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Economy

Business Report: Fed Holds Off Interest Rate Hikes

Trader Michael Milano works on the floor of the New York Stock Exchange, Tuesday, Feb. 6, 2018.
Richard Drew / Associated Press
Trader Michael Milano works on the floor of the New York Stock Exchange, Tuesday, Feb. 6, 2018.

KPBS Evening Edition anchor Ebone Monet and SDSU marketing lecturer Miro Copic discuss some of the week’s top business stories.

Photo Verification

San Diego software startup Truepic is working on technology to verify authentic photos and signal when they have been manipulated. According to the San Diego Union-Tribune, Truepic is now teaming up with technology giant Qualcomm in an effort to help protect online communities from fake content.

San Diego Real Estate

The San Diego housing market is a tough one for first-time home buyers, according to a new survey by Bankrate. The report shows the city is the seventh worst place for people who want to buy their first home.

Interest Rates

On Wednesday, the Federal Reserve signaled no new interest rate hikes for 2019. The Fed’s benchmark rate can affect anything from credit cards to mortgages. Analysts said the announcement offers a dim view of the economy, especially as growth weakens in the United States and around the world.

RELATED LINK: Fed Signals Rate Hikes May Be Over For 2019