WASHINGTON (AP) — Unemployment rates fell in 23 U.S. states last month and rose in 12 as employers pulled back on hiring and a slowdown in oil and gas drilling caused big job losses in some states. (full story)
WASHINGTON (AP) — America's foremost labor federation is asking Congress to block the "fast track" authority that President Barack Obama seeks to advance trade deals being negotiated with numerous nations. (full story)
Here's Paul Krugman on a recent IMF report, which says that government deficits don't necessarily "crowd out" private investment: The false belief is that government deficits necessarily "crowd out" investment, so that... (full story)
Economists are forecasting 7% growth in China for this year, according to the Bloomberg consensus median, in line with government targets. Although it is lower than the historical growth trend of China, any country (U.S. included) in the world right... (full story)
Markets are on edge waiting for the Fed to raise rates. Conventional wisdom holds that the Fed's easy money policies have inflated a stock market bubble. When they take away the punch bowl of low interest rates, the stock market will crash correct to... (full story)
(1) Treasury Yields - The interest rate that the U.S. Treasury pays to borrow money.
(2) Bank Rates - The federal funds rate is the rate that banks pay to borrow reserves from each other in the interbank market. The prime rate is the rate that banks charge for loans to their best customers.
(3) The interest rate swap rate represents the fixed rate paid on a rate swap to receive payments based on a floating rate. Our Dollar Interest Rate Swaps page shows 1-, 5-, 10-, and 30-year rate swap charts, as well as historical rate swap data tables.
(4) Mortgage Rates - Mortgage rates are the rates that banks charge for loans to homeowners with the home used as collateral for the loan. Fixed-rate mortgage rates are fixed over the term of the loan whereas adjustable-rate mortgages (ARMs) vary over the term of the loan.