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Fed Holds the Line

As the day approached when the Federal Reserve was poised to raise or lower certain key rates, investors were likely wondering whether they would get the chance to bump up their savings.

By Michelle A. Samaad | Updated on June 26, 2013

As the day approached when the Federal Reserve was poised to raise or lower certain key rates, investors were likely wondering whether they would get the chance to bump up their savings.

The Fed’s Open Market Committee may have halted those plans on June 19 when it made the decision to keep the target federal funds rates between zero and 0.25%. Fed bond purchases were also set to keep its $85 billion monthly stride.

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