Tag: Fed

'Wall Street Still on Free Fall, Stocks Down by 3%

Again falling into correction mode, Dow Jones Industrial Average went down over 350 points. The main index in Shanghai fell to 3% in early trading Wednesday according to The New York Times. Foreign investors are now becoming more and more anxious about the strength of the global economy.

'Housing Market is Hot While Rates are Low

Redfin CEO Glenn Kelman says that housing market is hot while the interest rates are low.

'Fed survey: U.S. dealers see more private-label mortgage security demand

Big Wall Street firms have seen demand for private-label mortgage-backed securities pick up over the last few months, according to a survey released by the Federal Reserve on Thursday.
  • 'U.S. banks enjoy 'too-big-to-fail' advantage: Fed study
    A landmark study by Federal Reserve economists found that large U.S. banks enjoy a "too-big-to-fail" advantage in financial markets, joining a heated debate that could influence regulators that are implementing tough new rules for Wall Street.
  • 'Fed may raise interest rate by next spring
    The U.S. Federal Reserve will probably end its massive bond-buying program this fall, and could start raising interest rates around six months later, Fed Chair Janet Yellen said on Wednesday, in a comment which sent stocks and bonds tumbling.
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