US Fed keeps rates unchanged despite elevated inflation, gives little signal of next move
WASHINGTON — The Federal Reserve kept its key rate unchanged Wednesday at about 3.9 percent 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 increase will allow “the accumulation of more information” that will help determine what…
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