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Spokane, Washington  Est. May 19, 1883
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Trump says he plans to keep criticizing Fed over rates

President Donald Trump says he has no intention of ending his public attacks on the Federal Reserve’s interest rate policies even though he knows he has made Chairman Jerome Powell’s job more difficult.

Powell hints Fed will cut rates if needed over trade wars

Chairman Jerome Powell said Tuesday that the Federal Reserve is prepared to respond to the Trump administration’s trade conflicts to protect the U.S. economy, signaling that the Fed will cut interest rates if necessary.

Froma Harrop: A cap on interest rates charged consumers? Yes

The Loan Shark Protection Act would limit the interest charged on credit cards to 15 percent. A 15 percent cap would be too low -- naively too low. Too bad the bill’s sponsors, Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez, weren’t more careful, because their clumsy approach hands ammo to foes of those reining in truly abusive forms of consumer credit, the most obscene example being the payday loan. As the name implies, a payday loan is a quick infusion of cash to tide the borrower over until the next paycheck arrives, when it’s paid off. But that’s not what usually happens. Here’s the usual scenario:

Stocks skid to 15-month low after Fed raises rates again

Stocks surrendered a substantial gain after the Federal Reserve raised interest rates again and said it plans to keep raising them next year. Some investors had hoped the Fed would signal a sharper slowdown in its credit tightening policy.

Higher rates: Sign of economic strength or a risk? Try both

This week’s dizzying sell-offs in the financial markets have been a rude reminder that the U.S. economy is no longer relying on ultralow interest rates to fuel growth. Yet the climb in interest rates also reflects an economy that’s still managing to accelerate on the energy of an expansion in its 10th year – the second-longest such streak on record.

Federal Reserve projects further gradual hikes in key rate

The Federal Reserve said Friday it expects low unemployment and rising inflation will keep it on track to raise interest rates at a gradual pace over the next two years. By late 2019, the Fed says its key policy rate should be at a level that will be slightly restrictive for growth.

Investment pros staying calm after rate fears clobber stocks

For more than a year, investors have brushed off bombastic talk about nuclear war, dysfunction on Capitol Hill and other worrisome situations. The Dow Jones industrial average and the Standard & Poor’s 500 glided to record after record, with few hiccups. This week, the calm cracked.