• In this July 16, 2015, file photo, Federal Reserve Chair Janet Yellen prepares to testify before the Senate Banking Committee on Capitol Hill in Washington. Federal Reserve policymakers meet Wednesday, July 29, 2015, to set interest rates and release a statement. (AP Photo/Susan Walsh, File)

    Fed holds steady on rates, seeks further economic gains

    WASHINGTON (AP) — The Federal Reserve appears on track to raise interest rates later this year but signaled Wednesday that it wants to see further economic gains and higher inflation before doing so.