As expected, the Federal Reserve decided to keep short-term interest rates at a record low on Wednesday, citing concern about how Europe’s debt crisis could affect the U.S. economy.
Eventually, the Fed will start pushing rates higher. The question is when.
Read the Fed’s full press release here.
Here’s a sampling of news coverage.
MarketWatch: European debt crisis negatively impacting outlook
New York Times: Fed Holds Rates Steady, Citing Overseas Threats