Case grew stronger, not strong enough
By Kelsey Ramírez | HousingWire
At the conclusion of its meeting, the Federal Open Market Committee announced it decided not to raise interest rates in September.
While the committee said that the case for an increased has strengthened, they decided to wait for further evidence on continued progress towards its objectives.
“Our decision does not reflect a lack of confidence in the economy,” said Janet Yellen, Federal Reserve System chair of the Board of Governors.