Fitch, Moody’s to Maintain Spain’s Triple-A Rating
Fitch Ratings and Moody's Investors Service moved to dispel market rumors of a possible downgrade for Spain saying they both maintain the maximum triple-A rating on Spain with stable outlooks.
Categories: Real Time Economy Tags: Fitch, market rumors, Spain
Fed’s Bullard Sees Little Risk in Gradually Selling Mortgages
Federal Reserve Bank of St. Louis President James Bullard said the central bank, if it were to start selling mortgage securities later this year, could start the process with "little impact" on markets by using a "reverse taper" approach to slowly unwind its balance sheet.
Categories: Real Time Economy Tags: bank, James Bullard, Louis
Personal Bankruptcies Dip, Still Outpace Last Year
The number of consumer bankruptcies slipped in April compared to the prior month but remains far higher than a year ago.
Categories: Real Time Economy Tags: consumer bankruptcies, number
Data Show Low Inflation, but Deflation Redux Odds Low
Data released over recent days underpins the Federal Reserve's confidence that inflation simply isn't a problem in this economy.
Categories: Real Time Economy Tags: Data, Federal Reserve
Fed Papers Give Favorable Reviews to Emergency-Lending Programs
The Federal Reserve would like to congratulate, well, itself for the effective construction of its emergency liquidity facilities.
Categories: Real Time Economy Tags: Federal, liquidity
Secondary Sources: Fed Limits, China Trade, Consumer Lending
A roundup of economic news from around the Web.
Categories: Real Time Economy Tags: economic news
Americans Retire Later, but Keep Sharp Longer
Workers in the U.S. retire much later than in other countries, but a glance at how 60 to 64 year olds score on memory tests reveals a starkly similar pattern: They do best in the U.S., worse in Germany, worse still in France.
Categories: Real Time Economy Tags: France, Germany, glance, memory tests, U.S.
Laugh Lines: How Fed Officials Yuk it Up
The Fed released transcripts from its 2004 meetings, which mark those moments when Fed officials break out into giggles and laughter as they?re debating the course of interest rates.
Categories: Real Time Economy Tags: fed officials
Number of the Week: $132 Billion of Lost Synthetic Mortgage Bets
The total losses generated by synthetic mezzanine ABS CDOs was $132 billion.
Categories: Real Time Economy Tags: cdos, mezzanine
Q&A: Volcker on Bank Regulations
Former Federal Reserve Chairman Paul Volcker sat down for a conversation with The Wall Street Journal?s Bob Davis, before the controversy over Goldman Sachs dominated the headlines. Here is an edited transcript.
Categories: Real Time Economy Tags: Bob Davis, Chairman Paul Volcker, federal reserve chairman, Former, Wall Street