Fed Leaves Rates Unchanged
Janet Yellen keeps historic lows in place
By Newser Editors and Wire Services
Posted Sep 17, 2015 1:05 PM CDT
Federal Reserve Chair Janet Yellen.   (AP Photo/Manuel Balce Ceneta, File)

(Newser) – No rate hike: The Federal Reserve has held off on raising interest rates amid a shaky world economy. Janet Yellen's group cited "global economic and financial developments" to explain the decision, which mostly means the turmoil in China, reports MarketWatch. Fed policymakers now see just one rate hike likely to take place this year, down from two in their previous forecast, issued in June. Which means investors can expect the first increase in years to take place in October or December.