interest rates

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Greenspan Warns of the Bubble That May Be Bursting Next

And when that bond bubble bursts, it will be fast and severe, he says

(Newser) - More than 20 years ago, Alan Greenspan uttered two words he'd become famous for: "irrational exuberance," which he used to warn about asset prices in the general investment market and how predicting the bursting of such bubbles was a challenging game. Now the former Federal Reserve chair... More »

Fed Jacks Key Rate for 2nd Time in 3 Months

And signals more hikes are ahead in 2017

(Newser) - The Federal Reserve has raised its benchmark interest rate for the second time in three months and signaled that any further hikes this year will be gradual. The move Wednesday reflects a consistently solid US economy and will likely mean higher rates on some consumer and business loans. The Fed'... More »

The Fed Likely to Raise Interest Rates This Month

Janet Yellen signaled as much in a speech Friday

(Newser) - Janet Yellen signaled Friday that the Fed will likely resume raising interest rates later this month to reflect a strengthening job market and inflation edging toward the central bank's 2% target rate, the AP reports. The Federal Reserve chair also said that the Fed expects steady economic improvement to... More »

Fed Raises Key Interest Rate, Suggests More Hikes Coming

It's the first increase in a year

(Newser) - The Federal Reserve is raising a key interest rate for the first time in a year, reflecting a resilient US economy and expectations of higher inflation. The move will mean modestly higher rates on some loans, reports AP . The Fed signaled in a statement Wednesday that additional rate increases will... More »

With Fed Set to Hike Rates, Look for This One Word

'Roughly'

(Newser) - The Federal Reserve's first policy meeting since Donald Trump won the election wraps up Wednesday, and analysts say the Fed is almost certain to raise interest rates for just the second time in a decade—though they also said Trump was almost certain to lose the election. Beyond the... More »

Fed Hints at Upcoming Rate Hike

But leaves interest rates unchanged for now

(Newser) - The Federal Reserve is leaving interest rates unchanged just days before Americans choose a new president, but hints again that it will likely raise rates at an upcoming meeting, the AP reports. The Fed says that the case for rate hike has "continued to strengthen" but that the panel... More »

Yellen Doesn't Tip Her Hand on Rate Hike

Case is stronger, says Fed chief, without offering timetable

(Newser) - Federal Reserve Chair Janet Yellen said Friday that the case for raising interest rates has strengthened in light of a solid job market and an improved outlook for the US economy and inflation, reports the AP . So does that mean rates are going up? We'll have to stay tuned,... More »

Britain Cuts Rates to Lowest Since 1694

That's when the Bank of England was established

(Newser) - In an attempt to shore up a post- Brexit economy, the Bank of England did something Thursday it hasn't done since 2009: cut interest rates. The rates went from 0.5% to 0.25%, the lowest they've been since the bank's beginnings in 1694, the Atlantic reports.... More »

9 Years, 5 Months, 16 Days Later, Fed Makes Its Move

Janet Yellen and company boost main rate by quarter point

(Newser) - A quarter point. The Fed on Thursday moved to raise interest rates for the first time since June 29, 2006 , and it did so by boosting its key federal funds rate by a modest 0.25%, reports the Wall Street Journal . Fed chief Janet Yellen will lay out the rationale... More »

Even if Fed Acts, Rates May Be Low for Long Time

Here's what to know ahead of the Fed meeting this week

(Newser) - Janet Yellen and the Fed are expected to raise interest rates for the first time in nine years later this week, probably by a quarter-point, reports USA Today . Some things to know:
  • Even if the Fed acts, rates might well remain relatively low for years, despite some alarming predictions to
... More »

Fed Leaves Rates Unchanged

Janet Yellen keeps historic lows in place

(Newser) - No rate hike: The Federal Reserve has held off on raising interest rates amid a shaky world economy. Janet Yellen's group cited "global economic and financial developments" to explain the decision, which mostly means the turmoil in China, reports MarketWatch . Fed policymakers now see just one rate hike... More »

Clinton Wants to Throw $350B at Making College Free, Cheap

Candidate's plan would make community college free, 4-year college 'no loan'

(Newser) - As student debt balloons into an issue in the realms of predatory lending , borrowers' mental health , and even the elderly , politicians continue to brainstorm on making college more affordable. Hillary Clinton's solution: a $350 billion proposal whose goals include making community college free, cutting costs to attend four-year public... More »

Fed Leaves Interest Rates Unchanged

But most expect that to change later this year

(Newser) - The Federal Reserve says the economy has strengthened since a slump early this year but wants to see further gains in the job market and higher inflation before raising interest rates from record lows. The Fed is giving no timetable for a rate hike but says it expects the economy'... More »

Fed Drops Word 'Patient,' Still Soothes Investors

Moves closer to a rate increase, but suggests it's not imminent

(Newser) - The Federal Reserve continued its slow dance with Wall Street today about when it will finally raise interest rates, and the bottom line is June at the earliest, reports the Wall Street Journal . However, if jobs and inflation aren't hitting their targets at that point, the Fed would likely... More »

Interest Rates Won't Be Rising Anytime Soon

Fed wraps up meeting, cuts growth forecast

(Newser) - The Federal Reserve has sharply cut its forecast for US growth this year, reflecting a shrinking economy last quarter caused mostly by harsh weather. At the same time, the Fed has barely increased its estimate of inflation despite signs that consumer price increases are picking up. Its benign inflation outlook... More »

Europe Tries a Radical Way to Prod Banks

ECB introduces negative interest rates

(Newser) - The European Central Bank today announced that it's giving its banks a kick in the rear to get them to start lending again, by dropping its deposit interest rate to -0.1%. Yes, that's a minus sign—meaning that instead of giving banks interest for holding onto extra... More »

Janet Yellen Makes Rookie Mistake in Fed Debut

Her 'around 6 months' comment was way too specific, say observers

(Newser) - Janet Yellen is getting a lot of grief over her first news conference as leader of the Federal Reserve for, of all things, speaking too clearly. As Rex Nutting at MarketWatch observes, Yellen spoke for an hour yesterday, "but the market only heard three words: 'around six months.... More »

At 265 Colleges, Loan Default More Likely Than Graduation

Plus: Stafford loan interest rates double

(Newser) - Bad news if you're planning to attend Texas College in the fall: You've got a 38.2% chance of defaulting on your student loans ... and just a 12% chance of graduating. USA Today found 265 colleges and universities across 40 states where the loan default rate is higher... More »

Bernanke Taking Big Gamble on Policy

Lower dollar stimulates economy but risks trade wars: Allan Sloan

(Newser) - Ben Bernanke's push to keep interest rates low might be stimulating the US economy, but it's also raising the risk of currency wars, writes Allan Sloan at Fortune . "Cutting interest rates faster and more deeply than most other central banks has weakened the dollar against the currencies... More »

'Free' Checking Accounts: Not So Free Anymore

Plus, credit card companies not passing on low interest rates

(Newser) - Free checking accounts were the norm in the 1990s, but not so anymore: Today just 39% of noninterest checking accounts are free to everyone, down from 76% in 2009 and 45% last year, a new Bankrate survey finds. Some banks are doing away with free checking accounts entirely; some are... More »

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