Powell signals higher interest rates. Here’s why Friday’s jobs report will affect Fed’s decision.
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 […]
Farmers brace for rising interest rates after years of steady lows
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 […]