Fed Holds Rates Steady in 10-2 Decision, Citing Elevated Inflation
The Federal Reserve kept its benchmark rate at 3.75%-4% on Wednesday, with a 10-2 vote. It said inflation remains elevated.
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…