Transcript for Federal Reserve Leaves Interest Rates Unchanged
From Wall Street to main street and markets around the world the Federal Open Market Committee reaffirmed the currents Euro took quarter priests in. Target range for the federal funds rate this is news that affects every one if you own stocks Holmes cars or even credit cards. The interest you pay his game at a record low near zero since 2000 eat and the Federal Reserve just announced. Enjoy the break. For a little longer fed has said it concerns aren't so much with the US economy but with the overseas economy China in particular for nearly seven years the Fed kept the rates untouched to help the economy and the stock markets following the worst economic downturn since the great depression and now. Reading the wreaked just a matter of time you can bet. Interest rates we'll be going up now it's just a question of are they going up next month or three months from. So bottom line experts say it will happen by the end of the year how much of a jump remains to be seen but we are told. It could be as small as a quarter percent of an increase but it will still have a huge impact. All or wallets. That her ABC news New York.
This transcript has been automatically generated and may not be 100% accurate.