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Interest Rate
LARRY DeBOER: Looking over the fiscal cliff
Economics is not an experimental science. We can't say to Congress, "Honorable ladies and gentlemen, please drastically raise taxes and cut spending all at once so we can measure the effects on the economy of changes in the federal government's budget." This is not what elected officials do.
LARRY DeBOER: This economic recovery isn't like the last Great Recession
What's wrong with the recovery? It's been almost two years since the end of the Great Recession in July 2009. The recession ended in the sense that the economy stopped declining and started growing. But growth has been very slow.
What to know as fixed-loan rates start to tick upward again
Mortgage interest rates played an enticing game of "how low can you go" limbo late last year, with fixed-rate 30-year mortgages averaging a historic low of 4.17 percent the week of November 11. But they've since crept up, recently eclipsing 5 percent, according to the most recent weekly nati…
Fed cuts key interest rate
WASHINGTON | The Federal Reserve cut a key interest rate for the first time in four years, seeking with an aggressive half-point move to prevent a steep housing slump and turbulent financial markets from triggering a recession.
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