Spiced Kopi Today's briefing

CBS News·Us

Fed holds rates steady as inflation remains high

Summarised by Spiced Kopi · ·9 sec listen

Fed holds rates steady as inflation remains high

The United States central bank kept borrowing costs unchanged this month, after raising rates in September for the first time in three years. Inflation remains high, but officials made no further rate move at this meeting.

Read the full report at CBS News

This card is an AI-assisted summary of reporting published by CBS News. Read the original report before relying on it for medical, legal, financial, safety, or emergency decisions.