Fed Leaves Interest Rates Where They Are
They’re going hard on the holding pattern. After speculation that they might raise interest rates for the first time zince 2006, the Fed decided to play it safe, saying that for now rates will stay as they are. Some analysts expect this to tamp down global markets, as it could mean the Fed’s confidence in the U.S. and global economies is still shaky, but stocks held steady just after the announcement. The banking body gave no clues about potential future rate rises, but many in the industry expect the hike to come later this year.