The move was expected and signals a recovery in the economy since the 2008 financial crisis.
The U.S. central bank said an array of global risks and other factors had convinced it to delay the hike.
After months of speculation, federal policymakers could raise interest rates on Thursday.
Making the internationalization of the yuan the centerpiece of economic policy is pure insanity.
The steadily improving U.S. jobs market could open the door wider to a Federal Reserve interest rate hike in September.
Fed says the economy is now on track to grow between 1.8 percent and 2.0 percent this year.
Authorities in the United States and Europe have fined seven banks over $10 billion.
"If we get back to normal interest rates, stocks at these prices will look high."
Russia's central bank raised interest rates by 6.5% overnight, but the rouble continued to plunge against the dollar