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

Governor Says Iowa In Good Financial Shape

Iowa state capital

Iowa Governor Terry Branstad says while the state is in pretty good financial shape, that could change quickly.

in Local

BCBS Rejects Deal

Stethoscope Medical

Blue Cross Blue Shield of Nebraska rejected the latest proposal by CHI Health as a way to end a contract dispute.

in Local

Negotiators Far Apart

Iowa state capital 2

Negotiators for the State of Iowa presented a contract proposal that differs greatly from the one submitted earlier this month by the largest state employees' union.

in Local

No Charges For Corrections Officials

gavel

Nebraska Attorney General Jon Bruning says the special legislative committee reviewing what went wrong in Corrections that led to the miscalculation of hundreds of prison sentences failed to stay focused.

in National, World

U.S. to leave more troops in Afghanistan than first planned

afghanistan

The number of troops in Afghanistan next year will be larger than originally thought to fill a gap left in the NATO mission.