September 17: Fed won't hike interest rates, citing China turmoil, low inflation (McClatchy DC)
September 17, 2015
The Federal Reserve opted Thursday against the first rate hike in nine years, deciding to wait a bit longer because of soft readings on inflation and ongoing weakness in the global economy.
Rare is the event that makes news for something that didn’t happen. But financial markets for months have been expecting the Fed to begin lifting its benchmark lending rate, which would signal that a period of slowly increasing borrowing costs across...