9Jan/10
Steel Stocks Hit 52-Week Highs
At the Dec. 15-16 meeting where FOMC members ruled to keep interest rates at near-zero levels for an extended period, the minutes revealed differing views among officials concerning inflation risks. While members agreed that lower labor and marginal costs had kept inflation in check, some expressed concern that rising commodity prices could lift inflation pressures.
The [...]
27Dec/09
U.S. lifts $400 billion cap for Fannie, Freddie
WASHINGTON – The government has handed its ATM card to beleaguered mortgage giants Fannie Mae and Freddie Mac.
The Treasury Department said Thursday it removed the $400 billion financial cap on the money it will provide to keep the companies afloat. Already, taxpayers have shelled out $111 billion to the pair, and a senior Treasury official [...]