Pursuits
One U.S. Banker Is Ready to Raise His Rates, With or Without the Fed
- Auto-parts maker sees possible slowdown with higher rates
- Indebted retirees on fixed incomes may be hurt by an increase
Two Reasons the Fed May Hold Off on a Rate Hike
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If the Federal Reserve doesn’t raise interest rates this week, Bill Loving may have to do it himself.
The president and chief executive officer of Pendleton Community Bank, headquartered in Franklin, West Virginia, says he sees “increasing loan demand” that will heat up if the central bank keeps its record stimulus in place. Then he’ll have to boost his deposit rates to pull in more funds to lend.