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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

    Fed Keeps Key Interest Rate Steady, Sees Fewer Risks
    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.

    Dog Delivers Basket of Water on Baseball Field

    [NATL] Dog Delivers Basket of Water on Baseball Field

    A viral video of minor league baseball dog delivering water at a Fort Wayne TinCaps game has surfaced on Twitter.

    Video of 'Jake the Diamond Dog' was posted as the golden retriever carried a basket filled with bottled water out to the umpire between innings taken at a recent game.

    The video was posted by Indiana news station WPTA's sports anchor Zach Groth.

    Jake delivers water to umpires on the field in a basket and reportedly makes an appearance at a variety of minor league baseball games and has done so for several years.

    (Published 5 hours ago)