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Federal Reserve keeps interest rates unchanged despite elevated inflation

Federal Reserve keeps interest rates unchanged despite elevated inflation
Photo: NBC Bay Area (KNTV, NBC) · view original

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 increa...

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