- Waller deemed competent to stand trial (1/11/17)5
- Young Elvis impersonator from Bernie performs on 'Ellen DeGeneres Show' (1/12/17)
- Two subjects of interest in 1992 homicide to take polygraph tests (1/15/17)7
- Business notebook: Jackson salon owner also opens a clothing store (1/16/17)
- Two men shot after argument; houses also struck by bullets (1/12/17)21
- 113 drug tests at Jackson High net one instance of illicit usage (1/11/17)15
- Cape SportsPlex contractor offers a look at the project (1/15/17)14
- Meat-processing plant faces $70K penalty for Clean Water Act violations (1/17/17)2
- Two Cape men recovering after shooting (1/13/17)
- Governor cuts $146 million, colleges take hit (1/17/17)
Fed holds rates at 45-year low
The Associated Press
WASHINGTON -- Federal Reserve policy makers, worried about companies' inability to create new jobs, held interest rates at a 45-year low on Tuesday and signaled anew that they will be slow to order any future increase that could cramp the economy's recovery.
Private economists viewed the Fed policy statement as more somber than its comments after a similar meeting in late January, reflecting the fact that the central bank has seen two disappointing monthly employment reports since then.
Some economists said it was very likely that the Fed would not raise its target for the federal funds rate, the interest that banks charge each other, from 1 percent until sometime in 2005. That represented a change from the previous view that the Fed simply would wait until after the November election before starting to raise rates.