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Thursday, August 24, 2017
interest rates
A man walks past the Federal Reserve Bank in Washington, D.C., U.S. December 16, 2015. REUTERS/Kevin Lamarque/File Photo

Wednesday Is Decision Day On Fed Rate Hike

The current federal funds rate — the interest rate banks charge each other — currently is at 0.5 percent. The rate was as high as 20 percent in the 1980s to combat inflation.

September 20, 2016
The Guide Dog

Cartoon: The Guide Dog

How low can you stay?

June 17, 2016

Yellen Says Fed Rate Hike Likely Appropriate In Coming Months

Although Yellen expressed caution about too steep a rise in U.S. rates, she sounded more confident than she has in the past that the U.S. economy has rebounded from a weak winter and that inflation would edge higher toward the Fed’s 2 percent target.

May 27, 2016
Traders work on the floor of the New York Stock Exchange (NYSE) as a television screen displays coverage of U.S. Federal Reserve Chairmman Janet Yellen shortly after the announcement that the U.S. Federal Reserve had hiked interest rates for the first time in nearly a decade in New York, December 16, 2015. REUTERS/Lucas Jackson

Economists Dump On Trump’s Debt Plan

“That would be an outrageous thing to do,” Michael Strain, an economist at the conservative American Enterprise Institute, told the Washington Post. “It could introduce chaos.” The $13.7 trillion in publicly held U.S. debt constitutes one of the deepest and most important financial markets in the world, forming the bedrock of the global financial system.

May 7, 2016

Fed Raises Interest Rates, Citing Ongoing U.S. Recovery

“The process is likely to proceed gradually,” Federal Reserve Chair Janet Yellen said, a hint that further hikes will be slow in coming.

December 17, 2015
Jorge Villalba poses for a portrait on Sept. 3, 2015 in Encino, Calif. Villaba is struggling to pay off student loan debt. (Brian van der Brug/Los Angeles Times/TNS)

One Way States Can Help Student Loan Borrowers

Although the federal government dominates the student loan market, there’s much states can do to help borrowers who are struggling.

December 15, 2015

Fed Still Plans Rate Hike This Year, But Not Committed

The Fed’s meeting in December could be the key moment.

October 9, 2015

Dollar, Shares Gain On Yellen Speech, U.S. GDP

Gross domestic product grew at a 3.9 percent annual clip, up from a 3.7 percent estimate in August.

September 25, 2015

Fed’s Yellen Gets Medical Attention After Struggling With Speech

“Chair Yellen felt dehydrated at the end of a long speech under bright lights,” a Fed spokeswoman said.

September 24, 2015

After Delay, Yellen Faces Questions Over Fed Message On Rate Hike

It is perhaps her biggest test yet, as she tries to guide a divided committee.

September 21, 2015

Fed ‘Close’ To Hiking Rates, U.S. Economy Near Normal: Lockhart

“I think the point of ‘liftoff’ is close,” Atlanta Fed President Dennis Lockhart said in prepared remarks for an address to the Atlanta Press Club. “The economy has made great gains and is approaching an acceptable normal… conditions are no longer extraordinary.”

August 10, 2015

The Economy Looks Strong. Why Aren’t Investors Happy?

New data on service sector gains gave way to concerns from investors who fear it will provide a green light for the Federal Reserve to start raising interest rates.

August 8, 2015

Consumer Spending Bolsters U.S. Second-Quarter Growth

Gross domestic product expanded at a 2.3 percent annual rate, the U.S. Commerce Department said on Thursday.

July 30, 2015

Fed Says Economy Improving; September Rate Hike In View

“The Fed is taking baby steps towards a rate hike. Enough improvements have been made in the labor market that the Fed only needs a little more confirming evidence to say it is time,” said Brian Jacobsen, chief portfolio strategist at Wells Fargo Funds Management.

July 29, 2015

U.S. Jobless Claims Drop To 41.5-Year Low

The number of Americans filing new applications for unemployment benefits last week fell to its lowest level in more than 41.5 years.

July 23, 2015

Cartoon: Janet Yellen Considers Rate Hikes

Janet Yellen has a decision to make on interest rates.

January 29, 2015

5 Keys To The U.S. Economy To Watch In 2015

These crucial factors will decide just how strong the economy grows in 2015.

January 2, 2015

U.S. Home Price Gains Slow In June

Washington (AFP) — Price gains in the U.S. housing market slowed further in June as pent-up buying pressure eases, the S&P/Case-Shiller index showed Tuesday. Home prices continued to rise, but the 20-city price index rose at an annual rate of 8.1 percent in June, down from 9.3 percent in May and 10.8 percent in April. […]

August 26, 2014

Fed Leaves Policy Unchanged Despite Stronger Growth

Washington (AFP) — The Federal Reserve on Wednesday stuck to its plan of holding its base interest rate near zero while steadily trimming its stimulus, despite a surprisingly strong second-quarter economic growth report. The Fed as expected reduced its monthly bond purchases by $10 billion, taking the program to $25 billion a month, but said […]

July 30, 2014
jobs

Federal Reserve Could Hike Rates Sooner Than Expected, Yellen Warns

Washington (AFP) — The Federal Reserve could raise its interest rate sooner than expected as the jobs market improves, Fed Chair Janet Yellen said Tuesday, adding the Fed was closely watching for risks. Yellen, in testimony to Congress, said the policy-setting Federal Open Market Committee (FOMC) was closely following developments in the economy to determine […]

July 15, 2014