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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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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.

Most Spokane businesses won’t qualify for Fed loan program

The Federal Reserve set up the Main Street Lending program to provide capital to small and medium-sized business as they come out of the pandemic, but two local bankers say the current restrictions have made the program a dead end.

Spokane investment expert to region’s chamber: National economy has been placed in ‘medically induced coma’

The national economy has been placed in a medically induced coma by the unprecedented government response to the novel coronavirus, the chief investment officer for Washington Trust Bank told members of Spokane’s chamber of commerce Friday. It may be several months before the full ramifications of that decision are known and felt in the Inland Northwest, Steve Scranton told a virtual audience of roughly 300 people gathered by Greater Spokane Incorporated on Zoom.

Fed cuts rates for a 3rd time but signals it will now pause

The Federal Reserve cut short-term interest rates Wednesday for a third time this year to try to support the economy. But it signaled that it plans no further cuts unless it sees clear evidence that the economic outlook has worsened.

Powell may signal future rate cuts, but would they matter?

Under the glare of a spotlight, Chairman Jerome Powell may signal Friday what the Federal Reserve will do – or can do – to strengthen the economy and restore confidence at a time of nagging uncertainties and global weaknesses.

Fed cuts key rate in its first reduction in more than decade

The Federal Reserve cut its key interest rate Wednesday for the first time in a decade to try to counter threats ranging from uncertainties caused by President Donald Trump’s trade wars to chronically low inflation and a dim global outlook.