Federal Reserve keeps rates unchanged despite elevated inflation
Posted
Associated Press (via Providence Business News)
WASHINGTON (AP) – The Federal Reserve kept its key rate unchanged Wednesday at about 3.9% despite stubbornly high inflation, while providing little hint about the central bank’s next moves. “Inflation remains elevated,” the Fed said in a statement released after its two-day policy meeting. Holding off on an increase will allow “the accumulation of more […]
