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 National

Police seek motive in fatal Washington state school shooting

mp

Authorities are seeking a motive as to why a high school student shot dead a female classmate and wounded four others.

in Local

The City of Yankton’s Sales Taxes Have Turned Around

Money Coins

After some errors by the state revenue department, the sales taxes for Yankton are looking much better.

in National

Making headlines this week

AP977488553978

A look at some of this week's biggest newsmakers.

in National

Student opens fire in high school north of Seattle

People embrace in front of school busses at a church, Friday, Oct. 24, 2014, where students were taken to be reunited with parents following a shooting at Marysville Pilchuck High School in Marysville, Wash.

A student opened fire at his Washington state high school on Friday, killing one person, and wounding at least four others.

in Local Sports

SDHSAA Release First Round Football Pairings

football3

The first rounds of the South Dakota High School Football Playoffs are set.  Here is a link to the SDHSAA…