Federal Reserve Clarifies When Short-Term Interest Rates Might R - ABC FOX Montana Local News, Weather, Sports KTMF | KWYB

Federal Reserve Clarifies When Short-Term Interest Rates Might Rise

Posted: Updated:
Fed Clarifies Guidance On Short-Term Rates

WASHINGTON (AP) - The Federal Reserve is seeking to clarify when it might start to raise short-term interest rates from record lows.
    
The Fed also says it will cut its monthly long-term bond purchases by another $10 billion to $55 billion because it thinks the economy is strong enough to support further improvements in the job market.
    
The Fed is reaffirming its plan to keep short-term rates low to help support the economy. But it no longer mentions a specific unemployment rate that might lead it eventually to raise short-term rates. The Fed says instead it will monitor "a wide range of information" on the job market, inflation and the economy before approving any rate increase.
    
It announced the policies in a statement after its first meeting with Janet Yellen as chair.

Fed Foresees Steady Growth Despite Winter Setbacks

WASHINGTON (AP) - Federal Reserve officials expect the U.S. economy to grow at a steady if modest pace in 2014 despite weather-related setbacks this winter.
   
The Fed forecasts growth of 2.8 percent to 3 percent this year, a bit lower than its December projection of between 2.8 percent and 3.2 percent.
   
The forecast suggests that Fed policymakers will continue to pare their monthly bond purchases, which are intended to stimulate growth by keeping interest rates low. The Fed's first policymaking meeting under new Chair Janet Yellen ended Wednesday.
   
The Fed expects unemployment to fall further this year than it thought in December. It forecasts that the unemployment rate will drop to 6.1 percent to 6.3 percent by the end of this year, down from its December projection of 6.3 percent to 6.6 percent.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)



  • National NewsMore>>

  • Police: Fast food customer in Indiana orders cheese sticks, gets side of cocaine

    Police: Fast food customer in Indiana orders cheese sticks, gets side of cocaine

    Saturday, December 16 2017 2:10 AM EST2017-12-16 07:10:41 GMT
    Police: Fast food customer in Indiana orders cheese sticks, gets side of cocainePolice: Fast food customer in Indiana orders cheese sticks, gets side of cocaine

    GRIFFITH, Ind. - A fast food restaurant in Northwest Indiana will remain closed until police figure out how cocaine allegedly wound up in a customer’s order. A Broad Street Gyros customer called police Nov. 21 saying she thought there was cocaine in her takeout order. According to the Chicago Tribune, the woman told police she found a small baggie of white powder stuffed inside a plastic foam cup along with her cheese sticks. According to 

    GRIFFITH, Ind. - A fast food restaurant in Northwest Indiana will remain closed until police figure out how cocaine allegedly wound up in a customer’s order. A Broad Street Gyros customer called police Nov. 21 saying she thought there was cocaine in her takeout order. According to the Chicago Tribune, the woman told police she found a small baggie of white powder stuffed inside a plastic foam cup along with her cheese sticks. According to 

  • Mad Minute stories from Friday, December 15th

    Mad Minute stories from Friday, December 15th

    Saturday, December 16 2017 2:00 AM EST2017-12-16 07:00:12 GMT

    Here are the extended versions of the KHQ Local News 11 at 11 Mad Minute stories from Friday, December 15th.

    Here are the extended versions of the KHQ Local News 11 at 11 Mad Minute stories from Friday, December 15th.

  • Army of firefighters takes on still-growing California fire

    Army of firefighters takes on still-growing California fire

    Saturday, December 16 2017 1:27 AM EST2017-12-16 06:27:16 GMT

    SANTA BARBARA, Calif. (AP) - The fourth-largest wildfire in California history continues to grow and threaten thousands of homes despite armies of fire crews and fleets of bulldozers and aircraft. The blaze northwest of Los Angeles grew by 3,000 acres overnight and although Santa Ana winds eased on Friday, they are expected to return with a vengeance over the weekend. And the fire is so large that winds on one end may be gustier than those on the other side. The 11-day-old Thomas ...

    SANTA BARBARA, Calif. (AP) - The fourth-largest wildfire in California history continues to grow and threaten thousands of homes despite armies of fire crews and fleets of bulldozers and aircraft. The blaze northwest of Los Angeles grew by 3,000 acres overnight and although Santa Ana winds eased on Friday, they are expected to return with a vengeance over the weekend. And the fire is so large that winds on one end may be gustier than those on the other side. The 11-day-old Thomas ...

Powered by Frankly

Features

  • More Features
  • Powered by WorldNow
    All content © Copyright 2000 - 2017 Cowles Montana Media. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.