One-Two Punch of Economic News Has Budget Hawks Calling for Action
Federal Budget
One-Two Punch of Economic News Has Budget Hawks Calling for Action
2022-07-27 20:16:28
by Dan McCue

WASHINGTON — The Congressional Budget Office released a long-term economic forecast on Wednesday that has the national debt rising to 185% of gross domestic product in 2052, with interest payments to cover that debt poised to quadruple as a share... Read More

US, World Markets Retreat After Powell’s Hawkish Rate Stance
Wall Street
US, World Markets Retreat After Powell's Hawkish Rate Stance

NEW YORK (AP) — Wall Street was pointed toward losses before markets opened on Friday, following global shares lower after Federal Reserve Chair Jerome Powell indicated aggressive increases in interest rates were needed to fight inflation. The futures for the Dow industrials... Read More

US Growth in Q4 Revised Lower to 6.9%, Slower Growth to Come
Economy
US Growth in Q4 Revised Lower to 6.9%, Slower Growth to Come

WASHINGTON (AP) — The U.S. economy ended 2021 by expanding at a healthy 6.9% annual pace from October through December, the government reported Wednesday, a slight downgrade from its previous estimates. For all of 2021, the nation’s gross domestic product —... Read More

Wall Street Heads for Gains after World Shares Sink
Wall Street
Wall Street Heads for Gains after World Shares Sink

Wall Street pointed toward gains in premarket trading Tuesday after world share prices sunk lower, with Hong Kong down almost 6% and Shanghai losing 5%. Oil prices slid about 8% as virus lockdowns and rising numbers of COVID cases in... Read More

<strong>Fed Leaves Interest Rate Unchanged, But Signals Increase ‘Soon’</strong>
Federal Reserve
Fed Leaves Interest Rate Unchanged, But Signals Increase ‘Soon’
2022-01-27 14:44:00
by Dan McCue

WASHINGTON — The Federal Reserve left interest rates unchanged on Wednesday, keeping them near zero, but signaled a raise in rates could come soon if inflation continues to run above its preferred target and the job market remains strong. The... Read More

As Fed Meets, Investor Angst Over Rate Hikes Spooks Markets
Wall Street
As Fed Meets, Investor Angst Over Rate Hikes Spooks Markets

WASHINGTON (AP) — Wild volatility in the stock market this week has put heightened scrutiny on the Federal Reserve's meeting Wednesday and whether the Fed will clarify just how fast it plans to tighten credit and potentially slow the economy.... Read More

Survey Finds Farmer Sentiment Rising on Strengthened Financial Position
Agriculture
Survey Finds Farmer Sentiment Rising on Strengthened Financial Position
2022-01-04 15:31:32
by Dan McCue

WEST LAFAYETTE, Ind. — A monthly measure of farmer sentiment rose last month, something it had only managed to do once before in all of 2021, according to Purdue University's Center for Commercial Agriculture and the CME Group. The two... Read More

Tighter Credit, More Expensive Borrowing Could Be In The Offing With Fed Shift
Federal Reserve
Tighter Credit, More Expensive Borrowing Could Be In The Offing With Fed Shift
2021-12-15 22:37:47
by Dan McCue

WASHINGTON — In a dramatic change of policy, the Federal Reserve said Wednesday that it will accelerate its withdrawal from propping up the economy and likely will raise interest rates at least three times in 2022. As recently as September,... Read More

Fed Sees Earlier Time Frame for Rate Hikes with Inflation Up
Federal Reserve
Fed Sees Earlier Time Frame for Rate Hikes with Inflation Up

WASHINGTON (AP) — The Federal Reserve signaled Wednesday that it may act sooner than previously planned to start dialing back the low-interest-rate policies that have helped fuel a swift rebound from the pandemic recession but have also coincided with rising... Read More

Fed Signals Rates Will Stay Near Zero for at Least Three Years
Federal Reserve
Fed Signals Rates Will Stay Near Zero for at Least Three Years

The Federal Reserve left interest rates near zero and signaled it would hold them there through at least 2023 to help the U.S. economy recover from the coronavirus pandemic. The Federal Open Market Committee “expects to maintain an accommodative stance... Read More

Federal Reserve Foresees No Additional Interest Rate Hikes This Year
Economy
Federal Reserve Foresees No Additional Interest Rate Hikes This Year
2019-03-20 20:53:15
by Dan McCue

The Federal Reserve's policymaking Federal Open Market Committee said Wednesday there will be no more interest rate hikes this year, baring a significant, unforeseen change in the economy. The unanimous decision by the committee following its two-day meeting this week... Read More

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