- Woman's post about 'Back the Blue' sign in Jackson coffee shop prompts firing from nearby bar (8/15/17)11
- How to save a life: Lifeguards resuscitated young girl at Cape Splash (8/17/17)2
- Stoogefest headliner cancels, cites NAACP travel advisory in Missouri (8/15/17)2
- Chaffee man charged with attempting to have ex-wife killed (8/20/17)3
- Woman dies in house fire in Cape Girardeau County (8/16/17)
- Scott City school chief gets raise, while some teachers don't (8/17/17)6
- Former Chaffee officer faces DWI charge (8/20/17)2
- PBS crew filming in Cape; Glenn House to be featured (8/17/17)
- Scott City Council reinstates police chief (8/16/17)1
- Near miss: Woman 'lucky' following train incident (8/16/17)
Fed boosts key interest rate for 11th time
WASHINGTON -- The Federal Reserve on Tuesday boosted a key interest rate for the 11th straight time and signaled that more rate hikes were likely even as the country recovers from the devastating effects of Hurricane Katrina.
The action pushed the Fed's target for the federal funds rate -- the interest that banks charge each other -- to 3.75 percent. That's the highest level since the summer of 2001.
Some economists had believed that Katrina, the country's costliest natural disaster, might prompt the Fed to pause temporarily in its campaign to drive interest rates higher to keep inflation in check. But Federal Reserve Chairman Alan Greenspan and his colleagues said that Karina's impact on the overall economy was likely to be temporary.