After Janet Yellen and the Federal Reserve finished there meeting at 11:00am PT today, they decided to leave interest rates unchanged. Will they still raise them in a year? Maybe. What is more likely is QE4 (fourth round of quantitative easing) being initiated, which will only make the situation much worse. After the announcement, the price of USD to EURO began to drop as a result of the Federal Reserve's non-rate hike decision. Gold and Silver prices also made a jump today after the 11am decision.
Check out the Federal Reserve's statement below that was just released and their reasoning behind not raising interest rates at this time.
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