Stories tagged: interest rates
FRIDAY, JAN. 13, 2017, 2 P.M.
Profits at big banks surged last year as ‘Trump rally’ boosts bottom line
Profits at JPMorgan Chase and Bank of America surged last year, the banks said Friday as the industry receives a boost from a stock market rally that accelerated after the …
WEDNESDAY, JAN. 4, 2017, 12:10 P.M.
Fed officials endorse gradual rate hikes as upside risks debated
Federal Reserve officials focused on the impact of potential fiscal stimulus during their December policy meeting, with many starting to worry that the central bank might eventually be forced to …
THURSDAY, DEC. 15, 2016, 10:25 A.M.
Dollar rises to 13-year high as U.S. stocks rebound, gold sinks
The dollar climbed to the highest level since 2003 against the euro and gold plunged as the prospect of a steeper path for U.S. interest rates filtered through markets. U.S. …
WEDNESDAY, DEC. 14, 2016, 12:05 P.M.
What a Fed rate hike means for your personal finances
Maybe this time higher interest rates actually mean higher interest rates. A year ago, the Federal Reserve lifted the key U.S. interest rate for the first time in more than …
WEDNESDAY, DEC. 14, 2016, 11:37 A.M.
Fed raises key interest rate and foresees 3 hikes in 2017
WASHINGTON – The Federal Reserve has raised a key interest rate in response to a solid U.S. economy and expectations of higher inflation, and it foresees three rate hikes in …
MONDAY, DEC. 12, 2016, 9:50 A.M.
With Fed expected to hike rates, attention turns to what it says
There isn’t much doubt about what the Federal Reserve will do when its latest policy meeting ends Wednesday: It’s all but certain to raise its benchmark interest rate – its …
TUESDAY, NOV. 22, 2016, 8 A.M.
U.S. home sales reach strongest pace in nearly a decade
Americans bought homes in October at the fastest pace in nearly decade, helped out by low mortgage rates that have since started to climb following the presidential election of Donald …
MONDAY, NOV. 21, 2016, 1:34 P.M.
U.S. stock indexes set records as oil prices jump
A jump in oil prices helped pull U.S. stocks to record highs Monday as investors continue to hope for a cut in oil production that could help prices go higher. …
THURSDAY, NOV. 17, 2016, 4:01 P.M.
Yellen says she isn’t going anywhere when Trump takes office
Federal Reserve Chair Janet Yellen appears unruffled by incoming President Donald Trump’s victory last week.
THURSDAY, NOV. 17, 2016, 10:36 A.M.
Fed boss Yellen: The ‘case for an increase’ in rates has strengthened
Federal Reserve Chair Janet Yellen sketched a picture Thursday of an improving U.S. economy and said “the case for an increase” in interest rates has strengthened. The Fed is widely …
THURSDAY, NOV. 17, 2016, 7:28 A.M.
30-year mortgage rate jumps to 3.94 percent
Long-term U.S. mortgage rates climbed this week, reflecting deep declines in U.S. government bond prices in the days after Donald Trump’s election victory.
WEDNESDAY, NOV. 16, 2016, 2:56 P.M.
Fed rate-hike odds approach 100 percent in Anticipation of Trump
Analysts spent early November warning a Trump victory in the U.S. presidential election would make the Federal Reserve less likely to raise interest rates. What happened instead is that it …
FRIDAY, NOV. 11, 2016, 10:02 A.M.
Bonds plunge by $1 trillion this week as Trump seen as game changer
More than $1 trillion was wiped off the value of bonds around the world this week as U.S. President-elect Donald Trump’s policies are seen boosting spending and quickening inflation.
THURSDAY, NOV. 10, 2016, 9:33 A.M.
Average 30-year mortgage rate rises to 3.57 percent
Long-term U.S. mortgage rates rose this week for a second straight week.
MONDAY, NOV. 7, 2016, 1:42 P.M.
U.S. consumer borrowing rose in September
American consumers boosted their borrowing in September, a potential sign that recent job growth and wage gains have left them slightly more comfortable with holding debt.
WEDNESDAY, NOV. 2, 2016, 1:50 P.M.
Stocks struggle again as investors eye 2016 election
Stocks retreated for a seventh consecutive day on Wednesday, the market’s longest decline in five years, as investor worries about the U.S. presidential election continued to weigh on the market.
WEDNESDAY, NOV. 2, 2016, 11:13 A.M.
Federal Reserve hints at December interest rate increase, votes to keep status quo for now
The Federal Reserve on Wednesday subtly hinted that it could be ready to raise its influential interest rate in December amid steady improvement in the job market and solid economic …
MONDAY, OCT. 31, 2016, 11:35 A.M.
Three reasons the Fed will likely leave rates alone this week
Six days before Americans choose a new president and Congress, the Federal Reserve is expected Wednesday to leave its benchmark interest rate alone but possibly signal that it expects to …
WEDNESDAY, SEPT. 21, 2016, 3:19 P.M.
Stocks jump after Fed leaves interest rates unchanged
U.S. stocks climbed Wednesday as investors were relieved that the Federal Reserve once again left interest rates unchanged. That sent dividend-paying stocks higher, while energy companies jumped with the price …
WEDNESDAY, SEPT. 21, 2016, 11:26 A.M.
Fed keeps key rate unchanged but hints of coming hike
The Federal Reserve is keeping a key interest rate unchanged but sending a strong signal that it will likely boost rates before the end of the year.
TUESDAY, SEPT. 20, 2016
Robert J. Samuelson: The old Fed is dead
Central banks aren’t as influential as we supposed. Low interest rates – a product of both policy and wider economic forces – haven’t had the expected rejuvenating effect.
THURSDAY, SEPT. 15, 2016, 3:28 P.M.
A flurry of tepid economic data could lead Fed to delay hike
U.S. factory output fell, consumers cut back at retailers and wholesale prices went nowhere in August, the latest evidence of a less-than-robust economy. The weak numbers could give the Federal …
THURSDAY, SEPT. 15, 2016, 2:09 P.M.
Stocks jump as Apple pulls tech companies up again
U.S. stocks changed course again Thursday and climbed as Apple led a big gain for technology companies and energy companies recovered some of their recent losses. Investors looked over a …
THURSDAY, SEPT. 15, 2016, 10:36 A.M.
Average 30-year mortgage rate jumps to 3.50 percent
Long-term U.S. mortgage rates rose this week, with the benchmark 30-year loan reaching its highest level since June. Rates remain at historically low levels, however.
MONDAY, SEPT. 12, 2016, 11:55 A.M.
Move cautiously before hiking interest rates, Fed offical says
Federal Reserve board member Lael Brainard indicated Monday that she’s in no hurry to raise interest rates again, comments that were greeted with relief on Wall Street.
FRIDAY, SEPT. 9, 2016, 3:49 P.M.
U.S. stocks slide the most since Brexit amid rate speculation
U.S. stocks fell in the worst selloff since Britain voted to leave the European Union, with the Dow Jones Industrial Average falling almost 400 points after a Federal Reserve official …
FRIDAY, SEPT. 2, 2016, 12:55 P.M.
Slower hiring in August signals Fed rate hike less likely
After two months of blockbuster gains, U.S. employers slowed their hiring in August to a modest increase of 151,000, reducing the likelihood that the Federal Reserve will raise interest rates …
THURSDAY, SEPT. 1, 2016, 10:02 A.M.
Average 30-year mortgage rate rises to 3.46 percent
Long-term U.S. mortgage rates rose this week amid expectations in financial markets that an increase in interest rates by the Federal Reserve may be on the horizon. Mortgage rates remain …
FRIDAY, AUG. 26, 2016, 12:09 P.M.
Case for interest rate hike ‘has strengthened in recent months,’ Fed chair says
Federal Reserve Chair Janet Yellen signaled Friday that an increase in a key interest rate was on the table at the central bank’s next meeting in September but that a …
WEDNESDAY, AUG. 17, 2016, 12:07 P.M.
Fed minutes: Conditions could ‘soon warrant’ a rate hike
Federal Reserve officials believed last month that near-term risks to the U.S. economy had subsided and that an interest rate increase could soon be warranted. But they did not indicate …