Key Takeaways From Fed Decision to Hold Rates Steady

Here are key takeaways from the Federal Reserve's interest-rate decision on Wednesday:

• Federal Open Market Committee votes unanimously to maintain benchmark rate in target range of 4.25%-4.5%
  
• Statement removes language noting that labor market conditions have generally eased, saying instead that “the unemployment rate has stabilized at a low level” and “labor market conditions remain solid”
  
• Statement removes reference to ongoing progress toward officials' 2% inflation goal, noting “inflation remains somewhat elevated”
  
• Statement maintains language saying risks to achieving employment and inflation goals “are roughly in balance”
  
• Statement maintains language that “in considering the extent and timing of additional adjustments” to rates, officials will assess incoming data, evolving outlook and balance of risks
  
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For Bloomberg's TOPLive blog on the Fed decision and press conference, click here