WILMINGTON, Del. (AP) — Amtrak is receiving a $2.45 billion loan from the federal government to buy new trains, upgrade tracks and make platform improvements along the busy Northeast corridor, the largest such loan ever by the Department of Transportation, officials announced Friday. (full story)
ALBANY, N.Y. (AP) — Upstate New York continues to trail downstate as well as the nation as a whole when it comes to job growth following the economic downturn, according to a report released Friday by the state comptroller. (full story)
By MARTIN CRUTSINGER - AP - Fri Aug 26, 1:08PM CDT
WASHINGTON (AP) — Federal Reserve Chair Janet Yellen said Friday that the case for raising interest rates has strengthened in light of a solid job market and an improved outlook for the U.S. economy and inflation. But she stopped short of offering any timetable. (full story)
BRUSSELS (AP) — The world's largest brewer, AB Inbev, expects to cut about 3 percent of its total workforce — equivalent to thousands of jobs — once it completes its huge takeover of its closest rival, SABMiller. (full story)
(1) Treasury Yields - The interest rate that the U.S. Treasury pays to borrow money.
(2) Bank Rates - The federal funds rate is the rate that banks pay to borrow reserves from each other in the interbank market. The prime rate is the rate that banks charge for loans to their best customers.
(3) The interest rate swap rate represents the fixed rate paid on a rate swap to receive payments based on a floating rate. Our Dollar Interest Rate Swaps page shows 1-, 5-, 10-, and 30-year rate swap charts, as well as historical rate swap data tables.
(4) Mortgage Rates - Mortgage rates are the rates that banks charge for loans to homeowners with the home used as collateral for the loan. Fixed-rate mortgage rates are fixed over the term of the loan whereas adjustable-rate mortgages (ARMs) vary over the term of the loan.