Fed Says Key Rate Will Stay at 23-Year High
- Written by Newser
This story has been updated with Powell's remarks . As widely expected, the Federal Reserve held its benchmark interest rate unchanged Wednesday for a sixth straight meeting at between 5.25% and 5.5%, the highest level since 2001. The central bank said it won't cut rates until it has "greater...
Read more at Newser.com https://www.newser.com/story/349788/fed-holds-key-rate-steady-for-a-6th-time-in-a-row.html