Federal Reserve Leaves Rates Unchanged, Provides No Hints on Next Hike

The Federal Reserve left short-term interest rates unchanged and didn't explicatively hint at a rate hike during the central bank's next meeting in June, per its April statement, released on Wednesday. The Fed also did not add back its 'balance of risks' phrase to its statement, which had been included in previous ones. TheStreet's Scott Gamm speaks with Nick Colas, chief market strategist at Convergex, a New York-based brokerage firm.