What Congress has in store for the Federal Reserve
CNNMoney.com - Mon Nov 23, 8:23 am ETMore than a year after the financial meltdown of 2008, Congress is moving forward on plans to drastically curtail the power of the Federal Reserve.
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CMBS Downgrades Are Likely to Continue, Moody’s Says (Update1)
Bloomberg - 4 minutes agoNov. 23 (Bloomberg) -- U.S. commercial real estate values have further to fall, leading to probable downgrades of subordinate commercial mortgage backed securities sold from 2006 to 2008, Moody’s Investors Service said. Ratings on the most senior bonds are likely to remain at current levels.
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U.S. Stocks Rise as Home Sales Beat Forecasts, Commodities Gain
Bloomberg - 13 minutes agoExxon Mobil Corp. and Chevron Corp. advanced with oil, while Schlumberger Ltd. rose 3.6 percent as Credit Suisse Group AG recommended shares of the world’s largest oilfield-services provider.
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Wheat Gains as Weaker Dollar May Boost Investments, Exports
Bloomberg - 21 minutes agoNov. 23 (Bloomberg) -- Wheat rose for the first time in four sessions on speculation that a weaker dollar will boost the appeal of commodities as a hedge against inflation and improve U.S. export sales.
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Cotton Rises to 16-Month High on Dollar; Orange Juice Gains
Bloomberg - 21 minutes agoNov. 23 (Bloomberg) -- Cotton rose to a 16-month high as prospects for demand were boosted by the dollar’s decline and as no one posted notices for delivery against the December contract. Orange juice gained.
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BofA May Name Stopgap Chief If Board Needs More Time (Update1)
Bloomberg - 30 minutes agoNov. 23 (Bloomberg) -- Bank of America Corp. ’s board may extend its search for a permanent new chief executive officer into 2010 if directors can’t settle on a candidate in the next three days, according to people familiar with the matter.
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Dollar, Yen Fall as U.S. Housing Gain Spurs Demand for Risk
Bloomberg - 30 minutes agoNov. 23 (Bloomberg) -- The dollar and yen dropped against all of the other major currencies as sales of existing U.S. homes rose to the highest level since February 2007, increasing demand for higher-yielding assets.
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Stocks, Commodities Gain on Growth Outlook; Dollar, Yen Decline
Bloomberg - 45 minutes agoNov. 23 (Bloomberg) -- Stocks rose around the world, commodities advanced and the dollar and the yen fell as sales of U.S. homes increased more than forecast and speculation grew that central banks will keep interest rates near record lows.
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U.S. Economy: Existing Home Sales Jump 10% as Prices Decline
Bloomberg - 46 minutes agoNov. 23 (Bloomberg) -- Sales of existing U.S. homes jumped 10 percent in October to the highest level since February 2007 as Americans rushed to take advantage of a tax credit, cheaper properties and lower mortgage rates.
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Ortiz May Keep Mexico Rate at 4.5%, Could Leave Bank (Update1)
Bloomberg - 55 minutes agoNov. 23 (Bloomberg) -- Banco de Mexico Governor Guillermo Ortiz will probably keep the benchmark interest rate unchanged this week as investors speculate President Felipe Calderon will replace the region’s longest-serving central bank chief.
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Wave of Debt Payments Facing U.S. Government
New York Times - Mon Nov 23, 1:21 am ETThe ultralow interest rates the U.S. has been paying on its colossal debt may not last much longer as the government faces payment shock down the road.
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UPI NewsTrack Business
UPI - 1 hour 6 minutes agoMarkets put on early charge Monday ... U.S. debt burden to escalate ... War games push crude oil prices ... Crosswinds builder caught in crossfire ... News from United Press International.
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MARKET SNAPSHOT: U.S. Stocks Open Sharply Higher, Paced By Energy
Nasdaq - Mon Nov 23, 10:02 am ETU.S. stocks leaped early Monday, as gains in commodities boosted the energy and materials sectors, and the dollar fell after a Federal Reserve member said the U.S. should continue buying mortgage-backed securities past the first quarter of 2010.
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Caterpillar Beating Komatsu as Dow Soars on Dollar (Update2)
Bloomberg - 1 hour 15 minutes agoNov. 23 (Bloomberg) -- For the first time since the equity rally began in March, the biggest U.S. stocks are beating the smallest as the dollar’s descent sends investors to companies with the most business in international markets.
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Treasury Sells $61 Billion In Short-term Bills
Fox News - 1 hour 17 minutes agoTreasury Sells $61 Billion In Short-term Bills
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Coffee Futures Rise as Dollar Declines; Cocoa Prices Advance
Bloomberg - 1 hour 20 minutes agoNov. 23 (Bloomberg) -- Coffee prices rose for the first time in three sessions as a slumping dollar increased the appeal of commodities and on speculation that low prices may be discouraging producers from selling. Cocoa also gained.
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Paul: Audit the Fed
CNBC - Mon Nov 23, 9:55 am ET -
Fed Downplaying Weak Dollar
CNBC - Thu Nov 19, 8:46 am ET -
Sen.Gregg knocks curbs on Fed role
Reuters - Wed Nov 18, 7:51 pm ET -
Bernanke at Econ Club of NY
CNBC - Mon Nov 16, 1:55 pm ET -
Geithner Testifies Before Joint Economic Cttee
CNBC - Thu Nov 19, 11:03 am ET -
Will Bernanke Buoy the Buck?
CNBC - Mon Nov 16, 9:55 am ET
Bankrate.com: Fed Outlook Blog
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Another jobless recovery?
Wed Jul 22, 12:00 am EDT -
Mortgage modification the key?
Thu Jul 16, 12:00 am EDT -
What can the Fed do about mortgage rates?
Wed Jun 24, 12:00 am EDT
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Payback Time: Wave of Debt Payments Facing U.S. Government
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