US Federal Reserve to decide on interest rate hike

The US Federal Reserve is meeting to decide whether or not to raise interest rates for the first time in nearly a decade. The markets are not expecting a rate rise, given uncertainty over the severity of the global downturn. Despite a reasonable recovery in jobs, inflation is remaining stubbornly low, dragged down by the impact of a strong dollar. Experts say US Federal Reserve Chair Janet Yellen has an increasingly difficult task projecting how the Fed will move forward.