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Why the Federal Reserve is lifting rates now, and what it means

WASHINGTON (AP) — About six weeks ago, Federal Reserve Chairman Kevin Warsh announced that a divided central bank was keeping its key interest rate unchanged. But on Wednesday, the Fed’s rate-setting committee unanimously agreed to a rate hike , and nearly all policymakers signal...

KSTP 5 Eyewitness News (ABC)Sep 17, 2026

Local

Dry this afternoon then Rainy Friday.

Rainfall from last night into this morning around the Twin Cities ranged from .25″ to .75″ with some Heavier Amounts in Hennepin County and lesser amounts in Scott and Dakota Counties. The rest of Today brings Decreasing Clouds this afternoon and becoming Partly Cloudy to Sunny f...

KSTP 5 Eyewitness News (ABC)Sep 17, 2026

safety

Eichorn defense calls prosecution request for 5-year sentence ‘unwarranted’

Defense attorneys for former state Sen. Justin Eichorn objected to the U.S. government’s proposed five-year prison sentence, calling such a punishment “unwarranted.” The Grand Rapids Republican pleaded guilty in May to a felony charge stemming from his arrest in a child sex sting...

KSTP 5 Eyewitness News (ABC)Sep 17, 2026

News

Your fall scare fix is here: Dead End Hayride opens Friday

With just days remaining on the summer calendar, a popular fall attraction in Minnesota is ready to flip the page as the haunted hayride kicks off the season on Friday. Dead End Hayride at the Pinehaven Farm in Wyoming is set to open for the year with haunted rides, walk-through ...

KSTP 5 Eyewitness News (ABC)Sep 17, 2026

government

How to vote early in Minnesota: Absentee voting begins Friday

Minnesota voters can start casting absentee ballots Friday ahead of the November general election. Minnesota Secretary of State Steve Simon spoke Thursday on how voters can cast ballots before the Nov. 3 general election. According to the Minnesota Secretary of State’s Office , U...

KSTP 5 Eyewitness News (ABC)Sep 17, 2026

business

Struggling US home buyers, and market, face new hurdles as mortgage rates near 7%

Home shoppers holding out for relief from rising mortgage rates may be in for a long wait. The weekly average rate on a 30-year fixed-rate home loan has been rising for months and reached its highest level in over 14 months last week at 6.76%, according to mortgage buyer Freddie ...

KSTP 5 Eyewitness News (ABC)Sep 17, 2026