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Federal Reserve keeps rates unchanged despite elevated inflation, gives little signal of next move

Federal Reserve keeps rates unchanged despite elevated inflation, gives little signal of next move
Photo: NewsChannel 5 WTVF (CBS affiliate) · 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 banks next moves. Inflation remains elevated, the Fed said in a statement released after its two-day policy meeting. Holding off on an increase...

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