Fed Keeps Interest Rate Steady as Investors Expect December Increase
The Federal Reserve left its benchmark rate unchanged, while investors widely anticipate a December increase to counter persistent inflation.
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The Federal Reserve kept its benchmark interest rate at its current level despite persistent inflation.
Investors widely expect the central bank to raise rates at its next meeting in December to help curb inflation. That anticipated increase would follow the Fed’s decision to hold steady for now.
Originally reported by NPR. Read the full story at NPR
