economy | Texas Public Radio

economy

Brian Kirkpatrick / Texas Public Radio

Bexar County commissioners were warned Tuesday to tighten their belts to prepare for a possible recession as part of the county's five-year budget forecast.

Updated at 4:03 p.m. ET

Despite enormous pressure from President Trump, the U.S. Federal Reserve announced Wednesday it is increasing interest rates by a quarter point.

The Fed said in a statement it is raising the key borrowing rate to a range of 2.25 percent to 2.50 percent — the highest level in a decade, when the economy was in the early stages of the financial crisis and the beginning of the Great Recession. The Dow ended the day down 352 points, or 1.5 percent, after the Fed announcement. The index was up nearly 300 points earlier.

Despite a wave of controversies, President Trump's popularity seems to be rising ever so slightly, according to a couple of recent polls. The bump may be linked to the fact that more Americans seem to be crediting Trump for the nation's healthy economy.

Courtesy Vanessa Velazquez

Local nonprofit SA2020 recently released its 2017 impact report, tracking the city's progress in various cause areas to improve conditions within San Antonio communities. 


" 2016 DOD Hiring Heroes Career Fair, Mar. 9, 2016" goo.gl/J2VRgy
U.S. Army IMCOM via Flickr

For the second month in a row, the Texas unemployment rate reached a new low since 1976, the earliest year data is available online from the Bureau for Labor Statistics.

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