Fed leaves rates unchanged; no hint on timing of next hike

The US Federal Reserve is keeping interest rates unchanged in light of an uncertain job market and offering no hints of when its next rate hike might occur.

The Fed noted in a statement Wednesday after its latest policy meeting that the pace of job growth has slowed even as the overall economy has improved.

Fed Chair Janet Yellen said Wednesday that the Federal Reserve is focused on the economy, and does not take the upcoming US presidential elections into account in making its decisions.

via ynetnews.com

Source: http://www.ynetnews.com/articles/0,7340,L-4816368,00.html

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