Fed holds interest rates steady – but investors bet on December rate hike
The Federal Reserve held interest rates steady Wednesday, even as inflation data has been worsening – but the central bank is largely expected to issue a quarter-point…
Federal Reserve officials held interest rates steady Wednesday despite stubborn inflation. The central bank's Federal Open Market Committee (FOMC) voted 10-2 to keep the benchmark federal funds rate range at 3.75 percent to 4 percent. "The committee believes that the accumulation of more information will help it determine the policy stance appropriate to ensure a [...]
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