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The Piney Point

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: KPRC 2 / Click2Houston (NBC) · view original

The Federal Reserve kept its key rate unchanged Wednesday at about 3.9% despite elevated 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 increase will...

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