Another cut in short-term interest rates by the Federal Reserve on Wednesday promises to power up Indiana’s economy — next year, experts say. In an attempt to keep the national economy from lapsing into a recession, the Fed’s Open Market Committee set its target for a key interest rate at 3 percent, down from 3. By cutting short-term rates, the Fed is trying to ramp up loan demand, both to ease the doom and gloom on Wall Street and to help consumers nationwide pinched by rising costs for everything from food to energy to health care. The Wall Street Journal reported financial shares rose earlier when the market expected a rate cut by the Fed. Read More