Fed raises key interest rate for first time in year - WDRB 41 Louisville News

Fed raises key interest rate for first time in year

Posted: Updated:
  • U.S. & World NewsMore>>

  • Greitens blames politics, but even some in GOP concerned

    Greitens blames politics, but even some in GOP concerned

    Friday, February 23 2018 7:28 PM EST2018-02-24 00:28:15 GMT
    (St. Louis Metropolitan Police Department/St. Louis Post-Dispatch via AP). A booking photo provided by the St. Louis Metropolitan Police Department shows Missouri Gov. Eric Greitens on Thursday, Feb. 22, 2018.  A St. Louis grand jury has indicted Greit...(St. Louis Metropolitan Police Department/St. Louis Post-Dispatch via AP). A booking photo provided by the St. Louis Metropolitan Police Department shows Missouri Gov. Eric Greitens on Thursday, Feb. 22, 2018. A St. Louis grand jury has indicted Greit...
    Missouri Gov. Eric Greitens is defiant, even amid calls for impeachment or resignation, after a St. Louis grand jury indicts him for felony invasion of privacy.More >>
    Missouri Gov. Eric Greitens is defiant, even amid calls for impeachment or resignation, after a St. Louis grand jury indicts him for felony invasion of privacy.More >>
  • More companies end ties with NRA as pressure mounts

    More companies end ties with NRA as pressure mounts

    Friday, February 23 2018 7:28 PM EST2018-02-24 00:28:09 GMT
    Investment firm Blackrock wants to know how gun makers will respond to school massacre in Parkland, Florida, and elsewhere.More >>
    Investment firm Blackrock wants to know how gun makers will respond to school massacre in Parkland, Florida, and elsewhere.More >>
  • Trump says arm US teachers; they love kids as others don't

    Trump says arm US teachers; they love kids as others don't

    Friday, February 23 2018 7:27 PM EST2018-02-24 00:27:59 GMT
    (AP Photo/Andrew Harnik). President Donald Trump takes a question from reporters before boarding Marine One on the South Lawn of the White House in Washington, Friday, Feb. 23, 2018, to travel to Oxon Hill, Md. to speak at the Conservative Political Ac...(AP Photo/Andrew Harnik). President Donald Trump takes a question from reporters before boarding Marine One on the South Lawn of the White House in Washington, Friday, Feb. 23, 2018, to travel to Oxon Hill, Md. to speak at the Conservative Political Ac...
    President Donald Trump says the armed officer who didn't stop the gunman who carried out last week's Florida massacre was either a "coward" or "didn't react properly under pressure.".More >>
    President Donald Trump says the armed officer who didn't stop the gunman who carried out last week's Florida massacre was either a "coward" or "didn't react properly under pressure.".More >>

WASHINGTON (AP) -- The Federal Reserve is raising a key interest rate for the first time in a year, reflecting a resilient U.S. economy and expectations of higher inflation. The move will mean modestly higher rates on some loans.

The Fed is signaling that additional rate increases will likely be made slowly as the economy improves and inflation edges closer to the Fed's 2 percent target.

The central bank is increasing its benchmark rate by a quarter-point to a still-low range of 0.5 percent to 0.75 percent. The Fed last raised the rate in December 2015 from a record low near zero set during the 2008 financial crisis.

President-elect Donald Trump's plans for tax cuts and infrastructure spending have led investors to expect that inflation will pick up in coming months.

Copyright 2016 Associated Press. All rights reserved.

  • NationalMore>>

  • Judges decline to immediately throw out congressional map

    Judges decline to immediately throw out congressional map

    Friday, February 23 2018 7:28 PM EST2018-02-24 00:28:19 GMT
    A panel of three Republican-appointed federal judges is in place to consider a request by eight sitting GOP congressmen in Pennsylvania to halt the use of a new congressional district map in this year's elections.More >>
    A panel of three Republican-appointed federal judges is in place to consider a request by eight sitting GOP congressmen in Pennsylvania to halt the use of a new congressional district map in this year's elections.More >>
  • Greitens blames politics, but even some in GOP concerned

    Greitens blames politics, but even some in GOP concerned

    Friday, February 23 2018 7:28 PM EST2018-02-24 00:28:15 GMT
    (St. Louis Metropolitan Police Department/St. Louis Post-Dispatch via AP). A booking photo provided by the St. Louis Metropolitan Police Department shows Missouri Gov. Eric Greitens on Thursday, Feb. 22, 2018.  A St. Louis grand jury has indicted Greit...(St. Louis Metropolitan Police Department/St. Louis Post-Dispatch via AP). A booking photo provided by the St. Louis Metropolitan Police Department shows Missouri Gov. Eric Greitens on Thursday, Feb. 22, 2018. A St. Louis grand jury has indicted Greit...
    Missouri Gov. Eric Greitens is defiant, even amid calls for impeachment or resignation, after a St. Louis grand jury indicts him for felony invasion of privacy.More >>
    Missouri Gov. Eric Greitens is defiant, even amid calls for impeachment or resignation, after a St. Louis grand jury indicts him for felony invasion of privacy.More >>
  • More companies end ties with NRA as pressure mounts

    More companies end ties with NRA as pressure mounts

    Friday, February 23 2018 7:28 PM EST2018-02-24 00:28:09 GMT
    Investment firm Blackrock wants to know how gun makers will respond to school massacre in Parkland, Florida, and elsewhere.More >>
    Investment firm Blackrock wants to know how gun makers will respond to school massacre in Parkland, Florida, and elsewhere.More >>
Powered by Frankly
All content © Copyright 2000 - 2018 WDRB. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.