Saying Economy Is Strong, Fed Keeps Interest Rates Unchanged For Now
The Federal Reserve held steady with no rate increase, but it is expected to raise rates twice more by the end of the year. The Fed said "economic activity has been rising at a strong rate."
The Federal Reserve on Wednesday held off on raising its key interest rate, which plays a role in loans to consumers and businesses.
The Fed is sticking to the script it has been forecasting to financial markets, but it's expected to raise rates twice more this year — on top of the increasesand .
