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 Agriculture

Farm Bureau Calls Judge’s Ruling A Win

judge generic

Late last week a Judge ruled Nebraska must pay Kansas $ 5 million in a dispute involving overuse of irrigation…

in Agriculture

Ag Secretaries Tout TPA for President

Vilsack

Eight secretaries of agriculture have teamed up to show their support for granting the President Trade Promotion Authority. Ag Secretary…

in National

Feds clear officer in Ferguson case, criticizes police force

ferguson

The decision in the Aug. 9 shooting had been expected, in part because of the high legal standard needed for a federal civil rights prosecution.

in National

Supreme Court divided over Obamacare challenge

obamacarecourt

Justices appeared divided on ideological lines as the court heard a second major challenge to President Barack Obama's healthcare law.

in Local

Search On For Workers

employment help wanted

The main mission of Yankton Area Progressive Growth over the years was to recruit new businesses to move and bring jobs to the area.