# Fed holds rates steady despite inflation

> The Federal Reserve kept interest rates unchanged on Wednesday after raising them in September to fight inflation.
- Title: Fed holds rates steady despite inflation · Cbsnews | Shortify
- Summary: The Federal Reserve kept interest rates unchanged on Wednesday after raising them in September to fight inflation. The Federal Reserve held interest rates…
- Keywords: federal reserve, interest rates, inflation, monetary policy, news, Fed, holds, rates, steady, despite, Cbsnews
- Source: Cbsnews — https://cbsnews.com/video/federal-reserve-holds-interest-rates-steady-despite-high-inflation
- Read time: 1 min
- Topics: federal reserve, interest rates, inflation, monetary policy, news
## 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.
## Key takeaway

The Federal Reserve held interest rates steady on Wednesday following a September increase aimed at controlling inflation.