- Missing Jackson woman found dead in Bollinger County pond (06/23/16)2
- Many Jackson students may face random drug-testing (06/26/16)30
- Village of Zalma must disincorporate, law says (06/23/16)5
- Jackson man accused of felony assault after attack at Cape bar (06/26/16)7
- I want an angry president (06/21/16)17
- Man allegedly kicks woman, punches man after denied a sexual favor (06/23/16)
- Witness says he saw suspect kill his best friend (06/24/16)
- Officials: Ash borer less of a problem here than in St. Louis (06/27/16)
- Advance graduate will become superintendent of its schools (06/21/16)1
- Odd court hearing ends with judge declaring probable cause in abuse case (06/22/16)4
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.