Tag: Interest Rate
Fed begins inflation fight with key rate hike, more to come
WASHINGTON (AP) — The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the early 1980s, raising its benchmark short-term...
LIBOR phaseout primer
In July 2017, the head of the UK Financial Conduct Authority recommended a phaseout of the London Interbank Offered Rate by Dec. 31, 2021.
LIBOR...
Fed’s Fischer says two more 2017 hikes still feels right
WASHINGTON - Federal Reserve Vice Chairman Stanley Fischer said a recent patch of weak economic data likely won’t throw the U.S. central bank off...
In bank earnings season, surprise lurks in rising deposit costs
NEW YORK - When the Federal Reserve raised benchmark interest rates last month, it took North Carolina lender BB&T Corp. less than four minutes to announce...
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