The Federal Reserve will not be changing its benchmark interest rate, which is used for short-term, inter-bank loans. The Fed intends to keep the rate near zero for an "extended period."
The U.S. has long complained that China's currency has been unfairly low. But China's decision to let the yuan rise indicates crisis mode is over, according to some economists.
China is indicating it will loosen its strict policy on the yuan and allow the currency to rise against the U.S. dollar. Marketplace's Mitchell Hartman explains how this could affect U.S. and European countries.
