Global financial stability is improving -- we have begun to turn the corner. But it is too early to declare victory as there is a need to move beyond liquidity dependence -- the central theme of our report -- to overcome the remaining challenges to global stability.
Paul Ryan has issued a new proposal to cut the budget even further, to the point where most unemployment programs will be half the size that they were during the Reagan administration. This is a cruel, counterproductive path we are on, and that is not a statement of mere opinion.
None of this will come easy. But this report lights the way. It should be repeated in city after city, in state after state, so that everyone can see just how Wall Street is impoverishing the richest country on Earth.
Despite Yellen's evident caution and discomfort in expressing any specific quantitative definition of "considerable period," the stock and bond markets chose to take Yellen ultra-literally about the six months and turned suddenly and violently downward.
The moment that the Federal Reserve's FOMC meeting ended, and its comments were released, interest rates rose. Why?
As long as you are dedicated to planning and sticking with a strategy, an adjustable-rate mortgage can be a huge benefit for veterans and military families seeking homeownership.
Homeownership remains cheaper than renting nationally and in all of the 100 largest metro areas. Rising mortgage rates and home prices have narrowed t...
When I was out showing houses on New Year's Day to my long-suffering clients who were outbid close to 10 times, I braced myself for a busy spring. So, uh, where is spring?
Over the first five weeks of 2014, the U.S. stock market declined by roughly 5 percent. Is that a buying opportunity, or the beginning of more serious trouble?
While raising interest rates may dampen falls in a country's currency in the short term, this is not always enough to calm a sell-off and a higher interest rate can hamper growth, squeezing the country further.
While mortgage rates fluctuate daily and the interest rate you'll pay on a home loan depends on multiple factors, most mortgage experts anticipate an increase in average mortgage rates by the end of 2014.
For all the Yellen-watching going on, it is important to remember that the changeover is likely to be pretty subtle, especially at first.
A number of emerging market economies have been on a rollercoaster since the U.S. Federal Reserve announced last May the eventual tapering of its asset purchase program. This is another reminder of how susceptible these economies remain to economic conditions outside their borders.
There was plenty of gloomy economic news throughout the year. Yet, despite all those economic issues, the stock market ended the year at record highs, with the Dow up 25 percent and the S&P 500 up nearly 30 percent.
Investors have responded favorably to the outcome of today's highly-anticipated Federal Reserve policy meeting, and rightly so. Here are four key takeaways that speak to more than this afternoon's impressive market moves; they also shed light on what may be ahead.
On October 19, 1987, the Dow Jones Industrial Average lost 508 points (22 percent). There are many theories as to why the crash occurred, but the simple truth is that the panic stemmed from a sharp rise in interest rates. Likewise, another stock market crash awaits investors on the other side of tapering.