ECONOMY

Economy

Fed Leaves Rates Unchanged Amid 'Heightened Uncertainties' Abroad

4:24pm September 17, 2015

by Marilyn Geewax

The Federal Reserve decided to leave interest rates unchanged at historically low levels, even though the U.S. economy has been gaining strength. The Fed has kept a key rate near zero since late 2008.

A police officer keeps watch outside the Federal Reserve headquarters in Washington, D.C., where policymakers weighed whether to boost interest rates.

The Fed Holds Rates Steady; Here's Who Is Clapping

3:55pm September 17, 2015

by Marilyn Geewax

The Federal Reserve chose to leave interest rates unchanged Thursday. For the central bank even a decision to do nothing is a big deal, creating all sorts of winners (homebuyers) and losers (savers).

Economy

Fed To Begin Closely Watch 2-Day Meeting On Interest Rates

1:51pm September 17, 2015

by John Ydstie

It's been nine years since the Federal Reserve raised interest rates. The Fed begins a two-day meeting on Wednesday to decide whether its time to raise rates.

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Economy

For T.W. Garner Company, A Return To Downtown Roots

12:34pm September 17, 2015

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Survey Finds Poverty, Income Numbers Remain Unchanged

7:25pm September 16, 2015

by Laura Wagner

According to new figures from the Census Bureau Wednesday, poverty in the U.S. was unchanged last year and the median income did not increase, although the economy created more jobs.

Traders work on the floor of the New York Stock Exchange in March. Investors have been waiting to see whether the Federal Reserve will raise interest rates for the first time since 2006.

The Downside Of Keeping Interest Rates So Low For So Long

11:56am September 16, 2015

by Marilyn Geewax

Some economists say the Federal Reserve should leave rates alone, but many say super-low rates have big risks, too. They argue that the central bank needs to push rates back up to historic norms.

Federal Reserve Faces Fork In The Road Over Interest Rates

5:47am September 16, 2015

by Chris Arnold

This week, the Fed may raise a key interest rate for the first time since 2006. By keeping interest rates near zero for so long, the Fed may have prevented the ultimate financial catastrophe.

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Illinois Lottery Suspends Payouts Until State Lawmakers Settle Budget Stalemate

7:03pm September 15, 2015

by Cheryl Corley

People who have hopes of winning a big lottery prize will have to put their dreams on hold in Illinois. The Governor and Illinois lawmakers can't come to terms over a state budget and until they do, lottery prizes over $25,000 will be delayed. Lottery winners aren't too happy, and some have filed a class action lawsuit against the state.

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Do You Use Money? If So, You'll Want To Read This By Thursday

12:51pm September 15, 2015

by Marilyn Geewax

This week, the Federal Reserve will be making decisions that could affect your ability to borrow. Because it works behind closed doors, it can seem mysterious. Here's what the Fed is and does.

Jeff Bezos says the launch pads at Cape Canaveral have been dormant for "too long — we can't wait to fix that."

Amazon's Bezos Plans To Build, Launch Rockets From Florida

11:42am September 15, 2015

by Bill Chappell

In announcing a new expansion of commercial efforts to launch earthlings into space, Amazon.com founder and CEO Jeff Bezos says the launch pads at Cape Canaveral have been dormant for too long.