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Tag Archives: interest rates

Fed extends ‘Twist’ program to drive rates lower

WASHINGTON — The Federal Reserve acted Wednesday to lift an economy that’s being held back by a weakened job market. It’s extending a program designed to spur borrowing and spending through lower long-term U.S. interest rates. The Fed also reiterated ...

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Bernanke signals no imminent steps to aid economy

WASHINGTON — Chairman Ben Bernanke said the Federal Reserve is prepared to take further steps to lift the U.S. economy if it weakens. But he didn’t signal any imminent action in testimony before a congressional panel Thursday. Bernanke said the ...

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Robert Nusgart – European woes offer yet another chance to refinance

Thank you Greece. Thank you Spain. Thank you Portugal. Thank you for fueling the European debt debacle that continues to make the American bond market a haven for skittish investors looking for a “flight to safety” for their money. And ...

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Hiring slows sharply as economy looks weaker

WASHINGTON — The U.S. economy suddenly looks a lot weaker. U.S. employers created only 69,000 jobs in May, the fewest in a year, and the unemployment rate ticked up. The dismal jobs data will fan fears that the economy is ...

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Sales contracts for homes dropped in April

WASHINGTON — A gauge of Americans who signed contracts to buy homes fell in April from nearly a two-year high in the previous month. The decline was the biggest in a year. Still, sales are well ahead of last year’s ...

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U.S. bank earnings rose this winter to 5-year high

WASHINGTON — U.S. bank earnings rose in the first three months of the year to the highest level in nearly five years and the number of troubled banks fell for the fourth straight quarter. The mostly positive first-quarter earnings released ...

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Fed: Several members could support further easing

WASHINGTON — Federal Reserve policymakers are open to further efforts to stimulate the U.S. economy if growth falters or threats escalate. Minutes of the central bank’s April 24-25 meeting released Wednesday stated that “several members” thought additional Fed support could ...

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Cheaper gas drives wholesale price index lower

WASHINGTON — A big decline in gas and energy costs drove a measure of U.S. wholesale prices lower in April. Outside that drop, prices barely rose. The Labor Department said Friday that the producer price index dropped 0.2 percent last ...

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Senate turns to partisan fight over student loans

WASHINGTON — The Senate is the newest arena in the election-year face-off over federal student loans, and both sides are starting out by pounding away at each other. With Congress returning from a weeklong spring recess, the Senate plans to ...

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