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Fed expected to keep rates unchanged

WASHINGTON (AP) — After two weeks of intense political and legal scrutiny, the Federal Reserve will seek to make this week's meeting about interest rates as straightforward and uneventful as possible, though President Donald Trump probably still won't like the result. The central bank's interest rate-setting committee is almost certain to keep its key short-term rate unchanged at about 3.6%, after three straight quarter-point cuts last year. Fed Chair Jerome Powell said after December's meeting that they were "well positioned to wait to see how the economy evolves" before making ...

Chamber adds Superior Building Maintenance as new member

IRON MOUNTAIN — Superior Building Maintenance Inc. has joined the Dickinson Area Chamber of Commerce, which celebrated with a ribbon-cutting ceremony outside the chamber offices in downtown Iron Mountain. Superior Building Maintenance is a licensed, insured and bonded, woman-owned and ...

Scalcucci retires from First National Bank & Trust in IR

IRON RIVER – Gary Scalcucci, assistant vice president/loan officer for 14 years at First National Bank & Trust's Iron River office, has retired after 25 total years in banking. Scalcucci’s banking knowledge and professionalism, as well as his genuine care for people, made a lasting ...

Average mortgage rate edges higher but still near 3-year low

The average long-term U.S. mortgage rate ticked higher this week, but remains near its lowest level in more than three years. The benchmark 30-year fixed rate mortgage rate rose to 6.09% from 6.06% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate averaged ...