Fed Keeps Key Interest Rate Steady, Sees Fewer Risks | NBC 5 Dallas-Fort Worth
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Fed Keeps Key Interest Rate Steady, Sees Fewer Risks

The U.S. job market has rebounded, with strong job gains in June following weak growth in May, the Fed says

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    NEWSLETTERS

    AP
    In this June 22, 2016, file photo, Federal Reserve Chair Janet Yellen testifies on Capitol Hill in Washington, before the House Financial Services Committee hearing on U.S. monetary policy. On July 27, the Federal Reserve wrapped up a two-day meeting, keeping the key interest rate on hold.

    The Federal Reserve is keeping interest rates unchanged while noting that near-term risks to the economy have diminished. 

    The Fed says that the U.S. job market has rebounded, with strong job gains in June following weak growth in May. But it says in a statement after its latest policy meeting that it still plans to monitor global economic threats and financial developments to ensure they don't slow the economy. 

    The central bank gave no hint of when it might resume the rate hikes it began in December, when it raised its benchmark rate from a record low. 

    Some economists think a hike is possible in September, if hiring remains solid and the turbulence that followed Britain's vote to leave the European Union continues to stabilize.

    Wal-Mart Rejects 'Blue Lives Matter' Cake

    [NATL-DFW] Wal-Mart Rejects 'Blue Lives Matter' Cake
    A McDonough, Georgia, Walmart is facing a backlash after an employee refused to make a "Blue Lives Matter" cake for a retiring police officer, and the story is going viral. The officer's daughter says it was a cake for the officer's retirement party after serving for 25 years. After a friend posted about the incident on Facebook, a manager called her to apologize and make the cake. Walmart's corporate communications department also issued an apology. (Published Tuesday, Sept. 27, 2016)