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Jan 31 2024
News
Fed isn't yet ready to cut interest rate, it signals in new statement
The Federal Reserve indicated Wednesday that its long-awaited shift toward cutting interest rates is still some distance away, a sign that officials are confident that they’re close to fully taming inflation. The Fed kept its key rate unchanged at about 5.4%, a 22-year high. In a statement, it signaled a shift by dropping previous wording that had said it was still considering further hikes.
FortuneMay 16 2024
News
Best Home Equity Loan Rates for May 2024
A home equity loan is a lump sum of money you can borrow at a fixed rate based on the equity, or ownership stake, in your home. If you already paid off 15% to 20% of your house, this one-time installment loan can be used to cover major expenses, from home renovations to paying off debt. Home equity loans have fixed interest rates, so your monthly payments are predictable and easy to budget for
CNETDec 13 2023
News
Federal Reserve holds interest rate steady and predicts 3 rate cuts next year as economy slows
The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, a sign that it is likely done raising rates after having imposed the fastest string of increases in four decades to fight painfully high inflation. The Fed’s policymakers also signaled that they expect to make three quarter-point cuts to their benchmark interest rate next year, fewer than the five
FortuneDec 13 2023
News
Fed Keeps Interest Rates Flat Again—But Barely Budges On 2024 Rate Cut Forecasts
The Federal Reserve opted Wednesday to hold interest rates at the same level they’ve sat since July, as the central bank’s impactful rate-hiking cycle appears all but over, though the Fed remains coy about doing a complete 180 degree turn. The Federal Open Markets Committee announced Wednesday it voted to keep the target federal funds rate at 5.25% to 5.5%, a widely expected move marking the
ForbesMay 15 2024
News
Credit rating firms issue positive reports for Alaska
The two largest credit rating firms issued positive reports for Alaska’s state government this spring, noting growing state budget reserves and progress on future North Slope oil projects. S&P upgraded Alaska’s rating, while Moody’s revised the state’s rating outlook from stable to positive on April 30. Credit ratings affect how much it costs the state government to borrow money and act as
Anchorage Daily NewsDec 28 2023
News
Housing, inflation, interest rates and more: What to expect in the 2024 economy
A slowdown — but no recession.
That's the broad consensus for the economy among experts as we head into 2024. After a post-pandemic period that saw growth surpass most forecasts — but also spurred breakneck inflation — Americans should now expect a period of reduced business activity.
Yet while some economists believe the risk of a recession will remain, others think a "soft
NBC News DigitalFeb 07 2024
News
URI proposes hiked interest rates for in-state and out-of-state students
KINGSTOWN, R.I. (WLNE) — The University of Rhode Island announced today that the Board of Trustees Finance and Facilities Committee recommended that the URI Board of Trustees approve the increased tuition rates for the next academic year. A 3.6% interest rate for in-state students and 3.9% for out-of-state students was proposed by the committee in Monday’s meeting. The proposal of a 0.9%
ABC 6Sep 21 2023
News
Higher Interest Rates Not Just for Longer, but Maybe Forever
On Wednesday, Federal Reserve officials surprised markets by signaling interest rates won’t fall as much as previously planned.
The tweak might be more important than it looks. In their projections and commentary, some officials hint that rates might be higher not just for longer, but forever. In more technical terms, the so-called neutral rate, which keeps inflation and unemployment
Wall Street Journal (News)Sep 21 2023
News
Bank of Japan Keeps Interest-Rates Targets Unchanged
TOKYO--The Bank of Japan on Friday kept its interest-rate targets unchanged amid rising prices and growing expectations for an early policy change.
The Japanese central bank decided to maintain its hard cap on the yield of 10-year Japanese government bonds at 1.0% after raising it from 0.5% at its previous meeting in late...
MarketWatchJul 27 2023
News
Fed Hikes Interest Rates Again Despite Rising Black Unemployment Rate
The U.S. Federal Reserve voted Wednesday to raise interest rates by another quarter percent, taking the cost of borrowing to its highest level in over two decades. It’s the 11th such rate increase in less than a year and a half. In a letter to Fed Chair Jerome Powell, Democratic Senator Elizabeth Warren of Massachusetts called the Fed’s moves “needless rate increases that threaten the economy
Democracy Now!