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Federal Reserve

Sep 21, 2016

Study finds small businesses strapped for cash

A recent report that most small businesses are pressed for cash comes as no surprise to Jan Pisanczyn, director of the SUNY Brockport Small Business Development Center. “Most small-business owners, like most of us, are not financial wizards so they don’t really pay attention to what the meter is telling them,” Pisanczyn said. “They are […]

Sep 19, 2016

Subpar data slow Fed’s march to interest-rate increase

Each week Fed leaders take to the luncheon circuit to speak in favor of higher interest rates. Each time they seem ready to raise rates something gets in the way. If it is not China, it is Brexit, or it is employment data. The one time the Fed did raise rates, the market corrected sharply. […]

Dec 4, 2015

Yellen signals growing likelihood of Dec. rate hike

WASHINGTON — Federal Reserve Chair Janet Yellen told Congress on Thursday that economic conditions appear to be improving enough for policymakers to raise interest rates when they meet in two weeks — as long as there are no major shocks that undermine confidence. Yellen said that even after the first rate hike, the Fed expects […]

Nov 13, 2015

Yellen: Research needed on policy tools

WASHINGTON — Federal Reserve Chair Janet Yellen is stressing the need to review the unconventional monetary policies that central banks around the world deployed in response to the 2008 global financial crisis. She said Thursday that the post-crisis period offers policymakers an opportunity to assess the effectiveness of the tools and better understand the impact […]

Nov 5, 2015

Yellen: December rate hike a ‘live possibility’

WASHINGTON — Federal Reserve Chair Janet Yellen said Wednesday that an interest rate hike in December would be a “live possibility” if the economy stays on track. Yellen described the U.S. economy as “performing well” right now, with solid growth in domestic spending. At their meeting last week, policymakers believed that the threat of global […]

Oct 29, 2015

Fed keeps rate at record low, for now

WASHINGTON — The Federal Reserve is keeping its key short-term interest rate at a record low in the face of threats from a weak global economy and excessively low inflation. But it suggested the possibility of a rate hike in December. A statement the Fed issued Wednesday said it would seek to determine “whether it […]

Sep 15, 2015

As Fed meets, decision on rate hike seems like toss-up

Will they or won’t they? Nine years after they last raised their benchmark interest rate and after months of feverish speculation, Federal Reserve policymakers this week may finally raise that rate from a record low near zero. Unless they don’t. Financial markets have been zigzagging with anxiety as investors have tried to divine whether the […]

Jul 27, 2015

Fed edges toward its first rate hike since 2006

WASHINGTON — The Federal Reserve is getting close to raising interest rates for the first time in nearly a decade, perhaps in September. When it meets this week, though, don’t expect any timetable for a rate hike to be spelled out in a post-meeting statement. For now, the Fed wants to keep its options open. […]

Jul 1, 2015

Commentary: Federal Reserve prolongs wait for interest rate hike

The Federal Reserve decided at its June meeting not to raise interest rates. The vote was 10-0, with all but two members of the 17 full board expecting a rate rise by the end of the year. Four who previously wanted two rate increases this year now favor one rate increase. It is believed that […]

Jun 17, 2015

Fed leaves key rate at record low

WASHINGTON — The U.S. economy has strengthened since a slump early this year, the Federal Reserve said Wednesday, but it wants to see further gains in the job market and higher inflation before raising interest rates from record lows. The Fed gave no timetable for a rate hike but said it expects the economy’s gains […]

Apr 27, 2015

With economy uncertain, no Fed rate hike is seen before fall

WASHINGTON — For 6½ years, the Federal Reserve has held its key interest rate near zero, and for nearly that long the financial world has speculated about when the Fed will start raising it. Don’t look for it soon. That’s the view of most economists, who say a still-subpar economy and still-low inflation will keep […]

Apr 8, 2015

Fed minutes: Officials split widely on rate hike timing

WASHINGTON — Fed officials disagreed widely last month on when they might begin lifting interest rates from record lows. Minutes of the March 17-18 meeting released Wednesday reveal that several policymakers predicted a rate hike in June, while others concerned about low inflation didn’t think a rate hike would be warranted until later this year. […]

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