The Hill reporter Peter Schroeder dissects the Federal Reserve's move to hold off on raising interest rates—at least until its next meeting.

The Fed said on Wednesday that it would hold steady, keeping rates near zero, due to middling economic and employment growth:

However, the Fed kept the door open for a rate hike in its final meeting of 2015 in December. 

Schroeder points out a slight change in the Fed's latest statement, which suggest the central bank's concerns about global economic threats have waned, but so have its expectations for the U.S. economy.

The Fed scrapped a line from its September policy update, which said that recent global activity “may restrain economic activity.” But it also updated its language for the U.S. economy, noting that job gains had slowed while the unemployment rate has held steady at 5.1 percent.

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