The Federal Open Market Committee voted to maintain its zero interest rate policy, which CNBC reports was the move economists and analysts expected.
Weakness in exports and soft inflation were cited as the cause of the rate hike delay. Only one vote, from FOMC member Jeffrey Lacker, dissented the majority vote. According to CNBC, Lacker wanted to see the Fed enact a quarter-point hike.
The decision was made amid a weakening economy, particularly in terms of job gains and exports.
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