Federal Reserve holds rates steady in 10-2 decision
The Fed kept its benchmark rate at 3.75%-4%, saying inflation remains elevated. The decision was 10-2.
The Federal Reserve held interest rates steady on Wednesday, awaiting further data on the path of inflation.In a 10-2 decision, the US central bank said it would maintain its benchmark interest rate within the current 3.75%-4% range while acknowledging that inflation "remains elevated," upgrading i…