WASHINGTON, D.C. — With the economy still struggling to recover from the pandemic recession, Federal Reserve policymakers signaled Wednesday that their benchmark short-term interest rate will likely remain at zero at least through 2023 and […]
WASHINGTON, D.C. — The Federal Reserve announced a significant change Thursday in how it manages interest rates by saying it plans to keep rates near zero even after inflation has exceeded the Fed’s 2% target […]
WASHINGTON, D.C. — Confronted with an economy gripped by recession and high unemployment, the Federal Reserve made clear Wednesday that it will keep providing support by buying bonds to maintain low borrowing rates and forecasting […]
WASHINGTON — 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 encourage lending to […]
FRANKFURT, Germany — Imagine a mortgage that pays you the interest, not the other way around. Or a savings account where it’s the bank, not the saver, who collects interest. Welcome to the upside-down world […]
WASHINGTON — Federal Reserve Chairman Jerome Powell said Tuesday the U.S. economy appears durable with steady growth and unemployment near a half-century low but faces some risk from the broadening viral outbreak that began in […]
WASHINGTON. D.C. — Federal Reserve Chairman Jerome Powell said Friday that he is prepared to be patient in deciding when to raise interest rates again.”There is no pre-set path for policy,” Powell said during an […]
WASHINGTON, D.C. – The Federal Reserve is set to hold interest rates steady this week but will likely further encourage expectations that it will lift borrowing costs in June on the back of rising inflation […]
RALEIGH — State Treasurer Dale Folwell (R) through the State and Local Government Finance Division (SLGFD) and with the approval of the North Carolina Council of State, announced the completion of its third refunding of […]
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