interest rate

A company advertises a help wanted sign on April 9, 2021, in Pawtucket, Rhode Island. (Photo by Spencer Platt/Getty Images)

Powell signals higher interest rates. Here’s why Friday’s jobs report will affect Fed’s decision.

BY: - March 9, 2023

Federal Reserve Chairman Jerome Powell said this week that interest rate increases could be higher and come faster if Friday’s unemployment data shows the nation’s labor market isn’t cooling off. Stock indexes fell after his comments. That’s been a familiar pattern over the past year as the federal bank has tried to combat inflation.  A […]

A farmer harvests corn near Slater, Iowa. on Oct. 17, 2020.

Farmers brace for rising interest rates after years of steady lows 

BY: - January 5, 2023

Rising interest rates have farmers and lenders putting extra thought toward operational costs. Taylor Sumption is a crop farmer just north of Aberdeen. He said the higher interest rates will make his annual loans cost more for things like putting his crops in the ground.  “For example, looking at putting in a corn crop, just […]