WKYT | Lexington, Kentucky | News

Fed likely to continue low-interest rate policy

The Federal Reserve likely will decide to keep borrowing costs at record lows when it meets this week.

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.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus

WKYT

2851 Winchester Rd. Lexington, Ky 40509 859-299-0411 - switchboard 859-299-2727 - newsroom
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 205369831 - wkyt.com/a?a=205369831