Local

Fed Changes Will Take Time

Photo: clipart.com

Fed Changes Will Take Time

The US Federal Reserve announced it will begin to reduce the amount of bonds it buys by ten billion dollars a month, beginning in January. The move signals the Fed is ready to reduce the money they have been injecting into the economy following the great recession. The Fed has been buying eighty five billion dollars in US Treasury bonds each month for several years.

Curt Everson, President of the South Dakota Bankers Association, says it can take some time for signals from the Fed to spread out into the banking industry…

 

The Fed has kept interbank interest rates near zero for several years. Everson says despite that, profit margins for banks have also been very tight…

 

Everson says he doesn’t expect to see much change in consumer interest rates for a while…

 

Recent Headlines

in Local Sports

Twins Lose Playoff Ground

Fresh

J.B. Shuck's two-run, pinch-hit triple in the seventh inning sent the Chicago White Sox over Minnesota 6-4 Thursday, the Twins' last home game before beginning a key road trip.

in Local Sports

Vikes Drop Final Tuneup

Fresh
vikingscoach

Marcus Mariota threw a 59-yard touchdown pass to Harry Douglas to cap his only series, and the Tennessee Titans wrapped up the preseason by beating the Minnesota Vikings 24-17 on Thursday night.

in Local Sports

Jacks Open At Kansas

Fresh
BROOKINGS, SD - SEPTEMBER 6:  xxxxxxx (Photo/Dave Eggen/Inertia)

For the second time in four seasons, the South Dakota State University football team will kick off its season with a road matchup at Kansas.

in Local Sports

Good Matchups In Openers

Fresh
football helmet

Several interesting matchups await area teams opening the football season this weekend.

in Local Sports

Gophers Take TCU To Wire

Fresh
football3

Trevone Boykin threw for 246 yards and a touchdown and ran for 92 yards and another score to help No. 2 TCU outlast Minnesota 23-17 on Thursday night.