For years, Americans have been told that higher interest rates are coming, eventually. Federal Reserve Chair Janet Yellen and the Fed's Open Market Committee are getting ready to lift rates off the floor, probably by a quarter of a percentage point from their current range of 0 percent to 0.25 percent. But at the Fed’s meeting on Thursday, they left rates unchanged. Expectations for an increase now shift to next month or beyond.
“It’s this unicorn, this mythical creature that’s out there,” said Maggie Kirchhoff, a financial planner with Wisdom Wealth Strategies in Denver. “It may exist, and it may arrive, but you’re not sure when.”
