The Fed Keeps Interest Rates Unchanged

By Markets FOXBusiness

Unchanged! The Federal Reserve keeps interest rates at current levels. 

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During her press conference Wednesday afternoon, Fed Chair Janet Yellen told reporters and the world that conditions continue to point to a rate increase later this year, but warned that the hikes would be gradual. The markets seemed to be pleased, all spiking on the news.

And breaking news Wednesday that shocked the world of Wall Street; famed investment banker Jimmy Lee, of JPMorgan, died suddenly. The deal maker was one of the most prolific bankers, helping to bring gigantic names like GM and Alibaba public, and striking hundreds of the most important deals over the years. Lee was 62 years old.

 

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