Posts Tagged ‘interest rates’

Loan interest legislation dies in Senate committee

by Associated Press Published: April 4,2012

Tags: bills, interest rates, lawmakers, laws, legislation, legislators, Legislature, lenders, loans, small loans, state government

JACKSON — A bill that would have allowed small lenders to charge more on certain types of loans died with a yesterday deadline for committee action. House Bill 1396 would have increased the allowable interest rates on loans under $1,500 from 36 percent to 99 percent. Supporters say the measure would have given borrowers a […] [...]

Economists satisfied with Fed policy — for now

by Associated Press Published: August 30,2010

Tags: economy, interest rates

NEW YORK — Economists are satisfied with the Federal Reserve’s current interest rate policy, but they’re divided over how the central bank should proceed over the next 12 months, a new survey finds. The latest semiannual survey by the National Association for Business Economics, set to be released today, also showed that economists are divided […] [...]

Federal Reserve walking policy tightrope

by Associated Press Published: August 10,2010

Tags: economy, Federal Reserve, fiscal policy, interest rates

WASHINGTON — Federal Reserve policymakers are pondering ways to jump-start the economic recovery. The trick: making sure whatever they do or say doesn’t rattle Wall Street. U.S. stocks closed higher yesterday as investors anticipated reassuring words or action today by the chairman of the country’s central bank, Ben Bernanke and his colleagues on the Federal […] [...]

Fed likely to leave interest rates at record lows

by Associated Press Published: June 23,2010

Tags: Fed, inflation, interest rates, investing, recession, stocks and bonds

WASHINGTON — To sustain the fragile economic rebound, the Federal Reserve is sure to leave interest rates at record lows and is likely to repeat a pledge to keep them there for a while. The Fed ends a two-day meeting today with policymakers having cause for optimism as well as caution. The economy has been […] [...]

Interest rates soar on rescue plan news

by Associated Press Published: May 10,2010

Tags: debt crisis, interest rates, investing

NEW YORK — Interest rates surged in the bond market today after European leaders and central banks around the world agreed to rescue measures to help stem growing debt problems in Europe. European Union leaders and the International Monetary Fund agreed to a nearly $1 trillion aid package that will help weak European countries like […] [...]

A mixed blessing

by Nash Nunnery Published: March 7,2010

Tags: CARD Act of 2009, credit card laws, interest rates, Nancy Anderson

Verdict still out on credit card issues Now that the new credit card law has gone into effect, some are seeing the legislation as a mixed blessing. The CARD Act of 2009, which was signed into law last May, became effective Feb. 22. On one hand, the new law places more restrictions on credit card […] [...]

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