Borrowing may cost more Sept. 16

Economists expect the Federal Reserve, America's central bank, to raise interest rates Wednesday, Sept. 16, with at least one more to follow, Reuters reported Sept. 14. The focus is its Sept. 15-16 FOMC rate-setting meeting, plus a 2:30 p.m. press conference Sept. 16. Higher rates usually mean pricier loans but better savings pay.