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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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U.S. pending home sales decline in January

Fewer Americans signed contracts to buy homes in January, as the recent hot streak appears to have been curbed by a shortage of properties for sale and colder weather.

30-year mortgage rate falls to 3.62 percent

Average long-term U.S. mortgage rates fell this week as anxiety over the global economy persisted. Long-term rates resumed their decline after being unchanged last week following six straight weeks of easing.

Mexico drops dollar auctions, raises rates, cuts spending

The Mexican government said Wednesday that it is dropping daily dollar auctions, raising interest rates and cutting government spending by 0.7 percent of GDP as it tries to counter falls of the peso and oil revenues.

Fed worried by global turmoil, minutes show

Federal Reserve policymakers expressed growing concerns at their meeting last month about potential threats to the U.S. economy, including turbulence in financial markets, plunging oil prices and slowing growth in China and other emerging markets.

Stock market turmoil threatens key sectors of the economy

The U.S. economy finished last year on a seeming high note, with strong job growth in December and a vote of confidence from Federal Reserve policymakers in the form of a long-awaited interest rate increase. It’s been mostly downhill from there as an overvalued stock market has run head-on into anxiety about slowing global growth – with falling oil prices lubricating the skid.

Fed keeps interest rates at record low

The Federal Reserve is keeping U.S. interest rates at record lows in the face of persistent threats from a weak international economy and excessively low inflation.

Even at the Fed, the future isn’t clear

The head of the Federal Reserve Bank in San Francisco said he’s learned over a long career that no one should assume things are going to stay the same.

Fed keeps rate at record low, ends bond buying

WASHINGTON — The Federal Reserve plans to keep a key interest rate at a record low to support a U.S. job market that’s improving but still isn’t fully healthy and help lift inflation from unusually low levels. As expected, it’s also ending a bond purchase program that was intended to keep long-term rates low.

Interest rate rebound damps real estate lending

Fewer home sales and rising interest rates have led to the nation’s lowest level of mortgage lending in 14 years. Just $235 billion in home loans were started in the first three months of the year, the lowest figure recorded in a quarter since 2000, according to data from trade publication Inside Mortgage Finance.

Fed to reduce pace of bond buying by another $10 billion

WASHINGTON — The Federal Reserve says it will cut its monthly bond purchases by an additional $10 billion to $65 billion because of a strengthening U.S. economy. It's doing so even though the prospect of reduced Fed stimulus and higher U.S. interest rates has rattled global markets.

Bernanke: US job market weak despite gains

WASHINGTON — Chairman Ben Bernanke says the U.S. job market remains weak despite three months of strong hiring and that the Federal Reserve’s existing policies will help boost growth.