Fed leaves rates unchanged

The Federal Reserve left interest rates unchanged at its monetary policy meeting on Thursday.

“Recent global economic and financial developments may restrain economic activity somewhat and are likely to put further downward pressure on inflation in the near term,” the Fed said in its statement released after the meeting.

Despite the Fed's delay in hiking rates, there was little to cheer for investors. Stocks fell, the S&P 500 edging down 0.3 percent.

Interest rates futures, though, show that traders now see a 49 percent chance of a Fed rate hike at its December meeting, down from 67 percent earlier Thursday.