What does Fed rate inaction mean?

What does Fed rate inaction mean?
Local News

By scott miller

The latest moment of truth –when the Federal Reserve would again decide whether or not to raise its benchmark rate for the first time since 2006 — finally arrived Sept. 17, and investors were apparently concerned about the verdict.The Fed decided not to act, but after a brief rally on the news, stocks fell far enough over the next two days to finish down for the week despite a strong midweek rally. The bond market was also impacted, and the yield on the two-year Treasury had its largest one-day dip since December 2010. There’s long been anxiety about what the …

Source:: Vail Daily Feed