From Cbsnews · · 40s
Fed holds rates steady despite inflation
The Federal Reserve kept interest rates unchanged on Wednesday after raising them in September to fight inflation.
In brief
The Federal Reserve kept interest rates unchanged on Wednesday after raising them in September to fight inflation. The Federal Reserve held interest rates steady on Wednesday following a September increase aimed at controlling inflation. Originally reported by Cbsnews.
Fed holds rates steady
The Federal Reserve held interest rates steady on Wednesday after raising borrowing costs in September to clamp down on inflation.
What the decision means
The decision to pause rate increases comes after the Fed raised borrowing costs in September as part of its effort to control inflation.
Inflation remains high
The Fed is holding rates steady despite high inflation, signalling a shift in its approach to managing price pressures in the economy.
The short version
The Federal Reserve held interest rates steady on Wednesday following a September increase aimed at controlling inflation.
