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Federal Reserve leaves its key rate unchanged but keeps open possibility of a future hike

The Federal Reserve kept its key short-term interest rate unchanged for a second straight time but left the door open to further rate hikes if inflation pressures should accelerate in the months ahead. The Fed said after its latest meeting that it would keep its benchmark rate at about 5.4%, its highest level in 22 years. Since launching the most...
  • FILE – Federal Reserve Chairman Jerome Powell speaks at a...

    FILE – Federal Reserve Chairman Jerome Powell speaks at a meeting of the Economic Club of New York, Oct. 19, 2023, in New York. The Federal Reserve is expected to leave interest rates alone when its latest meeting ends Wednesday. But economists will be listening closely to what Chair Jerome Powell says about the possible future path for rates.(AP Photo/Seth Wenig, file)

  • File – The sculpture of an eagle looks out from...

    File – The sculpture of an eagle looks out from behind protective construction wrapping on the facade as the Federal Reserve Board Building undergoes both interior and exterior renovations, in Washington, Oct. 23, 2023. The Federal Reserve is expected to leave interest rates alone when its latest meeting ends Wednesday. But economists will be listening closely to what Chair Jerome Powell says about the possible future path for rates. (AP Photo/J. Scott Applewhite, File)

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