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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 raises key rate, unveils plan to reduce bond holdings

The Federal Reserve has raised its benchmark interest rate for the third time in six months, providing its latest vote of confidence in a slow-growing but durable economy. The Fed also announced plans to start gradually paring its bond holdings later this year, which could cause long-term rates to rise.

Fed is set to raise rates this week despite political tumult

The Washington political world is in disarray. Britain’s election tumult has scrambled the outlook for Europe. And economies in the United States and abroad are plodding along at a pace that hardly suggests robust health.

Fed minutes sound note of caution about June rate hike

The central bank is watching for evidence that a recent slowdown in the economy is temporary and that inflation is heating up toward its goal before committing to another interest rate hike, minutes from the Federal Reserve’s May 2-3 meeting showed.

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.