The Latest: Group says low rates will help wages for African-Americans

Economic IndicatorsAssociated Press

The latest on the Federal Reserve's meeting regarding interest rates (all times local):


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12:50 p.m.

Strange as it sounds, the social justice movement is united with Wall Street in opposition to a Federal Reserve rate hike. Protesters clad in green t-shirts rallied outside Fed offices. They hoisted signs that linked monetary policy with the racial disparities behind the "Black Lives Matter" movement.

"Black America is still in a Great Recession," read one sign.

"Don't raise the interest rate," the group collectively chanted, arguing that the Fed will eventually encourage faster wage growth by holding rates at the near-zero level they have been at since late 2008. The group is questioning the presence of inflation in the economy — since rising prices have historically triggered rate hikes.