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Monday, March 30, 2020  Spokane, Washington  Est. May 19, 1883
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Stories tagged: interest rates


Fed slashes rates to near zero in response to coronavirus fears, eases bank lending rules

The Federal Reserve took emergency action Sunday and slashed its benchmark interest rate by a full percentage point to nearly zero and announced it would purchase more Treasury securities to …


Fed leaves key rate unchanged at low level amid global risks

The Federal Reserve kept its benchmark interest rate unchanged at a low level Wednesday amid an economy that looks solid but faces potential global threats.


Fed is likely to reinforce a message of continued low rates

The Federal Reserve is expected to send a clear message when its latest policy meeting ends Wednesday: Interest rates will likely stay ultra-low for the foreseeable future.


UPDATED: Wed., Oct. 30, 2019

Fed cuts rates for a 3rd time but signals it will now pause

The Federal Reserve cut short-term interest rates Wednesday for a third time this year to try to support the economy. But it signaled that it plans no further cuts unless …


Powell faces key question: What’s wrong with low inflation?

On Wednesday, Fed Chairman Jerome Powell instead said that low inflation can create problems for the U.S. economy, calling it one of the “longer-term challenges” facing the United States.


UPDATED: Mon., Sept. 23, 2019

Trump’s Fed tweets shown to have ‘significant’ effect on trading

President Donald Trump’s Twitter attacks on the Federal Reserve are prompting investors to bet the central bank will bow to political pressure and lower interest rates, according to a new …


UPDATED: Mon., Sept. 16, 2019

With Trump trade war a threat, Fed is set to cut rates again

For a second straight time, the Federal Reserve is set to cut interest rates this week to try to protect the economy from the consequences of a global slowdown and …


Powell may signal future rate cuts, but would they matter?

Under the glare of a spotlight, Chairman Jerome Powell may signal Friday what the Federal Reserve will do – or can do – to strengthen the economy and restore confidence …


UPDATED: Wed., July 31, 2019

Fed cuts key rate in its first reduction in more than decade

The Federal Reserve cut its key interest rate Wednesday for the first time in a decade to try to counter threats ranging from uncertainties caused by President Donald Trump’s trade …


UPDATED: Wed., July 10, 2019

Powell’s message to Congress: Rate cut is likely coming soon

Powell sends strong signal that Fed is prepared to cut rates in light of rising uncertainties.


UPDATED: Mon., July 8, 2019

U.S. stocks drop as traders weigh odds for steep Fed rate cut

Technology and health care companies drove U.S. stocks to a lower finish Monday as the market fell for a second straight day following a run of record highs.


Powell says economy facing growing uncertainties

Federal Reserve Chairman Jerome Powell said Tuesday the outlook for the U.S. economy has become cloudier since early May, with rising uncertainties over trade and global growth causing the central …


UPDATED: Wed., June 19, 2019

Fed leaves its key rate unchanged but hints of future cuts

The Federal Reserve left its key interest rate unchanged Wednesday but signaled that it’s prepared to start cutting rates if needed to protect the U.S. economy from trade conflicts and …


UPDATED: Mon., June 17, 2019

Fed likely to leave rates alone but signal readiness to cut

Jerome Powell has tantalized the financial world with the prospect that the Federal Reserve he leads may soon cut interest rates for the first time in over a decade. Probably …


Trump says he plans to keep criticizing Fed over rates

President Donald Trump says he has no intention of ending his public attacks on the Federal Reserve’s interest rate policies even though he knows he has made Chairman Jerome Powell’s …


UPDATED: Tue., June 4, 2019

Powell hints Fed will cut rates if needed over trade wars

Chairman Jerome Powell said Tuesday that the Federal Reserve is prepared to respond to the Trump administration’s trade conflicts to protect the U.S. economy, signaling that the Fed will cut …


Froma Harrop: A cap on interest rates charged consumers? Yes

The Loan Shark Protection Act would limit the interest charged on credit cards to 15 percent. A 15 percent cap would be too low — naively too low. Too bad …


UPDATED: Thu., March 21, 2019

Consumers should soon see benefit of Fed’s patience on rates

Just a few months ago, rising rates were bearing down on everyone from home buyers to stock investors after the Federal Reserve put through seven quarter-point increases in 2017 and …


UPDATED: Mon., March 18, 2019

Fed set to signal no expectation of rate increases anytime soon

Noting risks, Fed is likely to signal no expectation of rate hikes in the coming months.


Stocks skid to 15-month low after Fed raises rates again

Stocks surrendered a substantial gain after the Federal Reserve raised interest rates again and said it plans to keep raising them next year. Some investors had hoped the Fed would …


UPDATED: Wed., Dec. 19, 2018

Fed raises rates for fourth time in 2018 but sees fewer increases in future

The Federal Reserve has raised its key interest rate for the fourth time this year to reflect the U.S. economy’s continued strength but signaling that it expects to slow increases …


The debt threat: Business debt, and worries about it, are up

Homeowners appear to have learned the lesson of the Great Recession about not taking on too much debt. There is some concern that Corporate America didn’t get the message.


UPDATED: Thu., Oct. 11, 2018

Higher rates: Sign of economic strength or a risk? Try both

This week’s dizzying sell-offs in the financial markets have been a rude reminder that the U.S. economy is no longer relying on ultralow interest rates to fuel growth. Yet the …


Fed Chair Powell says gradual rate hikes best approach

Federal Reserve Chairman Jerome Powell said Tuesday that he sees no need to drop the central bank’s current gradual approach to raising interest rates.


UPDATED: Wed., Sept. 26, 2018

Fed raises rates for thir time this year with another expected to come later

The Federal Reserve signaled its confidence Wednesday in the U.S. economy by raising a key interest rate for a third time this year, forecasting another rate increase before year’s end …


UPDATED: Tue., Sept. 25, 2018

Three things to watch for from the Federal Reserve on Wednesday

The Federal Reserve will meet Wednesday, and whatever the central bank’s policymakers decide will affect the loan rates that consumers as well as businesses will face in the coming months.


Federal Reserve projects further gradual hikes in key rate

The Federal Reserve said Friday it expects low unemployment and rising inflation will keep it on track to raise interest rates at a gradual pace over the next two years. …


UPDATED: Tue., Feb. 27, 2018

Powell’s bullish outlook on U.S. economy rattles markets

New Federal Reserve Chairman Jerome Powell delivered a message Tuesday that wasn’t quite what Wall Street had expected: The U.S. economy is doing well, maybe even better than he thought …


UPDATED: Thu., Feb. 8, 2018

How the market’s turmoil could affect Fed’s rate decisions

On Thursday, the Dow plunged over 1,000 points, bringing the index’s losses from its January highs to more than 10 percent. All of which has left investors wondering what the …


UPDATED: Tue., Feb. 6, 2018

If interest rates rise, GM likely to expand subsidized loans

If auto loan interest rates rise as expected this year, General Motors and others are likely to make more subsidized loans, including zero-percent financing, to keep car sales flowing.