Fed Expected to Maintain Current Interest Rate
The US Federal Reserve is expected to hold the line on interest rates with no increase expected in the record low bank lending target rate of zero to 0.25 percent. More
Freddie Mac Declares Profit
Freddie Mac – the second largest provider of US home mortgages – declared its first profit in two years, reporting a net income of $768 million compared to a $9.9 billion loss in the first quarter and a $821 million deficit in the period a year ago. More
Oil Falls Below $71 in Europe
Oil fell to $70.51 by mid-day trading in Europe today as investors wait for the latest US consumer spending news. More
Peso Gains on Rating Outlook
Mexico’s peso gained for the fourth day after Moody’s Investor Services affirmed Mexico’s credit rating and stable outlook. The peso rose 0.3 percent to 12.9217 per U.S. dollar at 8:58 a.m. New York time, from 12.9539 on Aug. 7. More
