Fed expected to raise interest rates today
The Fed is poised to lift rates again as economists expect a fifth quarter point increase since June, with the FOMC meeting today to review policy amid a booming economy and high consumer spending. The federal funds rate would reach 5.75 percent, with banks' prime lending at 8.75 percent, a peak since 1995.
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Fed
Washington
Federal Reserve
Alan Greenspan
Federal Open Market Committee
Sion
Supreme Court bars race in Montgomery County transfer policy
The Supreme Court refused to let Montgomery County Public Schools use race to decide student transfers, leaving intact a lower court ruling that such racial balancing is unconstitutional unless correcting past discrimination. The decision, announced without comment, preserves limits on diversity remedies in admissions and transfers.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
Maryland
Montgomery County
National School Boards Association
Montgomery County Public Schools
Patricia A. Brannan
Brannan
Jeffrey D. Eisenberg
Silver Spring
Jacob
Eisenberg
Beverly Petersen Jennison
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