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Thursday, February 27, 2020  Spokane, Washington  Est. May 19, 1883
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Stories tagged: federal reserve


Federal Reserve tells Congress further rate hikes on the way

The Federal Reserve said Friday it expects the U.S. economy will strengthen and warrant further gradual increases in its key interest rate.


UPDATED: Thu., June 22, 2017

Fed: Biggest U.S. banks strong enough to withstand recession

All of the 34 largest U.S. banks are fortified enough to withstand a severe U.S. and global recession and continue lending, the Federal Reserve said Thursday.


UPDATED: Wed., June 14, 2017

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 …


Fed survey finds tight labor markets, rising wages

The economy kept growing in April through late May, with more regions citing worker shortages across a widening range of occupations, the Federal Reserve reported Wednesday.


UPDATED: Tue., May 30, 2017

Consumers spend at fastest pace in four months in a sign of spring economic rebound

Americans ratcheted up their spending in April at the fastest pace in four months in a sign the economy has rebounded this spring after a lackluster winter.


UPDATED: Wed., May 24, 2017

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 …


Fed leaves rates unchanged but signals further hikes ahead

The Federal Reserve has left interest rates unchanged while signaling that it expects a resilient U.S. economy and solid job market to justify further rate hikes later this year.


100 years ago today in Spokane: Financial leaders gush abut Federal Reserve branch for Spokane

Spokane money men were ecstatic over the announcement that Spokane was getting a branch of the Federal Reserve Bank of San Francisco. “MEANS BIG FUTURE,” shouted a front-page headline. “Emphasizes …


Trump now says he might retain Yellen as Fed boss

President Donald Trump hinted for the first time that he’s open to keeping Janet Yellen at the helm of the Federal Reserve. For markets trying to predict the future of …


UPDATED: Wed., March 15, 2017

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 …


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 …


Stock market surge lifts household wealth to $92.8 trillion

The stock market’s rise to record levels fueled a big increase in U.S. household wealth in the final three months of last year. The wealth gains could lead to more …


Fed not waiting for jobs report as these indicators say go

Federal Reserve Chair Janet Yellen, New York Fed President William Dudley, Vice Chairman Stanley Fischer and Governor Lael Brainard all gave signs that a market rate hike was a near …


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 …


Fed board member Powell says March rate hike possible

A top Federal Reserve official has added his voice to a growing group of Fed officials who are indicating that it might be appropriate to raise interest rates this month.


Gold isn’t behaving in practice the way it should in theory

What works for gold in practice rarely works in theory. The last three U.S. interest-rate increases that should, all other things being equal, be bad for the metal have seen …


UPDATED: Fri., Feb. 17, 2017

Student debt in America hits record

Total U.S. student debt hit a record $1.31 trillion last year, the 18th consecutive year Americans’ education debt rose, according to the Federal Reserve Bank of New York.


‘In Trump We Trust’ is market mantra as chaos besets White House

Follow the money: it’s a classic Washington catchphrase. And if you follow the money on Wall Street right now, it’s hard to see how all that chaos in the White …


UPDATED: Wed., Feb. 15, 2017

Consumer prices post biggest rise in nearly 4 years

U.S. consumer prices rose in January at the fastest pace in nearly four years, strengthening the case for the Federal Reserve to raise interest rates this year.


UPDATED: Wed., Feb. 15, 2017

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 …


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 …


Fed urged to nix stress tests as GOP pushes banks’ wish list

Republican lawmakers are increasingly going after a target that’s long triggered compliance headaches for Wall Street: the Federal Reserve’s annual assessments of whether banks can survive financial meltdowns.


Gold bulls emboldened as Fed grapples with Trump uncertainty

The Federal Reserve has emboldened gold bulls. Prices and trading volumes surged Thursday on call options giving holders the right to buy bullion at higher prices. On Wednesday, investors poured …


Fed leaves rates alone and gives no hint of when it may hike

The Federal Reserve has left its key interest rate unchanged at a time of solid economic gains but also heightened uncertainty surrounding the new Trump administration.


Apple surges on iPhone sales; stock indexes wobble

Investors didn’t react much to a strong hiring survey or the Federal Reserve’s decision to leave interest rates unchanged Wednesday, and U.S. stocks finished little changed Wednesday. Apple soared after …


Fed officials endorse gradual rate hikes as upside risks debated

Federal Reserve officials focused on the impact of potential fiscal stimulus during their December policy meeting, with many starting to worry that the central bank might eventually be forced to …


Robert Samuelson: Obama stopped economic slide

It is Obama’s unfortunate fate that the high-water mark of his presidency occurred in the first months, when the world flirted with financial calamity.


Consumer prices increase for fourth consecutive month

The cost of living in the U.S. rose for a fourth straight month, adding to signs that inflation is approaching the Federal Reserve’s goal.


Gold can’t catch a break as prices extend slide to 10-month low

A day after the Federal Reserve signaled rates will rise next year faster than expected, the Labor Department released data showing fewer Americans filed for applications for unemployment benefits, validating …