Fed keeps rates unchanged, wary eye on global markets

By Jason Lange and Howard SchneiderWASHINGTON (Reuters) – The U.S. Federal Reserve kept interest rates unchanged on Wednesday and said it was “closely monitoring” global economic and financial developments, signaling it had accounted for a stock market selloff but wasn’t ready to abandon a plan to tighten monetary policy this year.
The decision by the central bank’s rate-setting committee was widely expected after a month-long plunge in U.S. and world equities raise