Fed Says Interest Rates Will Rise Gradually
The Federal Reserve are leaving interest rates unchanged, at least for the time being.
Yellen said that there is still room for improvement and said that any timing of a rate hike would be determined on a meeting-by-meeting basis in the future.
Analysts are expecting the Federal Reserve to raise interest rates soon, many believe before the end of the year. The struggling economy has been the reason that interest rates have not been raised in about ten years.