Stock futures point to lower open as dollar rises
AP - 15 minutes agoStock futures are slightly lower and the dollar is rising Monday as investors bet that the Federal Reserve may raise interest rates sooner than expected.
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Stock futures are slightly lower and the dollar is rising Monday as investors bet that the Federal Reserve may raise interest rates sooner than expected.
Dollar falls after rally on jobs data, but supported by speculation that the Fed may raise interest rates sooner than expected.
New estimates, of a loss of $42 billion out of $370 billion lent, could lower the administration’s deficit forecast.
Consumers likely borrowed less for a record ninth straight month in October as households faced tight credit conditions and unemployment that hit a 26-year high. A further decline in borrowing would be more evidence of weak consumer spending, making it harder for the economy to mount a sustained rebound.
Crude dips near $75 as strengthening dollar hits a 5-week high and European stocks turn lower.
Dec. 7 (Bloomberg) -- Treasuries advanced, snapping four days of losses, on speculation Federal Reserve Chairman Ben S. Bernanke will try to damp optimism about the strength of the economic recovery.
LONDON -- European stock markets fell Monday as the dollar jumped to a five week high against the euro amid improved expectations about the pace of recovery in the world's largest economy.
Dec. 7 (Bloomberg) -- Crude oil dropped for a fourth day as European equity markets declined amid concern the U.S. Federal Reserve may start raising interest rates.
Asian markets were mixed Monday, with a weaker yen lifting Japanese stocks to a six-week high, while a drop in the U.S. unemployment rate failed to spur buying in a region that has rallied massively this year. European shares were lower.
AP Specialist Gregg Reilly works on the floor of the New York Stock Exchange. NEW YORK -- U.S. stock futures are slightly lower and the dollar is rising today as investors bet that the Federal Reserve may raise interest rates sooner than expected.
Sweeping regulations to tame Wall Street and protect consumers in dealings with lenders are on the verge of passing the House but their fate is hardly sealed.
Dec. 7 (Bloomberg) -- The U.S. Congress wants to ride herd over the Federal Reserve. It wants the power to scrutinize the Fed’s interest-rate decisions. It wants to look into how the Fed decides to lend to individual banks.
The jobs crisis demands drastic government action.
(Corrects first paragraph to show dollar rose to highest level in a month against the euro.)
New entities should focus on bank regulation, consumer protections.
Never mind that Fed averted depression. Congress wants to meddle.