Sep 17, 2014 10:26 PM
Federal Reserve To Markets: Nothing To See Here; Move Along
On Wednesday, they announced wage-and-price hikes remain low and growth continues at a moderate pace. That means interest rates can stay super low for a "considerable time," while the Fed's bond-buying program can wrap up next month, as expected.
In recent years, the Fed, which serves as the nation's central bank, has pushed interest rates to historic lows to help stimulate the economy.