The Federal Reserve opted to leave its benchmark interest rate unchanged — but investors widely expect the central bank to raise rates at its next meeting in December to combat stubborn inflation.
(Image credit: Andrew Harnik)
Business & Finance
Fed holds interest rates steady even as inflation remains stubborn
Key Points
The Federal Reserve opted to leave its benchmark interest rate unchanged — but investors widely expect the central bank to raise rates at its next meeting in December to combat stubborn inflation. (Image credit: Andrew Harnik)