International Business News - Fed http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif The country slogged through slower economic growth and rising prices during the summer, packing a double whammy to people and businesses alike. The Fed's new snapshot of business conditions, released Wednesday, also underscored the challenges confronting Federal Reserve Chairman Ben Bernanke and his colleagues as they try to get the economy back on track. http://www.ibtimes.com/data/articleimgs/96396-bernanke-disclosure.jpg http://www.ibtimes.com/articles/20080723/fed-slower-growth-rising-prices-wham-economy.htm http://www.ibtimes.com/articles/20080723/fed-slower-growth-rising-prices-wham-economy.htm Wed, 23 Jul 2008 15:38:45 EDT To fend off inflation, the Federal Reserve probably will need to boost interest rates "sooner rather than later" even if employment and financial conditions haven't revived, the president of the Federal Reserve Bank of Philadelphia said Tuesday. http://www.ibtimes.com/articles/20080722/plosser-rates-may-have-to-go-up-sooner-vs-later.htm Tue, 22 Jul 2008 09:20:46 EDT Wall Street firms and banks stepped up their borrowing over the past week from the Federal Reserve's emergency lending program. A Fed report released Thursday said the investment firms averaged $9 million in daily borrowing over the past week. Investment firms didn't draw such loans in the prior week. Such borrowing rose as high as $38.1 billion in early April. http://www.ibtimes.com/articles/20080717/investment-firms-banks-step-up-fed-loans.htm Thu, 17 Jul 2008 17:11:02 EDT Wall Street economists expect the Philadelphia Federal Reserve Bank's July manufacturing index to show declining economic activity for the eighth consecutive month. http://www.ibtimes.com/articles/20080717/ahead-of-the-bell-philly-fed-index.htm Thu, 17 Jul 2008 05:52:01 EDT Worried about rising inflation, Federal Reserve officials at their meeting in June thought the Fed's next move on interest rates was likely to be up. Documents, released Wednesday, provided insights into the Fed's thinking at the June 24-25 session, when they ended a nearly yearlong string of rate reductions, aimed at bolstering a teetering economy. At that time, Fed Chairman Ben Bernanke and his colleagues were increasingly concerned that galloping energy and food prices could spread inflation through the economy, so they left the Fed's key rate at 2 percent. http://www.ibtimes.com/articles/20080716/fed-members-thought-next-rate-move-would-be-up.htm Wed, 16 Jul 2008 15:00:01 EDT Wall Street economists expect the New York Federal Reserve's July manufacturing index to show declining economic activity for the third consecutive month. http://www.ibtimes.com/articles/20080715/ahead-of-the-bell-new-york-fed-index.htm Tue, 15 Jul 2008 05:51:44 EDT For Roxanna Evans, the Federal Reserve's new rules to crack down on abusive lending practices, approved Monday, came too late. Evans is facing foreclosure on a home she bought in Ohio several years ago but moved out after finding it was in a neighborhood where drugs and prostitution were rampant. http://www.ibtimes.com/data/articleimgs/91398-fed-mortgage-crisis.jpg http://www.ibtimes.com/articles/20080714/fed-to-curb-shady-mortgage-practices.htm http://www.ibtimes.com/articles/20080714/fed-to-curb-shady-mortgage-practices.htm Mon, 14 Jul 2008 23:27:33 EDT The Federal Reserve Monday adopted new rules to crack down on dubious home-lending practices. Here's a run down of some of the provisions. http://www.ibtimes.com/articles/20080714/feds-plan-to-curb-shady-mortgage-practices.htm Mon, 14 Jul 2008 18:12:20 EDT The bank executives who promised months ago that the worst of the financial crisis had passed are looking less and less credible to investors. And that could pose a problem as the industry releases what are expected to be dismal second-quarter earnings over the next few weeks. http://www.ibtimes.com/articles/20080714/after-indymacs-failure-which-bank-could-be-next.htm Mon, 14 Jul 2008 16:46:31 EDT Several regional bank stocks were among the biggest decliners on the New York Stock Exchange Monday as investors worried about the prospect of more bank failures after the government's takeover of IndyMac Bancorp Inc. http://www.ibtimes.com/articles/20080714/sector-snap-regional-bank-shares-tumble.htm Mon, 14 Jul 2008 15:04:06 EDT Several regional bank stocks were among the biggest decliners on the New York Stock Exchange Monday as investors worried about the prospect of more bank failures after the government's takeover of IndyMac Bancorp Inc. http://www.ibtimes.com/articles/20080714/sector-snap-regional-bank-shares-tumble.htm Mon, 14 Jul 2008 13:31:45 EDT For Roxanna Evans, the Fed's new rules to crack down on abusive lending practices, approved Monday, came too late. Evans is facing foreclosure on a home she bought in Ohio several years ago but moved out after finding it was in a neighborhood where drugs and prostitution were rampant. http://www.ibtimes.com/data/articleimgs/91396-fed-mortgage-crisis.jpg http://www.ibtimes.com/articles/20080714/fed-poised-to-curb-shady-home-lending-practices.htm http://www.ibtimes.com/articles/20080714/fed-poised-to-curb-shady-home-lending-practices.htm Mon, 14 Jul 2008 22:33:22 EDT Confronted by record foreclosures, the Federal Reserve is ready to give home buyers more protection from the types of shady lending practices that have contributed to the housing crisis. http://www.ibtimes.com/data/articleimgs/90821-fed-mortgage-crisis.jpg http://www.ibtimes.com/articles/20080713/fed-poised-to-curb-shady-home-lending-practices.htm http://www.ibtimes.com/articles/20080713/fed-poised-to-curb-shady-home-lending-practices.htm Sun, 13 Jul 2008 16:07:12 EDT In a sign of some improvement in the credit crisis, Wall Street firms for the first time didn't borrow from the Federal Reserve's emergency lending program and commercial banks also scaled back. http://www.ibtimes.com/data/articleimgs/89347-fed-credit-crisis.jpg http://www.ibtimes.com/articles/20080710/investment-firms-didnt-draw-emergency-fed-loans.htm http://www.ibtimes.com/articles/20080710/investment-firms-didnt-draw-emergency-fed-loans.htm Thu, 10 Jul 2008 17:46:48 EDT Ruby Tuesday Inc. took the biggest midday gain on the Standard & Poor's SmallCap 600 Index Thursday after the restaurant operator posted a quarterly profit that beat Wall Street estimates, helping pull the index higher. http://www.ibtimes.com/articles/20080710/s-p-smallcap-600-in-focus-rt-colb.htm Thu, 10 Jul 2008 12:54:03 EDT Ruby Tuesday Inc. took the biggest midday gain on the Standard & Poor's SmallCap 600 Index Thursday after the restaurant operator posted a quarterly profit that beat Wall Street estimates, helping tug the index higher. http://www.ibtimes.com/articles/20080710/s-p-smallcap-600-in-focus-rt-colb.htm Thu, 10 Jul 2008 12:52:26 EDT The Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practices, its most sweeping response to a housing crisis that has propelled foreclosures to record highs. http://www.ibtimes.com/data/articleimgs/88369-fed-credit-crisis.jpg http://www.ibtimes.com/articles/20080709/fed-to-curb-shady-home-lending-practices.htm http://www.ibtimes.com/articles/20080709/fed-to-curb-shady-home-lending-practices.htm Wed, 09 Jul 2008 04:22:28 EDT Federal Reserve chief Ben Bernanke said the Fed is considering extending emergency loans to investment banks into next year in the light of current market instability, while noting the need for a stronger investment bank regulator. http://www.ibtimes.com/data/articleimgs/88019-.jpg http://www.ibtimes.com/articles/20080708/fed-mulls-more-help-for-investment-banks-stronger-oversight.htm http://www.ibtimes.com/articles/20080708/fed-mulls-more-help-for-investment-banks-stronger-oversight.htm Tue, 08 Jul 2008 13:28:24 EDT The Federal Reserve should consider raising short-term interest rates in order to combat "unacceptably high" inflation, Richmond Federal Reserve President Jeffrey Lacker said Tuesday. http://www.ibtimes.com/articles/20080708/fed-president-inflation-is-unacceptably-high.htm Tue, 08 Jul 2008 15:06:18 EDT The Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practices, its most sweeping response to a housing crisis that has propelled foreclosures to record highs. http://www.ibtimes.com/data/articleimgs/88016-bernanke.jpg http://www.ibtimes.com/articles/20080708/fed-eyes-extending-emergency-loans-for-wall-street.htm http://www.ibtimes.com/articles/20080708/fed-eyes-extending-emergency-loans-for-wall-street.htm Tue, 08 Jul 2008 21:23:44 EDT