The Fed leaves interest rates unchanged, no rate hike for September

The FOMC meeting was held on 17th of September, and the Fed decided to leave interest rates unchanged. Investors were speculating the Fed might raise interest rates in this meeting.

Richmond Fed President Jeffrey Lacker voted against this decision, insisting the Fed should raise interest rates by 0.25%.

Press conference by Federal Reserve Chair Janet Yellen is scheduled after this meeting. She is expected to explain about this decision and the Fed’s future monetary policies. For more information about the Fed’s rate hike, see the following articles: