Sign in to comment!

Menu
Home

Economy

IMF sees higher deflation risk; Fed mulls more aid

The risk of a destabilizing bout of deflation has grown as the United States and other countries struggle with weak economic recoveries and lingering financial problems.

That assessment, contained in a new International Monetary Fund report, comes as the Federal Reserve gears up to pump more money into the U.S. economy to strengthen the recovery and nip any deflationary forces from taking hold. Japan flooded its stagnant economy with money Tuesday in a bid to fight deflation.

Deflation is a widespread drop in prices of goods and services, in the value of homes and stocks, and in wages. It crimps spending by people and businesses and makes it harder for them to pay down debts. All that hurts the economy.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.17% dw 4.18%  
15 Y Fixed Graph 3.19% -- 3.19%  
30 Y Fixed Jumbo Graph 4.35% -- 4.35%  
5/1 ARM Graph 3.25% up 3.16%  
5/1 Jumbo ARM Graph 3.61% up 3.45%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.41% dw 4.52%  
$50K HELOC Graph 4.06% dw 4.09%  
$30K Loan Graph 5.08% up 5.07%  
$50K Loan Graph 4.55% dw 4.56%  
$75K Loan Graph 4.55% dw 4.56%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 3.06% -- 3.06%  
36 M Used Graph 3.29% -- 3.29%  
48 M New Graph 3.05% up 2.96%  
48 M Used Graph 2.96% -- 2.96%  
60 M New Graph 3.22% -- 3.22%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.37% up 0.36%  
1 yr Graph 0.60% -- 0.59%  
5 yr Graph 1.45% -- 1.45%