Tuesday, August 28, 2007
Fed talked about policy response to market turmoil on Aug. 7
DJIA
13,041
-280.28
S&P
1,432
-34.43
NASDAQ
2,500
-60.61
10Yr
4.53%
-0.066
Fed talked about policy response to market turmoil on Aug. 7
WASHINGTON
Federal Reserve policymakers discussed the possible need for "a policy
response" if financial market turmoil continued, according to the
minutes of the Aug. 7 meeting released Tuesday.
Airline Stocks: FAA orders safety checks on Boeing 737s; airline shares
fall
SAN FRANCISCO
Airline stocks closed lower Tuesday, dragged along with the broader
market by negative economic news.
Bond Report: Downbeat data, Fed minutes put pressure on Treasury yields
SAN FRANCISCO
U.S. Treasurys were higher Tuesday, pushing yields lower, after the
release of downbeat economic data and the minutes of the Federal Open
Market Committee's Aug. 7 policy-setting meeting, at which members
remained focused on inflation risks rather than the widening impact of
credit problems.
Economic Report: Consumer confidence falls sharply in August
WASHINGTON
Softening economic conditions and volatility in financial markets led to
a sharp decline in U.S. consumer confidence in August, the Conference
Board said Tuesday, although the fall wasn't as sharp as many expected.
Economic Report: U.S. home prices fall a record 3.2%, Case-Shiller says
WASHINGTON
U.S. home prices fell at a faster rate in the second quarter, down 3.2%
compared with the same period in 2006, Standard & Poor's reported
Tuesday.
