Banking and other financial shares pulled the market lower Thursday as investors worried the Feds plan would hurt the dollar and revive inflation. Energy stocks rose, lifting from soaring crude oil prices.
* Wall Street heads for lower open (Madlen Read)
Investors prepared to sell off again Friday, concerned that the Federal Reserve’s plan to inject more money into the economy is far from a cure and could lead to some damaging consequences.
* World markets mixed on worries about US inflation (Louise Watt)
Stock markets were mixed Friday as investors turned cautious amid worries the U.S. Federal Reserve’s latest move to combat recession in the world’s largest economy will lead to rampant inflation.By noon in mainland Europe, Britain’s FTSE 100 was down 0.4 percent to 3,801.84, France’s CAC 40 fell 0.4 percent to 2,765.47, while Germany’s DAX rose 0.3 percent to 4,053.89.Banking stoc…
WASHINGTON Mortgage rates tumbled to historic lows Thursday after the Federal Reserve’s sudden decision to print $1.2 trillion and pump it into the economy, a move that also triggered warning signs of inflation a weaker dollar and the highest oil prices of the year.
* Wall St. rally fizzles as Fed move assessed (Stephen Bernard)
NEW YORK – Investors doused a two-week-old stock rally yesterday as concerns emerged that the Federal Reserve’s new bond-buying campaign could hurt the dollar and cause inflation.
* Regional mass layoffs decline in February (Kansas City Star)
Employers in Missouri took 38 mass layoff actions in February, causing 3,538 employees to file new claims for unemployment insurance, the U.S. Bureau of Labor Statistics reported Friday.
NEW YORK Investors had a change of heart about the Federal Reserve’s plans to buy Treasury bonds and doused Wall Street’s two-week-old rally.
* Record shop in spin over rate rise (Eastwood & Kimberley Advertiser)
Keith Hudson (69), of Hudsons music and DVD shop, on Market Place, in the town centre, was so horrified he placed Chesterfield Borough Council’s £25,462.50 annual rates demand in his window as a poster.
* Editorial: Don’t meddle with property tax law (Detroit News)
Your home value goes down, but your tax bill goes up. Who wouldn’t get angry when that happens? But the fix offered by the state Senate would erode a homeowner protection that has kept property taxes reasonable in Michigan.
* Wall Street heads for mixed open (Madlen Read)
Stocks headed for a mixed open Friday, with investors concerned that the Federal Reserve’s plan to inject more money into the economy might not be a cure and could lead to some damaging consequences.The worry is that the Fed’s decision to buy Treasury and other securities will weigh on the dollar and stoke inflation. In just two days, the dollar has fallen 5 percent versus the euro and 3…