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Wall Street Shrugs Off Latest Economic Report

Aug. 11, 2009
Markets turn lower as the Fed Reserve policy board opens a two-day meeting.
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Fed stands firm on interest rates

WASHINGTON, Sept. 24 (UPI) -- With the United States economy remaining weak, the U.S. Federal Reserve Board left short-term interest rates unchanged Tuesday at 1.75 percent. This is the lowest level for the Fed funds rate since the Kennedy administration.

Fed keeps interest rate at 1.75 percent

WASHINGTON, Aug. 13 (UPI) -- The Federal Reserve announced Tuesday that it would keep the key federal funds target rate unchanged at 1.75 percent. Members of the Fed's policy-making Federal Open Market Committee did, however, caution that downside risks in the economy remained, given
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Snigdha Nandipati of San Diego wins Finals of the Scripps National Spelling Bee
View Caption
Snigdha Nandipati of San Diego, California watches confetti rain down as she wins the two-day Scripps National Spelling Bee championship, May 31, 2012, in National Harbor, Maryland. Nandipati successfully spelled the word .* guetapens *, meaning to lure or ambush. UPI/Mike Theiler