Federal Reserve leaves US interest rates unchanged as inflation stays elevated
The US central bank held borrowing costs steady and signalled it still sees no quick fix for persistent price pressures.
The Federal Reserve kept its benchmark interest rate unchanged on Wednesday, leaving the target range at 3.5% to 3.75% as policymakers continued to weigh inflation against slower growth. The decision was widely anticipated.
Fed chair Jerome Powell said the central bank does not have a simple way to bring prices down quickly, underscoring that officials still see inflation as a stubborn problem. The statement suggested the committee remains cautious about cutting rates too soon.
The vote also pointed to growing disagreement inside the policy-setting group, according to reporting from Forbes. That split reflects debate over how long borrowing costs should stay at current levels.
The move keeps US monetary policy in a holding pattern after a series of rate decisions aimed at cooling inflation without causing a sharper economic slowdown.
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