WKYT | Lexington, Kentucky | News

Fed likely to continue low-interest rate policy

MGN Online

MGN Online

WASHINGTON (AP) - The Federal Reserve likely will decide to keep borrowing costs at record lows when it meets this week.

The Fed has said it would keep its key short-term interest rate near zero at least until the unemployment rate dips below 6.5 percent. Right now it's 7.6 percent.

The Fed meets today and Wednesday.

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