At its just concluded monetary policy meeting, the Federal Reserve's FOMC has chosen to leave the interest rates it controls unchanged.
This was not unexpected.
The vote was 7-3 to leave interest rates unchanged.
In its statement, the Fed policy committee said “the case for an increase in the federal funds rate has strengthened but decided, for the time being to wait for further evidence of continued progress toward its objectives.”
The 3 dissents were all regional presidents — Esther George, Loretta Mester and Eric Rosengren.
The full text of the FOMC statement is here.