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Saturday, March 28, 2020  Spokane, Washington  Est. May 19, 1883
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Stories tagged: interest rates

Fed keeps key rate unchanged but hints of coming hike

The Federal Reserve is keeping a key interest rate unchanged but sending a strong signal that it will likely boost rates before the end of the year.

Robert J. Samuelson: The old Fed is dead

Central banks aren’t as influential as we supposed. Low interest rates – a product of both policy and wider economic forces – haven’t had the expected rejuvenating effect.

A flurry of tepid economic data could lead Fed to delay hike

U.S. factory output fell, consumers cut back at retailers and wholesale prices went nowhere in August, the latest evidence of a less-than-robust economy. The weak numbers could give the Federal …

Stocks jump as Apple pulls tech companies up again

U.S. stocks changed course again Thursday and climbed as Apple led a big gain for technology companies and energy companies recovered some of their recent losses. Investors looked over a …

Average 30-year mortgage rate jumps to 3.50 percent

Long-term U.S. mortgage rates rose this week, with the benchmark 30-year loan reaching its highest level since June. Rates remain at historically low levels, however.

Move cautiously before hiking interest rates, Fed offical says

Federal Reserve board member Lael Brainard indicated Monday that she’s in no hurry to raise interest rates again, comments that were greeted with relief on Wall Street.

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 …

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 …

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 …

Case for interest rate hike ‘has strengthened in recent months,’ Fed chair says

Federal Reserve Chair Janet Yellen signaled Friday that an increase in a key interest rate was on the table at the central bank’s next meeting in September but that a …

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 …

Five things we learned from the surprisingly strong July jobs report

U.S. employers added a healthy 255,000 jobs in July, a sign of confidence amid sluggish economic growth that points to a resilient economy.

Average U.S. 30-year mortgage rate declines to 3.43 percent

g-term U.S. mortgage rates declined this week after rising for three straight weeks, continuing to lure prospective homebuyers.

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.

Record-low U.S. Treasury yield points to rising economic fears

Fear and uncertainty about the global economy are leading investors to embrace the relative safety of U.S. government debt and slashing yields to record lows.

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 …

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 …

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 …

Yellen calls May jobs report ‘disappointing,’ signals Fed will wait on rate hike

Federal Reserve Chair Janet Yellen on Monday called the surprisingly weak May jobs report “disappointing” and signaled that central bank policymakers would wait at least a month on another interest …

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.

Pending home sales hit highest level since 2006

Americans signed more contracts to buy homes in April for the third straight month, driving pending home sales to the highest level in more than a decade.

Stocks fall over continued worry about possible Fed hike

The Dow fell 91.22 points, or 0.5 percent, to 17,435.40. The S&P 500 lost 7.59 points, or 0.4 percent, to 2,040.04. The Nasdaq composite gave up 26.59 points, or 0.6 …

Bank of England keeps interest rates steady amid uncertainty

The Bank of England has voted to keep interest rates steady amid signs that the economy is beginning to falter and uncertainty over next month’s vote on whether Britain should …

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 …

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 …

More big-name Republicans abandon Trump; he just shrugs

Speaker Paul D. Ryan is planning to meet with Donald Trump in Washington on Thursday, just a week after he said he is “not ready” to support or endorse him.

U.S. consumer borrowing jumps 10 percent in March

U.S. consumers sharply increased use of their credit cards in March, pushing up total borrowing at the fastest pace in more than a decade.

Trump’s national debt plan would send rates soaring, analysis shows

In the event that the U.S. economy crashed, Donald Trump has floated a recovery plan based on his own experience with corporate bankruptcy: Pay America’s creditors less than full value …

Average rate on 30-year mortgages falls to 3.61 percent

Long-term U.S. mortgage rates fell this week, following the Federal Reserve’s decision not to raise its benchmark interest rate.

Fannie Mae posts $1.1B profit in 1Q; paying $919M dividend

Mortgage giant Fannie Mae posted net income of $1.1 billion for the first quarter, down from a year ago as declining interest rates reduced the value of the financial instruments …