Fed Holds the Line, Leaving Rates Unchanged in Ongoing Inflation Fight

The Federal Open Market Committee (FOMC) maintained the target range for the federal funds rate on Wednesday following hotter-than-expected inflation and employment cost data. In its familiar refrain, the central bank left the federal funds target range untouched at 5.25% to 5.5% after its monthly meetings on Tuesday and Wednesday. Most investors and analysts expected…

The post Fed Holds the Line, Leaving Rates Unchanged in Ongoing Inflation Fight appeared first on RISMedia.

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