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19 May 2024
U.S. Federal Reserve
Fed Likely to Hold Rates Near Zero For While
by
CHRISTOPHER S. RUGABER, AP Economics Writer
-
Apr 29, 2020
WASHINGTON (AP) — The Federal Reserve signaled Wednesday that it will keep its key short-term interest rate near zero for the foreseeable future as part of its extraordinary efforts to bolster an economy that is sinking...
Feds Step In Again to Smooth Out Lending Markets
by
CHRISTOPHER S. RUGABER, AP Economics Writer
-
Mar 31, 2020
WASHINGTON (AP) — The Federal Reserve is intervening once again to try to smooth out the world’s lending markets, this time by lending dollars to other central banks in exchange for Treasurys. The Fed’s move Tuesday...
Fed Using Private Data to Judge Economy
by
CHRISTOPHER S. RUGABER, AP Economics Writer
-
Feb 5, 2020
WASHINGTON (AP) — About a year ago, Federal Reserve officials were nervous. Markets were cratering. Fear about a trade war was rising. The officials needed to know if the turmoil was chilling consumer spending. Problem was,...
Pending Home Sales Rebound in November
by
ASSOCIATED PRESS
-
Dec 30, 2019
WASHINGTON (AP) — Americans signed more contracts to purchase homes in November, a rebound from the previous month, indicating that the housing market is still strong. The National Association of Realtors said Monday that its pending...
2019 Markets: Record Stocks, Lower Rates
by
ALEX VEIGA, AP Business Writer
-
Dec 27, 2019
NEW YORK (AP) — On January 3, the S&P 500 sank 2.5% when Apple warned of sagging demand for the iPhone, an inauspicious start to 2019 following a 14% drubbing in last year’s fourth quarter. On...
Fed Leaves Rates Alone, May Do Same in 2020
by
CHRISTOPHER S. RUGABER, AP Economics Writer
-
Dec 11, 2019
WASHINGTON (AP) — The Federal Reserve left its benchmark interest rate alone Wednesday and signaled that it expects to keep low rates unchanged through next year. The Fed’s decision follows three rate cuts earlier this year....
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