Why it matters
Borrowing costs for U.S. households and businesses remain shaped by the Fed’s high rates, affecting loans, housing and investment. The decision also matters to investors watching for signs of future rate changes.
ECONOMY • UNITED STATES
Federal Reserve holds rates steady at 3.75% to 4%
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BLUF
The Federal Reserve kept its benchmark interest rate unchanged in a 10-2 vote, despite elevated inflation. Officials said they would assess further information before deciding what to do at their December meeting; a rate increase is not certain.
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