Fed wants to see more jobs before it raises interest rates (Video)

As expected, the Federal Reserve decided against raising its federal funds rate this month from the near-zero levels it’s been since the financial crisis.

In its statement, the Fed said it won’t begin raising interest rates until “it has seen further improvement in the labor market and is reasonably confident that inflation will move back to its 2 percent objective over the medium term.”

The Fed, however, sounded fairly confident in the economy’s progress since a dead-in-the-water first… …read more