Economy & Business

Economy
2:27 pm
Wed October 30, 2013

Why The Fed Decided Not To Change Course

Citing continued signs of weakness, the Federal Reserve said it will keep aiming for low interest rates.
Mark Wilson Getty Images

Look around. Do you see much inflation?

Gas prices are down more than 7 percent from last year. Grocery costs haven't budged lately. And — just in time for Halloween — the price of candy is down 2.3 percent from last year, according to the government's consumer price index released Wednesday.

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The Two-Way
1:56 pm
Wed October 30, 2013

For Now, Fed Will Stand Firm On Bond Buying

The Fed pointed to a somewhat weaker housing market in recent months.
Scott Olson Getty Images

Originally published on Wed October 30, 2013 2:36 pm

The Federal Reserve's message, at least for now, is to take a wait-and-see approach to the economy before tapering off on its bond-buying program.

In a statement issued after Wednesday's meeting, the Federal Open Market Committee said that while it has seen signs of "growing underlying strength in the broader economy" it awaits "more evidence that progress can be sustained."

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Economy & Business
1:32 pm
Wed October 30, 2013

Local CEO Blasts Temporary Debt Crisis Fix, Partisan Politics

Gehl Foods CEO Katherine Gehl (right) speaks with Lake Effect's Mitch Teich about the dairy industry, recall elections and government debt.
Credit University Club

Lake Effect's Mitch Teich interviews Gehl's Foods CEO Katherine Gehl.

For all of the transformation of Wisconsin’s economy in the past thirty years, the state is still known as the epicenter of the dairy industry. 

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All Tech Considered
1:01 pm
Wed October 30, 2013

To Keep Your Attention, Airline Safety Videos Up Their Game

Virgin America released a song-and-dance themed safety video this week.
Courtesy of Virgin America

Originally published on Wed October 30, 2013 2:03 pm

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The Two-Way
12:23 pm
Wed October 30, 2013

Report: NSA Has Broken Into Google And Yahoo Data Centers

Originally published on Wed October 30, 2013 12:39 pm

"The National Security Agency has secretly broken into the main communications links that connect Yahoo and Google data centers around the world," The Washington Post reported at midday Wednesday.

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