Federal Reserve Likely Raises Rate for First Time in a Decade
The Federal Reserve is expected to lift its benchmark rate today for the first time since June 2004 signaling a healthy economy. The move would push the federal funds target higher, affecting loan costs from short to long terms and prompting anticipated further hikes into 2016 and 2017.
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Federal Reserve
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Car Loans Face Higher Costs as Fed Rates Rise
The Federal Reserve’s near zero rates since December 2008 spurred cheap car loans and a sales surge. When rate hikes begin, borrowing costs will rise and buyers with lower incomes may feel a noticeable impact on overall car purchases.
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Fed
Rising mortgage rates forecast slower home sales in 2016
A 0.25 percentage point rate rise increases a $200,000 loan by about $58 monthly and roughly $700 yearly, with total life-to-loan costs near $21,000. Realtors expect existing home sales to slow to 2.9 percent in 2016 from 7.3 percent through November due to higher borrowing costs.
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Fed
Higher Rates Lift Returns for Savers in CDs and Accounts
The rise in bank rates increases yields on savings accounts and CDs benefiting savers. Older Americans on fixed incomes with bank deposits gain less immediately as initial hikes are small and slow to aid those relying on fixed income.
CCB Packaging breaks ground on sixth expansion in Hiawatha
Hiawatha’s CCB Packaging starts a 47 000 square foot expansion that will total 250 000 square feet including manufacturing warehousing and offices. Brad Canfield says the project adds 12 to 15 permanent jobs, adds 11 truck docks and aims for a May or June completion.
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CCB Packaging
Center Point Rd
Hiawatha
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Knapp Warden Architecture
Cedar Rapids
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STEM dolls for girls gain ground in toy market
The push for girls to enter STEM grows as lines like Lottie astronomer and fossil hunter dolls join brands such as Mighty Makers and Project Mc2. Experts note rising interest but market supply and demand remain insufficient to shift the broader toy landscape.
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University of Illinois At Chicago Center For Research On
Airbus near final bid on defense electronics unit sale
Airbus aims to pick its final bidder for its defense electronics activities by month end after narrowing 11 offers to about six. The move fits its plan to dispose of assets with roughly 2 billion euros in revenue amid weak European defense spending.
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Dubai
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Fabrice Bregier
Zodiac Aerospace
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