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A string of interest rate increases has put pressure on bank profit margins.
Housing construction fell to its lowest level in more than two years last month, responding to the Federal Reserve's string of interest rate increases, government figures showed today.
Sales of big-ticket items that are sensitive to the cost of credit, like furniture, continued to lead the expansion, despite a recent string of interest rate increases.
An important measure of future economic activity fell slightly in May, the latest indication that a string of interest rate increases has slowed the economy.
The dollar rose for the second consecutive day, regaining ground from its record low against the euro on Tuesday amid rising expectations that the Federal Reserve would pause in its string of interest rate reductions after its meeting next Wednesday.
But the bank also lowered its inflation forecast for 2006 to 3.8percentt, from 4percentt, saying that the recent string of interest rate increases had slowed the economy and curbed long-term inflation expectations.
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A string of interest-rate rises and increases in banks' reserve requirements have had little effect so far.
Treasuries Drop By Bloomberg News Treasury bond prices fell yesterday after a Federal Reserve report citing higher labor costs spurred concern that the central bank's string of interest-rate increases had not done enough to slow growth to a pace that would not lead to faster inflation.
Advanced notice of interest rate adjustments.
"I'm still looking at the market half full, from the perspective of an investible case for 2002," says Hyman, noting the Fed string of six interest rate cuts, and stocks included in the S&P 400 and S&P 600 that have felt the wrath of tech's demise.
A string of scandals, from JPMorgan's $6.2 billion trading loss in 2012 to the fiddling of interest rates and currency markets, will have done little to reassure them.
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