FED Holds Rates Again

After a two-day meeting, the Federal Reserve on Wednesday released its latest policy update, keeping benchmark interest rates on hold, as markets expected. But the central bank offered little clarity on guidance for when they might be ready to raise rates again. The FOMC noted "labor market conditions have improved further even as growth in economic activity appears to have slowed." The Fed signaled it expects U.S. growth to resume a more "moderate" pace and said it will continue to monitor domestic and global developments. A positive highlight of the meet was the omission of mention of the risks in the global economy. Here's a detailed report.