The Federal Reserve will issue a statement around 2:15 P.M. EST on Wednesday that will coincide with the end of their two-day meeting to discuss the deepening year-long recession.
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There’s a long standing belief that the economy and real estate markets in ski resort areas such as Aspen and Steamboat Springs Colorado don’t get hit as hard as the rest of the country and tend to bounce back more quickly.
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On Friday 1st Contennial Bank in California became the third U.S. bank to fail this year. The Banks $676.9 million in deposits will be assumed by First California Bank.
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After 11 weeks of consistent interest rates drop mortgage rates are back up over 5%.
New data released today showed that new home construction dropped to a record low in December.
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Vice Chairman Donald L Kohn spoke today at the University of North Carolina at Wilmington about the US economy and Monetary Policy.
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Randall Kroszner spoke today at the Global Association of Risk Management Professional’s annual risk convention in New York.
Govenor Frederic Mishkin spoke today at the East Carolina University about inflation and our economy.
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As troubled bond insurers like MBIA and Ambac fight to maintain their triple-A ratings, officials at these firms are pondering how their businesses might look if they do indeed get downgraded.
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Govenor Frederic Mishkin spoke today at the Tuck Global Capital Markets Conference regarding recent financial disruptions.
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