Fed Holds Rates Steady at 3.9% as Inflation Remains Elevated
The Federal Reserve left its key rate unchanged at about 3.9% after a two-day policy meeting and said inflation remains elevated.
The Federal Reserve kept its key rate unchanged Wednesday at about 3.9 per cent despite stubbornly high 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 i…