US inflation
The Fed leaves its key interest rate unchanged, but a hike is widely expected at the next meeting in September.
Federal Reserve policymakers vote 9-3 to leave key rate unchanged despite high prices -- for now
The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation and a spike in energy prices caused by the Iran war. The Fed’s rate-setting committee reached the 9-3 decision after two days of deliberations, marking the fifth straight meeting at which the benchmark rate was kept at around 3.6%.
