Fed maintains freeze on interest rates as it fine-tunes fight vs. inflation

News Room
By News Room 0 Min Read

The Federal Reserve on Wednesday kept a key interest rate at a 22-year high and left the door slightly ajar for another hike down the road if inflation doesn’t continue to slow.

The decision to hold rates steady in a range of 5.25%-5.5% was unanimous.

Even though the economy expanded rapidly in the third quarter, Fed Chairman Jerome Powell…

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