by these funds held steady on the week, the Money Fund Report said on Wednesday. In the latest week, taxable money market fund assets increased by $25.64 billion to $2.568...
UPDATE 2-Brazil inflation hits fresh 18-year low, fuels rate cut bets
Wed, 23 Aug 2017 18:24 GMT
SAO PAULO, Aug 23- A smaller-than-expected rise in Brazil's consumer prices in mid-August pushed inflation to a new 18- year low, keeping the central bank on track to cut interest rates aggressively. The IPCA-15 consumer price index rose 2.68 percent in the 12 months through mid-August, below the 2.73 percent expected in a Reuters poll and down from 2.78 percent...
Mortgage interest deduction would affect small amount of taxpayers: Yale University's Robert Shiller
Wed, 23 Aug 2017 17:34 GMT
Robert Shiller, Yale University economics professor and Case-Shiller Index co-founder, discusses whether the mortgage interest deduction is at risk for home buyers.
Business events scheduled for Thursday
Wed, 23 Aug 2017 17:24 GMT
WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.. WASHINGTON— Freddie Mac, the mortgage company, releases weekly mortgage rates, 10 a.m.. WASHINGTON— National Association of Realtors releases existing home sales for July, 10 a.m..
UPDATE 1-American Express to pay $96 mln over discriminatory card terms
Wed, 23 Aug 2017 17:05 GMT
WASHINGTON, Aug 23- American Express will end up paying $96 million to credit card customers in Puerto Rico and other U.S. territories for charging higher interest rates and engaging in other discriminatory practices, federal regulators said on Wednesday. The U.S. Consumer Financial Protection Bureau announced that more than 200,000 consumers at two of the...
TREASURIES-Yields fall as Trump signals possible government shutdown
Wed, 23 Aug 2017 13:25 GMT
*Central bankers' Jackson Hole meeting in focus. NEW YORK, Aug 23- U.S. To the extent that equities are reacting to last nights speech you can say thats bleeding now into fixed-income, said Jim Vogel, an interest rate strategist at FTN Financial in Memphis.
UPDATE 1-Brazilian inflation below forecasts, hits fresh 18-year low
Wed, 23 Aug 2017 13:15 GMT
SAO PAULO, Aug 23- A smaller-than-expected rise in Brazil's consumer prices in mid-August pushed annual inflation to a new 18- year low, keeping the central bank on track to cut interest rates aggressively. Slowing inflation in Brazil parallels weakening price pressures in developed economies, where tepid global economic growth has kept central banks on...
Housing growth happening in lower cost areas: KeyBanc's Kenneth Zener
Wed, 23 Aug 2017 11:16 GMT
Kenneth Zener, KeyBanc Capital Markets, weighs in on the health of the housing markets and home builder sentiment.
Weekly mortgage apps fall 0.5%
Wed, 23 Aug 2017 11:14 GMT
CNBC's Diana Olick reports on the Mortgage Bankers Association's latest data on home financing.
CEE MARKETS-Forint tests 27-month high
Wed, 23 Aug 2017 09:55 GMT
BUDAPEST, Aug 23- Hungary's forint tested 27- month highs against the euro on Wednesday after Central Europe's most dovish central bank made no attempt to talk it down after its meeting on Tuesday. More than five years since the previous central bank rate increase within the European Union, the Czech central bank this month lifted its record-low main rate.
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