10 things you need to know today: September 18, 2015

The Federal Reserve holds off on raising interest rates, Croatia closes border crossings, and more

A child cries as migrants try to board a bus on Croatia's border with Serbia.
(Image credit: AP Photo/Manu Brabo)

1. Fed keeps interest rates unchanged

The Federal Reserve announced Thursday that it was holding off on raising its benchmark interest rate, which it has held near zero since 2006. At the end of a two-day meeting, Fed policymakers said they were waiting a bit longer to get a better idea of how tighter lending conditions would affect the economy as a global slowdown threatens to "restrain economic activity somewhat" in the U.S. The decision did not surprise experts, although some had expected the Fed to go ahead with a slight hike.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us
Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.