Fed leaves interest rates unchanged, as expected
Summary
The American central bank decided to keep borrowing costs steady during its latest meeting. Policymakers continue to prioritize bringing high inflation down toward their stated target level. Because of these ongoing price pressures, a policy tightening step remains possible later in the year.
A rate hike in December remains likely as the U.S. central bank continues to focus on inflation, which remains well above its 2% target.
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