Fed holds rates, scales back plan for increases

The Federal Reserve's policymaking committee has decided against raising its key interest rate and says increases will be implemented more slowly than planned. The decision to delay an increase was backed by every member of the committee, including Esther George, who had voted at recent meetings for a rate hike.

The New York Times (free-article access for readers) (6/15),  The Washington Post (tiered subscription model) (6/15),  The Wall Street Journal (tiered subscription model) (6/15)