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Spokane, Washington  Est. May 19, 1883
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Fed finally lifts key interest rate from near zero

The latest on the Federal Reserve’s landmark two-day policy meeting which ends Wednesday. The central bank is expected to raise interest rates for the first time in nearly a decade. All times local.

Fed keeps interest rates at record low

The Federal Reserve is keeping U.S. interest rates at record lows in the face of persistent threats from a weak international economy and excessively low inflation.

China stocks jump, other world markets await Fed minutes

LONDON – Pent-up investor demand fueled a jump in Shanghai stocks after Chinese markets reopened Thursday following an extended holiday but other world bourses were lackluster ahead of the release of minutes from the U.S. Federal Reserve’s latest policy meeting.

Jim Kershner’s this day in history

From our archives, 100 years ago Spokane police caused a scene of panic when they raided a Chinese and Japanese gambling house in Spokane’s Chinatown on Trent Avenue.

Fed keeps rate at record low, ends bond buying

WASHINGTON — The Federal Reserve plans to keep a key interest rate at a record low to support a U.S. job market that’s improving but still isn’t fully healthy and help lift inflation from unusually low levels. As expected, it’s also ending a bond purchase program that was intended to keep long-term rates low.

Fed survey shows one-quarter of American households ‘just getting by’

WASHINGTON – A quarter of U.S. households say they’re “just getting by” financially, a survey by the Federal Reserve shows. The Fed issued the first-time report Thursday, describing it as a snapshot of how Americans perceive their financial and economic well-being. The survey of about 4,100 households was conducted Sept. 17 through Oct. 4.

Fed to reduce pace of bond buying by another $10 billion

WASHINGTON — The Federal Reserve says it will cut its monthly bond purchases by an additional $10 billion to $65 billion because of a strengthening U.S. economy. It's doing so even though the prospect of reduced Fed stimulus and higher U.S. interest rates has rattled global markets.

Fed proposes big banks hold more cash, assets

WASHINGTON -- The Federal Reserve on Wednesday proposed that big banks keep enough cash, government bonds and other high-quality assets on hand to survive a severe downturn on par with the 2008 financial crisis.

New $100 bills begin circulating today

WASHINGTON – The new $100 bill, with an array of high-tech features designed to thwart counterfeiters, will get its coming out party today, partial government shutdown or not. The Federal Reserve, which has not been affected by the shutdown, will have armored trucks rolling from its regional banks around the country headed to banks, savings and loans and other financial institutions with the new C-notes.

Man arrested in Federal Reserve bomb plot

NEW YORK — A Bangladeshi man who came to the United States to wage jihad was arrested in an elaborate FBI sting today after attempting to blow up a fake car bomb outside the Federal Reserve building in Manhattan, authorities said.

Fed: No change of plans for economy

WASHINGTON — The Federal Reserve says the economy is growing moderately while cautioning that risks from Europe remain. It’s holding off on taking any further steps to boost the recovery.

Bernanke: US job market weak despite gains

WASHINGTON — Chairman Ben Bernanke says the U.S. job market remains weak despite three months of strong hiring and that the Federal Reserve’s existing policies will help boost growth.