AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Winning Steps As Interest Rates Rise; Low-Rate Era Is Ending; Defend yourself against higher consumer rates; avoid long-term bonds.(FUNDS & PERSONAL FINANCE)
Byline: PAUL KATZEFF
The Federal Reserve Board has raised its key interest rate to 1.75%. The latest hike was Sept. 21, and that was the third increase in as many months.
The rate had been as low as 1% until June 30, when the Fed raised its rate for the first time in four years. And many economists expect the central bank to lift its Fed Funds rate to 2% in November.
Until June, consumers and investors had enjoyed the lowest borrowing costs in 40 years. So what should you do now that the Fed says it will keep raising rates at a measured pace?
In general, avoid making long-term decisions based on short-term financial trends, says Laila Batz-Krause, executive vice president of PNC Bank's consumer/small business banking group in Pittsburgh.
Focus on ways to cope in the near term with rising borrowing costs.
Consider switching to a fixed-rate mortgage if you have an adjustable rate loan.
- Pickup in interest rates has some buyers favoring intermediate-term...
- Magazine article from: The Bond Buyer Pagan, Christine April 29, 1996 700+ words
Higher interest rates are encouraging some investors in the Northeast to shift their focus from short- to intermediate-term bonds, brokers said. Securities in the eight-to-10-year range were popular in the recent $9 million insured North...
- Prices drop again for long-term bonds Investors worry Fed will raise interest...
- Newspaper article from: The Milwaukee Journal Sentinel June 11, 1996 700+ words
...the Federal Reserve Board will raise interest rates soon to fight off inflation. The price...split on whether the Fed would raise interest rates to try to curb economic growth before...fell Monday as concern about rising interest rates outweighed optimism that economic growth...
- KOREAN CENTRAL BANK TO INCREASE ISSUANCE OF LONG-TERM BONDS.
- News wire article from: AsiaPulse News March 28, 2003 700+ words
...issuance of long-term bonds to cope with big drops in interest rates, the central bank...too much drop in the interest rates of long-term bonds, standing at 4.6...year, bringing all interest rates to minus levels. He...
- Time to Toss The Textbook; Greenspan confessed again that he doesn't understand...
- Magazine article from: Newsweek Samuelson, Robert J. June 27, 2005 700+ words
...confessed again that he doesn't understand why interest rates on long-term bonds and mortgages have dropped, just when the Fed...economy. For example: one theory of low American interest rates is that foreign money flows have pushed rates...
- Expectations and the term structure of interest rates: evidence and...
- Magazine article from: Economic Quarterly King, Robert G. Kurmann, Andre September 22, 2002 700+ words
Interest rates on long-term bonds are widely viewed as important...studied the term structure of interest rates. For monetary policy analysis...the link between short-term interest rates, which are heavily affected...
- US Fed must weigh variety of signals to set interest rates.(Business)
- Newspaper article from: Manila Bulletin March 22, 2006 700+ words
...inflation. He also repeated his view that the currently narrow differences between interest rates on long-term bonds and interest rates on short-term bonds is not a harbinger of economic trouble ahead. "I would not interpret the currently...
- HIGH TRADE DEFICIT TOUCHES OFF STOCK SLIDE ONE-DAY DROP A RECORD; INTEREST...
- Newspaper article from: The Boston Globe Charles Stein, Globe Staff October 15, 1987 700+ words
...one-day drop in history. Interest rates on long-term bonds pierced the 10 percent barrier...more inflation, higher interest rates and sometime down the road...closely track rates on long- term bonds. On the political side...
- Fed Raises Interest Rates Again
- Transcript from: NPR All Things Considered April 18, 1994 700+ words
...theme music] Short- term interest rates up again. ROBERT SIEGEL...Angeles, says the rise in interest rates is causing concern. LYNN...because they' re tied to interest rates on long-term bonds. The Clinton administration...
