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February 6, 2023

interest rates

Article

Fed unleashes another big rate hike in bid to curb inflation

July 28, 2022 The Associated Press

WASHINGTON, D.C. — The Federal Reserve on Wednesday raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in more than three decades […]

Article

US Fed governor opens door to half-point rate hike in March

February 22, 2022 Christopher Rugaber, Associated Press

WASHINGTON, D.C. — Federal Reserve Governor Michelle Bowman said Monday that she was open to lifting interest rates by more than the traditional quarter-point at the central bank’s next meeting in March.  Bowman’s comments came […]

Article

Even as economy heats up, Fed to stick with near-zero rates

April 30, 2021 Christopher Rugaber, Associated Press

WASHINGTON, D.C. — Hiring is accelerating as Americans increasingly venture out to shop, eat at restaurants and travel, and inflation pressures are even picking up after lying dormant for years. Yet this week, the Federal […]

Article

Fed sees rates near zero through 2023, perhaps longer

September 17, 2020 Christopher Rugaber, Associated Press

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 […]

Business

Fed: Rates to stay ultra-low even after inflation picks up

August 27, 2020 Martin Crutsinger, Associated Press

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 […]

Article

Fed to keep providing aid and sees no rate hike through 2022

June 10, 2020 Christopher Rugaber, Associated Press

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 […]

Business

Fed slashes rates to near zero, eases bank lending rules

March 15, 2020 The Associated Press

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 […]

Business

Negative interest rates turn saving, borrowing upside down

February 14, 2020 The Associated Press

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 […]

News

Powell: Economy looks resilient despite risk of China virus

February 11, 2020 By Martin Crutsinger AP Economics Writer

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 […]

Business

Fed Chair says Central bank could shift future plans to raise rates

January 4, 2019 The Associated Press

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 […]

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