Federal Reserve

Federal Reserve Says Farm Income Weaker In 1st Quarter
OMAHA, Neb. (AP) — The Federal Reserve says farm income growth slowed across the Plains and western states in the first quarter as costs increased and the drought lingered. The Federal Reserve Bank of Kansas City, Mo., said Wednesday that the growth in farm income has slowed this year because…
Oil Rises On Fed Stimulus Hopes
NEW YORK (AP) — The price of oil is higher Wednesday as traders anticipate the Federal Reserve’s next steps to stimulate the U.S. economy. But a big increase in the nation’s gasoline supply has damped the gains. Benchmark crude rose 53 cents to $86.32 a barrel in morning trading…
Farmland Values Continue To Grow
OMAHA, Neb. (AP) — The Federal Reserve says the average value of farmland in several Midwest and Western states grew more than 25 percent in the first quarter as farm income remained strong. The Federal Reserve Bank of Kansas City., Mo., said Tuesday that higher crop prices and timely rains i…
Federal Reserve President Coming To Casper
  Esther George, the new President and CEO of the Tenth Federal Reserve District in Kansas City will be coming to Wyoming to Speak in Casper on Tuesday, May 8th.  Ms. George became president on October 1st and this is her first official visit to Wyoming.  Prior to her becoming preside…
Bernanke Says Community Banks Have Strengthened
WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke says the health of the nation’s community banks has strengthened, despite what he calls a frustratingly slow economic recovery. In remarks to a conference on community banking, Bernanke says profits at smaller banks have been risi…
Stocks Erase Losses On Fed Promise Of Low Rates
Stocks turned mixed Wednesday afternoon, erasing earlier losses, after the Federal Reserve said it will keep interest rates near zero for much longer than it had previously announced. Demand for ultra-safe Treasurys soared, pushing bond yields lower. The Fed’s monetary policy committee said i…
Mortgage Rates Hit All Time Low
WASHINGTON (AP) — The average rate on the 30-year fixed mortgage this week fell below 4 percent for the first time ever, to 3.94 percent. For those who can qualify, it’s an extraordinary opportunity to buy or refinance. And mortgage rates could fall even further now that the Federal Re…