NPRUs
Fed keeps rates steady as inflation stays stubborn
The Federal Reserve kept its benchmark interest rate unchanged, while investors expect a December increase as inflation stays stubborn. The decision leaves borrowing costs steady for now, but signals policymakers may tighten monetary policy again to cool rising prices.
This card is an AI-assisted summary of reporting published by NPR. Read the original report before relying on it for medical, legal, financial, safety, or emergency decisions.