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.

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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.