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Spokane, Washington  Est. May 19, 1883
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Mortgage rates at lowest levels in five months

Mortgage rates continued their month-long swoon, sinking to their lowest levels in five months. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average tumbled to 3.97 percent with an average 0.5 point.

Mortgage rates fall to their lowest levels of the year

According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average slipped to 4.08 percent with an average 0.5 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 4.1 percent a week ago and 3.58 percent a year ago.

Fed approves short-term rate hike

The Federal Reserve has raised its benchmark interest rate for the second time in three months and signaled that any further hikes this year will be gradual. The move reflects a consistently solid U.S. economy and will likely mean higher rates on some consumer and business loans.

Samuelson: Should Fed run economy hot?

The lesson of the double-digit inflation of the late 1970s and early ’80s is that, once higher inflation captures popular psychology, it takes a crushing recession to purge it.

Wait and see: Stocks steady at beginning of jam-packed week

U.S. stock indexes held steady Monday at the beginning of a week full of events that could swing markets. The Federal Reserve may raise interest rates, more countries around the world may move to shake up the economic status quo and several high-profile updates on the U.S. economy are coming out this week.

Yellen to speak after Fed officials hint rate hike is near

One by one, several Federal Reserve officials have signaled in recent days that the Fed is ready to resume raising interest rates as soon as this month. The question is whether the official who matters most – Chair Janet Yellen – will add her own voice to that impression.

Yellen: Expect Fed to resume raising rates in coming months

Federal Reserve Chair Janet Yellen defended the central bank’s independence Wednesday from Republican lawmakers who are pushing for major changes in how the central bank operates and how regulators oversee the nation’s banking system.

Janet Yellen expects gradual pace for hikes but sees risk in delay

WASHINGTON – Federal Reserve Chair Janet Yellen said Tuesday that the central bank still expects to raise interest rates gradually this year. But she said the Fed also recognizes the dangers of waiting too long to tighten credit. Testifying to Congress for the first time since President Donald Trump took office, Yellen referred implicitly to the ambitious economic program Trump has promised. She said the Fed recognizes that sharp changes in tax policy and government spending could influence the central bank’s decisions.