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The Spokesman-Review Newspaper

The Spokesman-Review Newspaper The Spokesman-Review

Spokane, Washington  Est. May 19, 1883
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Even as economy heats up, Fed to stick with near-zero rates

Hiring is accelerating as Americans increasingly venture out to shop, eat at restaurants and travel, and inflation pressures are even picking up after lying dormant for years. Yet this week, the Federal Reserve is all but sure to reiterate its commitment to ultra-low interest rates.

Fed survey: Economy rebounding, helped by stimulus, vaccines

A Federal Reserve survey has found that the economy was rebounding in late February through early April, helped by billions of dollars in a new round of stimulus payments and the stepped-up rollout of coronavirus vaccines.

Fed expects to keep its key rate near zero through 2023

The Federal Reserve foresees the economy accelerating quickly this year but still expects to keep its benchmark interest rate pinned near zero through 2023, despite concerns in financial markets about potentially higher inflation.

New challenge for the Powell Fed: A strengthening economy

For the past year, Federal Reserve Chair Jerome Powell has expressed a wish for more rescue spending from Congress, better control of the viral pandemic and clear evidence of an improving economy. He's finally getting all three. Yet all of that hardly makes Powell's job easier.

U.S. adds 379,000 jobs in hopeful sign for economy

U.S. employers added a robust 379,000 jobs last month, the most since October and a sign that the economy is strengthening as confirmed viral cases drop, consumers spend more and states and cities ease business restrictions.

Powell: Higher inflation temporary, no rate hikes in sight

Federal Reserve Chair Jerome Powell suggested Thursday that inflation will pick up in the coming months but that it would likely prove temporary and not enough for the Fed to alter its record-low interest rate policies.

Stocks drift lower on Wall Street; yields still easing

The S&P 500 fell 0.8% after earlier flipping between small gains and losses. A day before, the benchmark index had leaped 2.4% for its best performance since June. Technology and internet stocks accounted for much of the selling, a reversal from a day earlier.

Fed keeps rate near zero but sees brighter economy in 2021

The Federal Reserve said Wednesday that it will keep buying government bonds until the economy makes “substantial” progress – a step intended to reassure financial markets and keep long-term borrowing rates low indefinitely.