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Stories with person: Sung Won Sohn
  • As Fed meets, it edges toward its first rate hike since 2006 
    Updated: Jul-27-15 1:31 pm

    WASHINGTON - The Federal Reserve is getting close to raising interest rates for the first time in nearly a decade, perhaps in September. When it meets this week, though, don't expect any timetable for a rate hike to be spelled out in a post-meeting statement. For now, the Fed wants to keep its options open.

  • Fed officials in June wary of looming economic risks 
    Updated: Jul-08-15 4:24 pm

    WASHINGTON - Federal Reserve policymakers last month saw signs that the economy was healing after its winter slump but agreed that there were still too many uncertainties at home and abroad to raise interest rates.