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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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    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.

    Pig Escapes Slaughterhouse Fate, Sells Original Paintings

    [NATL] Pig Escapes Slaughterhouse Fate, Sells Original Paintings

    A pig who escaped slaughter is now living out her life in a South African sanctuary and painting original works that have sold for up to $2,000.

    "She was really small when I rescued her," said Joanne Lefson, who manages the South African Farm Sanctuary, a haven for rescued farm animals where the pig now lives. "She's very smart and intelligent so I placed a few balls and some paintbrushes and things in her pen, and it wasn't long before I discovered that she really liked the bristles and the paintbrush...She just really took a knack for it."

    Funds from the art sales go towards the sanctuary.

    (Published Wednesday, March 29, 2017)