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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. stocks slide the most since Brexit amid rate speculation

U.S. stocks fell in the worst selloff since Britain voted to leave the European Union, with the Dow Jones Industrial Average falling almost 400 points after a Federal Reserve official signaled more willingness to raise interest rates.

Slower hiring in August signals Fed rate hike less likely

After two months of blockbuster gains, U.S. employers slowed their hiring in August to a modest increase of 151,000, reducing the likelihood that the Federal Reserve will raise interest rates when it meets this month.

Average 30-year mortgage rate rises to 3.46 percent

Long-term U.S. mortgage rates rose this week amid expectations in financial markets that an increase in interest rates by the Federal Reserve may be on the horizon. Mortgage rates remain at historically low levels, however.

Fed minutes: Conditions could ‘soon warrant’ a rate hike

Federal Reserve officials believed last month that near-term risks to the U.S. economy had subsided and that an interest rate increase could soon be warranted. But they did not indicate when they would likely raise rates. The minutes of their July 26-27 meeting show that officials were encouraged by a rebound in job growth.

Uber raises $1.15 billion in leveraged loan

Uber has reportedly raised $1.15 billion in a new high-yield loan that will allow the company to take advantage of low interest rates without diluting the equity of early investors.

Average US 30-year mortgage falls to 3.48 percent

Long-term U.S. mortgage rates slid to new lows for the year this week amid market upheaval stoked by Britain’s vote to leave the European Union. Rates are at three-year lows at the height of the spring home buying season.

Leaving rates alone, Fed sees slow pace of hikes ahead

WASHINGTON – The Latest on the U.S. Federal Reserve’s monetary policy meeting, which ends at 2 p.m. with the release of a policy statement and then a news conference by Chair Janet Yellen (all times are Eastern): 1:00 p.m.

Fed expected to give wait-and-see message

This month, when the government issued a surprisingly bleak hiring report for May, it suddenly raised doubts about the health of the job market. And it caused most Fed-watchers to put off their predictions for the next Fed rate hike into the fall.

U.S. economy better than initially thought

Economic growth at the start of the year wasn’t as bad as initially estimated, boosting the chances that Federal Reserve policymakers will raise a key interest rate next month.

Jeb Bush won’t vote for Donald Trump or Hillary Clinton

Jeb Bush the voter plans to sit out the presidential race in November. The ex-presidential candidate wrote on Facebook Friday that he won’t vote for presumptive Republican nominee Donald Trump – Bush’s chief GOP campaign foe – or likely Democratic nominee Hillary Clinton.

Lindsey Graham won’t vote for Trump or Clinton

Sen. Lindsey Graham won’t be voting for either of the major party presidential nominees. “I think Donald Trump is going places that very few people have gone, and I’m not going there with him,” Graham said in an interview on CNN.